The global export landscape for nitric acid and sulphonitric acids in 2023 saw South Korea dominate with a significant share, followed by Belgium and Germany. A prominent upward trend was observed in countries like Chile and Slovenia, which recorded robust growth rates. Norway and Finland also showed impressive increment percentages, marking them as significant contributors. In contrast, exports from Malaysia, Japan, and Canada experienced notable declines. Over the past five years, the industry has seen moderate growth, with fluctuations in certain countries that could impact overall trends.
Key future trends to monitor include the technological advancements in production processes, regulatory changes affecting chemical exports, and increased demand from emerging markets. Keeping a close eye on geopolitical factors and economic policies of leading and potentially rising exporters will be essential for anticipating shifts in global market dynamics.
Top countries in Export of Nitric Acid, Sulphonitric Acids Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 42.96 | 2023 | +3.97% | +3.53% | View data |
| 2 | 2 Belgium | 19.09 | 2023 | +1.16% | +1.78% | View data |
| 3 | 3 Germany | 7.79 | 2023 | -5.06% | -4.54% | View data |
| 4 | 4 Norway | 7.73 | 2023 | +6.32% | +4.02% | View data |
| 5 | 5 Netherlands | 3.45 | 2023 | -0.088% | -1.06% | View data |
| 6 | 6 France | 3.39 | 2023 | +0.86% | +3.27% | View data |
| 7 | 7 Portugal | 3.22 | 2023 | +1.35% | +2.01% | View data |
| 8 | 8 China | 2.86 | 2023 | +4.93% | +2.87% | View data |
| 9 | 9 United States | 2.19 | 2023 | +0.31% | +1.06% | View data |
| 10 | 10 Czech Republic | 2.15 | 2023 | -3.92% | -8.36% | View data |
