Slovenia: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Slovenia

In 2022, the Slovene phosphoric acid market increased by 16% to $X, rising for the fourth consecutive year after four years of decline. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +92.3% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Phosphoric Acid Exports

Exports from Slovenia

In 2022, exports of phosphoric acid and polyphosphoric acids from Slovenia soared to X tons, jumping by 25% against 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 315%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, phosphoric acid exports soared to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 326%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Austria (X tons) was the main destination for phosphoric acid exports from Slovenia, accounting for a 75% share of total exports. Moreover, phosphoric acid exports to Austria exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Austria amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+114.9% per year) and Italy (+28.0% per year).

In value terms, Austria ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Slovenia, comprising 51% of total exports. The second position in the ranking was held by Italy ($X), with a 16% share of total exports. It was followed by Croatia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Austria stood at +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+52.3% per year) and Croatia (+88.2% per year).

Export Prices by Country

In 2022, the average phosphoric acid export price amounted to $X per ton, jumping by 134% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($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 Italy (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Slovenia

After three years of growth, purchases abroad of phosphoric acid and polyphosphoric acids decreased by -4.9% to X tons in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank slightly in the following year.

In value terms, phosphoric acid imports surged to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Serbia (X tons) constituted the largest supplier of phosphoric acid to Slovenia, with a 86% share of total imports. Moreover, phosphoric acid imports from Serbia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Israel (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia stood at +67.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+152.2% per year) and Israel (-8.2% per year).

In value terms, Serbia ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Slovenia, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Israel, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from Serbia stood at +83.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+123.4% per year) and Israel (+2.1% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, picking up by 106% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform