Southern Asia: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Southern Asia

The South Asian nitric and sulphonitric acids market declined to $X in 2022, which is down by X% against the previous year. The market 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 throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Nitric Acid And Sulphonitric Acids in Southern Asia

In value terms, nitric and sulphonitric acids production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Nitric Acid And Sulphonitric Acids

Exports in Southern Asia

Nitric and sulphonitric acids exports declined remarkably to X tons in 2022, falling by X% against 2021. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, nitric and sulphonitric acids exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by X percentage points.

In value terms, India ($X) remains the largest nitric and sulphonitric acids supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, nitric and sulphonitric acids exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price enjoyed a notable expansion. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Nitric Acid And Sulphonitric Acids

Imports in Southern Asia

In 2022, the amount of nitric acid and sulphonitric acids imported in Southern Asia soared to X tons, increasing by X% against the previous year. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, nitric and sulphonitric acids imports surged to $X in 2022. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

India dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%). The following importers - Bangladesh (X tons) and Nepal (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the nitric acid and sulphonitric acids imports, with a CAGR of X% from 2012 to 2022. At the same time, Nepal (X%), Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. By contrast, Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal, Bangladesh, Sri Lanka and Pakistan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported nitric acid and sulphonitric acids in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, nitric and sulphonitric acids imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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