Germany: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Germany

For the third year in a row, the German phosphoric acid market recorded growth in sales value, which increased by 132% to $X in 2022. Overall, consumption saw a tangible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Production in Germany

In value terms, phosphoric acid production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Phosphoric acid production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Phosphoric Acid Exports

Exports from Germany

In 2022, shipments abroad of phosphoric acid and polyphosphoric acids increased by 13% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a mild slump. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, phosphoric acid exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +110.6% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 62%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Austria (X tons) were the main destinations of phosphoric acid exports from Germany, with a combined 60% share of total exports. Poland, Switzerland, the Czech Republic, Italy, France, Belgium, Denmark and Slovenia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the Netherlands ($X) and Spain ($X) were the largest markets for phosphoric acid exported from Germany worldwide, with a combined 44% share of total exports. Switzerland, Poland, Italy, the Czech Republic, France, Denmark, Belgium and Slovenia lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +36.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average phosphoric acid export price amounted to $X per ton, increasing by 35% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2021 an increase of 60% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Germany

In 2022, purchases abroad of phosphoric acid and polyphosphoric acids was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a moderate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, phosphoric acid imports soared to $X in 2022. Overall, imports continue to indicate a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest phosphoric acid supplier to Germany, accounting for a 57% share of total imports. Moreover, phosphoric acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.4% per year) and Poland (-2.2% per year).

In value terms, the Netherlands ($X), Belgium ($X) and Poland ($X) appeared to be the largest phosphoric acid suppliers to Germany, together comprising 84% of total imports. China and the Czech Republic lagged somewhat behind, together comprising a further 6.2%.

In terms of the main suppliers, China, with a CAGR of +280.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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