Spain: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Spain

The Spanish sulphuric acid market skyrocketed to $X in 2022, picking up by 43% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +74.8% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sulphuric Acid Production in Spain

In value terms, sulphuric acid production soared to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sulphuric Acid Exports

Exports from Spain

In 2022, the amount of sulphuric acid and oleum exported from Spain dropped to X tons, shrinking by -15% compared with 2021 figures. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 160% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Brazil (X tons), the United States (X tons) and France (X tons) were the main destinations of sulphuric acid exports from Spain, together comprising 58% of total exports. Portugal, Chile, Morocco, Argentina and Uruguay lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +175.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Portugal ($X) and France ($X) were the largest markets for sulphuric acid exported from Spain worldwide, with a combined 60% share of total exports. Brazil, Morocco, Chile, Uruguay and Argentina lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Uruguay, with a CAGR of +192.4%, 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

The average sulphuric acid export price stood at $X per ton in 2022, surging by 36% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphuric acid export price decreased by -1.1% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 43% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 the United States ($X per ton), while the average price for exports to Argentina ($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 Brazil (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into Spain

In 2022, the amount of sulphuric acid and oleum imported into Spain skyrocketed to X tons, with an increase of 26% on the year before. In general, imports posted a measured expansion. The pace of growth was the most pronounced in 2018 when imports increased by 45%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, sulphuric acid imports skyrocketed to $X in 2022. Over the period under review, imports recorded tangible growth. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of sulphuric acid imports to Spain, together comprising 85% of total imports. South Korea and India lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +170.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and South Korea ($X) appeared to be the largest sulphuric acid suppliers to Spain, with a combined 77% share of total imports. France and India lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, India, with a CAGR of +87.9%, saw 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

The average sulphuric acid import price stood at $X per ton in 2022, declining by -3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 an increase of 15%. As a result, import price attained the peak level of $X per ton, and then reduced slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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