Netherlands: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in the Netherlands

In 2022, the Dutch sulphuric acid market decreased by -6.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Sulphuric Acid Production in the Netherlands

In value terms, sulphuric acid production soared to $X in 2022 estimated in export price. In general, production saw a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 502%. Sulphuric acid production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sulphuric Acid Exports

Exports from the Netherlands

In 2022, overseas shipments of sulphuric acid and oleum were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for sulphuric acid exports from the Netherlands, accounting for a 61% share of total exports. Moreover, sulphuric acid exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.6% per year) and France (-1.7% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the largest markets for sulphuric acid exported from the Netherlands worldwide, together comprising 83% of total exports.

Germany, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, surging by 7.1% against the previous year. Overall, the export price showed moderate growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($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 Cuba (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into the Netherlands

In 2022, overseas purchases of sulphuric acid and oleum increased by 1.8% to X tons, rising for the fourth year in a row after six years of decline. Over the period under review, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphuric acid imports soared to $X in 2022. In general, imports saw a measured expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 96%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of sulphuric acid imports to the Netherlands, with a combined 95% share of total imports. Poland lagged somewhat behind, comprising a further 1.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +43.2%), while imports for the other leaders experienced a decline.

In value terms, the largest sulphuric acid suppliers to the Netherlands were Germany ($X), Belgium ($X) and France ($X), together accounting for 90% of total imports. These countries were followed by Poland, which accounted for a further 1.8%.

Poland, with a CAGR of +46.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 sulphuric acid import price amounted to $X per ton, with an increase of 23% against the previous year. Overall, the import price posted resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 64%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Poland ($X per ton), while the price for Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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