Eastern Europe: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Eastern Europe

The East European sulphuric acid market dropped to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Sulphuric Acid Production in Eastern Europe

In value terms, sulphuric acid production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level in 2022 and is likely to see steady growth in years to come.

Sulphuric Acid Exports

Exports in Eastern Europe

In 2022, overseas shipments of sulphuric acid and oleum increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Bulgaria (X tons) represented the key exporter of sulphuric acid and oleum, making up X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%). The Czech Republic (X tons) followed a long way behind the leaders.

Bulgaria was also the fastest-growing in terms of the sulphuric acid and oleum exports, with a CAGR of X% from 2012 to 2022. At the same time, the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while Poland and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Bulgaria, sulphuric 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: Poland (X% per year) and Russia (X% per year).

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 showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($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.

Sulphuric Acid Imports

Imports in Eastern Europe

In 2022, imports of sulphuric acid and oleum in Eastern Europe was estimated at X tons, surging by X% on the previous year's figure. Total imports indicated a perceptible 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. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sulphuric acid imports soared to $X in 2022. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of sulphuric acid imports in 2022 were Slovakia (X tons), Romania (X tons) and the Czech Republic (X tons), together amounting to X% of total import. It was distantly followed by Lithuania (X tons), Belarus (X tons) and Poland (X tons), together constituting a X% share of total imports. Hungary (X tons) and Ukraine (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 main importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphuric acid importing markets in Eastern Europe were the Czech Republic ($X), Slovakia ($X) and Romania ($X), with a combined X% share of total imports. Belarus, Poland, Lithuania, Hungary and Ukraine lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached 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 Poland ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform