Netherlands: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in the Netherlands

The Dutch nitric and sulphonitric acids market skyrocketed to $X in 2021, growing by 58% against the previous year. In general, consumption, however, recorded a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Nitric Acid And Sulphonitric Acids in the Netherlands

In value terms, nitric and sulphonitric acids production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a slight decrease. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from the Netherlands

In 2021, the amount of nitric acid and sulphonitric acids exported from the Netherlands expanded remarkably to X tons, surging by 5.4% on the previous year's figure. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, nitric and sulphonitric acids exports soared to $X in 2021. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 120%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of nitric and sulphonitric acids exports from the Netherlands, with a combined 60% share of total exports. Costa Rica, Ireland, Greece, Pakistan and Ethiopia lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +506.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Germany ($X) were the largest markets for nitric and sulphonitric acids exported from the Netherlands worldwide, together accounting for 34% of total exports. These countries were followed by Costa Rica, Greece, Ethiopia, Pakistan and Ireland, which together accounted for a further 15%.

Among the main countries of destination, Pakistan, with a CAGR of +522.0%, saw 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 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, growing by 21% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nitric and sulphonitric acids export price increased by +73.3% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 73% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nitric Acid And Sulphonitric Acids

Imports into the Netherlands

In 2021, approx. X tons of nitric acid and sulphonitric acids were imported into the Netherlands; rising by 72% compared with 2020. Overall, imports, however, continue to indicate a slight setback. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and Canada (X tons) were the main suppliers of nitric and sulphonitric acids imports to the Netherlands, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +48.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) constituted the largest supplier of nitric acid and sulphonitric acids to the Netherlands, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 29% share of total imports. It was followed by Canada, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.8% per year) and Canada (+21.5% per year).

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, falling by -10.4% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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