Greece - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Greece - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Nitric and Sulphonitric Acids in Greece - 2023

Contents:

  1. Price for Nitric and Sulphonitric Acids in Greece (CIF) - 2022
  2. Price for Nitric and Sulphonitric Acids in Greece (FOB) - 2022
  3. Imports of Nitric and Sulphonitric Acids in Greece
  4. Exports of Nitric and Sulphonitric Acids in Greece

Price for Nitric and Sulphonitric Acids in Greece (CIF) - 2022

The average nitric and sulphonitric acids import price stood at $360 per ton in 2021, surging by 35% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $444 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 the Netherlands ($596 per ton), while the price for Bulgaria ($220 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nitric and Sulphonitric Acids in Greece (FOB) - 2022

In 2021, the average nitric and sulphonitric acids export price amounted to $602 per ton, picking up by 65% against the previous year. In general, the export price posted a modest increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($2,873 per ton), while the average price for exports to North Macedonia ($395 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 North Macedonia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nitric and Sulphonitric Acids in Greece

In 2022, the amount of nitric acid and sulphonitric acids imported into Greece rose to 3.4K tons, surging by 2.9% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, nitric and sulphonitric acids imports fell to $1.1M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $1.2M, and then contracted in the following year.

Import of Nitric and Sulphonitric Acids in Greece (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Netherlands18827636539.3%
Bulgaria23328328911.4%
Hungary15116728537.4%
Belgium174119151-6.8%
Romania18.318.930.228.5%
Israel140N/AN/A0%
Others73.666.069.0-3.2%
Total9789301,19010.3%

Top Suppliers of Nitric and Sulphonitric Acids to Greece in 2022:

  1. Bulgaria (1315.5 tons)
  2. Hungary (934.5 tons)
  3. Netherlands (612.6 tons)
  4. Belgium (277.4 tons)
  5. Romania (92.5 tons)

Exports of Nitric and Sulphonitric Acids in Greece

Nitric and sulphonitric acids exports from Greece reduced to 110 tons in 2022, waning by -13.6% compared with 2021 figures. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 38%.

In value terms, nitric and sulphonitric acids exports reduced remarkably to $55K in 2022. Over the period under review, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 126% against the previous year. As a result, the exports attained the peak of $77K, and then contracted remarkably in the following year.

Export of Nitric and Sulphonitric Acids in Greece (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
North Macedonia15.510.930.640.5%
RomaniaN/A0.123.423300.0%
Cyprus20.611.012.8-21.2%
Albania13.38.57.7-23.9%
Slovenia2.72.42.1-11.8%
Others0.21.10.20.0%
Total52.433.976.821.1%

Top Export Markets for Nitric and Sulphonitric Acids from Greece in 2022:

  1. North Macedonia (77.5 tons)
  2. Cyprus (22.3 tons)
  3. Albania (15.5 tons)
  4. Romania (8.1 tons)
  5. Slovenia (3.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20151050 - Nitric acid, sulphonitric acids

Country coverage:

  • Greece

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Greece
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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