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Sulphuric Acid Market

Sulphuric acid market: discover the most recent information provided by an Ai-driven market research platform. Data include consumption, exports, market prices, market size, companies, production, trade, and imports. There is a split by country, including EU, the U.S., Africa, Latin America, the U.K., Russia, China, and the Middle East. Market dynamics and forecast to 2030 are also provided in the reports.

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Sulphuric Acid - World's Largest Markets

Rating	Country
1	China
2	United States
3	Nigeria
4	United Kingdom
5	India

In value terms, China, the United States and Nigeria appeared to be the countries with the highest levels of market value in 2021, with a combined 43% share of the global market. These countries were followed by the UK, India, Russia, Pakistan, Chile, Japan, Mexico and Morocco, which together accounted for a further 23%.

In terms of the main consuming countries, Morocco saw the highest growth rate of market size, over the period under review, while sulphuric acid market for the other global leaders experienced more modest paces of growth.

Sulphuric Acid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Bulgaria	51	22	19	-39.0%
Japan	64	32	29	-32.7%
South Korea	77	40	34	-33.6%
Spain	70	41	34	-30.3%
China	46	45	38	-9.1%
Poland	52	47	40	-12.3%
Belgium	93	49	41	-33.6%
Philippines	47	38	43	-4.3%
Germany	71	55	47	-18.6%
Sweden	84	58	49	-23.6%
Mexico	60	69	56	-3.4%
Peru	95	69	58	-21.9%
Canada	90	79	70	-11.8%
Average	80	61	46	-24.3%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($70 per ton), while Bulgaria ($19 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Democratic Republic of the Congo	186	204	189	0.8%
Chile	72	70	128	33.3%
France	120	114	105	-6.5%
United States	93	77	80	-7.3%
Netherlands	89	85	79	-5.8%
Germany	82	86	79	-1.8%
India	67	69	64	-2.3%
Philippines	46	37	58	12.3%
Brazil	62	60	55	-5.8%
China	80	57	53	-18.6%
Spain	62	57	52	-8.4%
Turkey	39	39	32	-9.4%
Morocco	38	32	30	-11.1%
Average	78	73	78	-0.2%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Democratic Republic of the Congo ($189 per ton), while Morocco ($30 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Chile, while the other global leaders experienced more modest paces of growth.

Sulphuric Acid - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Chile	0.2	0.2	0.4	22.9%
United States	0.3	0.3	0.3	-2.7%
India	0.1	0.06	0.2	24.4%
Democratic Republic of the Congo	0.2	0.1	0.2	-6.4%
Philippines	0.07	0.02	0.08	14.2%

In value terms, Chile ($364M), the United States ($260M) and India ($171M) appeared to be the countries with the highest levels of imports in 2021, together accounting for 44% of global imports. These countries were followed by Democratic Republic of the Congo, the Philippines, Morocco, France, Germany, the Netherlands, China, Brazil, Turkey and Spain, which together accounted for a further 31%.

The Netherlands saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Sulphuric Acid - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
South Korea	0.2	0.1	0.2	-13.3%
Canada	0.2	0.2	0.1	-14.7%
Germany	0.06	0.06	0.1	31.2%
Peru	0.1	0.09	0.1	-6.0%
Japan	0.2	0.08	0.09	-26.5%

In value terms, South Korea ($161M), Canada ($134M) and Germany ($109M) constituted the countries with the highest levels of exports in 2021, together comprising 30% of global exports. These countries were followed by Peru, Japan, China, Spain, Belgium, Mexico, Bulgaria, Sweden, Poland and the Philippines, which together accounted for a further 45%.

Among the main exporting countries, Poland saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Sulphuric Acid - Market Forecast

The sulphuric acid market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.4% for the nine-year period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.