In 2023, South Korea led the global export of nitric acid and sulphonitric acids, with a significant volume of 635.02 million kilograms and a year-on-year growth of 3.53%. Belgium and Germany followed, with Germany experiencing a notable decline of 4.54%. Among rising exporters, Finland and Chile showed remarkable growth rates of 5.78% and 20.7%, respectively. Conversely, countries like Malaysia and Canada saw significant declines of 14.76% and 29.73%.
Future trends to monitor include:
- Technological advancements that may influence production efficiencies.
- Environmental regulations impacting production and export patterns.
- Geopolitical factors affecting trade relations and agreements.
- The potential for emerging markets to increase their export capacities.
Top countries in Export of Nitric Acid, Sulphonitric Acids by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 635,020,000 | 2023 | +3.97% | +3.53% | View data |
| 2 | 2 Belgium | 282,200,000 | 2023 | +1.16% | +1.78% | View data |
| 3 | 3 Germany | 115,150,000 | 2023 | -5.06% | -4.54% | View data |
| 4 | 4 Norway | 114,240,000 | 2023 | +6.32% | +4.02% | View data |
| 5 | 5 Netherlands | 51,004,000 | 2023 | -0.088% | -1.06% | View data |
| 6 | 6 France | 50,120,000 | 2023 | +0.86% | +3.27% | View data |
| 7 | 7 Portugal | 47,637,000 | 2023 | +1.35% | +2.01% | View data |
| 8 | 8 China | 42,335,000 | 2023 | +4.93% | +2.87% | View data |
| 9 | 9 United States | 32,391,000 | 2023 | +0.31% | +1.06% | View data |
| 10 | 10 Czech Republic | 31,740,000 | 2023 | -3.92% | -8.36% | View data |
