Eastern Europe: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Eastern Europe

The East European phosphoric acid market reduced to $X in 2022, falling by X% against the previous year. The total consumption indicated temperate growth 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Phosphoric Acid Production in Eastern Europe

In value terms, phosphoric acid production fell modestly to $X in 2022 estimated in export price. Overall, production saw a tangible increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Phosphoric Acid Exports

Exports in Eastern Europe

Phosphoric acid exports dropped remarkably to X tons in 2022, which is down by X% against the previous year. Total exports indicated a notable expansion 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. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, phosphoric acid exports shrank rapidly to $X in 2022. Total exports indicated tangible growth 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. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

The Czech Republic represented the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Poland (X tons), achieving a X% share of total exports. Hungary (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to phosphoric acid exports from the Czech Republic stood at X%. At the same time, Hungary (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) and Poland (X p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest phosphoric acid supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In Poland, phosphoric acid exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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 Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the export price figures.

Phosphoric Acid Imports

Imports in Eastern Europe

In 2022, phosphoric acid imports in Eastern Europe dropped to X tons, standing approx. at the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

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

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Hungary (X tons), Ukraine (X tons), the Czech Republic (X tons) and Romania (X tons), together comprising a X% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

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

In value terms, the largest phosphoric acid importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), with a combined X% share of total imports. The Czech Republic, Romania, Ukraine and Bulgaria lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price posted a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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