In 2023, the global export landscape for nitric acid and sulphonitric acids showed South Korea leading the market share with significant year-on-year growth of 2.16%. Countries like China, Spain, and Brazil also experienced notable increases exceeding 3%. Conversely, Germany, Sweden, and Egypt faced declines, with Sweden seeing a steep drop of over 13%. Chile's exports surged by 23.51%, illustrating dynamic shifts within smaller markets. The compound annual growth rate over the last five years suggests ongoing volatility with strong performances by newly emerging markets.
Future trends to watch include increased export activities from Asia, particularly China and India, driven by growing industrial demand. Additionally, focus on environmentally sustainable production techniques may influence global trade in nitric and sulphonitric acids, impacting country-specific export volumes and values.
Top countries in Export of Nitric Acid, Sulphonitric Acids Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 27.4 | 2023 | +2.94% | +2.16% | View data |
| 2 | 2 Belgium | 15.24 | 2023 | -0.046% | -0.39% | View data |
| 3 | 3 Germany | 8.88 | 2023 | -1.71% | -1.86% | View data |
| 4 | 4 United States | 7.31 | 2023 | +1.4% | +2.88% | View data |
| 5 | 5 France | 5.95 | 2023 | +2.51% | +2.47% | View data |
| 6 | 6 China | 5.28 | 2023 | +5% | +3.31% | View data |
| 7 | 7 Norway | 3.64 | 2023 | +6.28% | +1.83% | View data |
| 8 | 8 Canada | 2.99 | 2023 | +1.37% | +2.99% | View data |
| 9 | 9 Portugal | 2.91 | 2023 | +1.67% | +1.92% | View data |
| 10 | 10 Netherlands | 2.63 | 2023 | -0.75% | +0.03% | View data |
