Eastern Europe: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Eastern Europe

In 2022, the East European nitric and sulphonitric acids market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Nitric Acid And Sulphonitric Acids in Eastern Europe

In value terms, nitric and sulphonitric acids production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Exports of Nitric Acid And Sulphonitric Acids

Exports in Eastern Europe

In 2022, shipments abroad of nitric acid and sulphonitric acids increased by X% to X tons, rising for the second consecutive year after six years of decline. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports soared to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. Over the period under review, the exports hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

The Czech Republic represented the key exporter of nitric acid and sulphonitric acids in Eastern Europe, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Slovakia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%), Russia (X%), Hungary (X%) and Belarus (X%). Bulgaria (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nitric and sulphonitric acids exports from the Czech Republic stood at X%. At the same time, Belarus (X%), Bulgaria (X%), Lithuania (X%), Slovakia (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Belarus, Slovakia, Lithuania and Bulgaria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Slovakia ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Hungary, Lithuania, Belarus and Bulgaria lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Imports of Nitric Acid And Sulphonitric Acids

Imports in Eastern Europe

Nitric and sulphonitric acids imports amounted to X tons in 2022, standing approx. at 2021. Overall, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons) and Poland (X tons) represented roughly X% of total imports in 2022. Estonia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%), Romania (X%), Ukraine (X%) and Slovakia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitric and sulphonitric acids importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Estonia ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, recorded 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 import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitric and sulphonitric acids import price increased by X% against 2015 indices. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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