The analysis of European sold production of nitric acid and sulphonitric acids highlights Germany as the leading producer with a value of 102.66 million Euros in 2023. Germany shows a positive year-on-year growth of 1.92%. Poland and Spain also display incremental increases at 2.94% and 2.14% respectively, alongside significant rises in Finland at 11.98% and Portugal with an impressive 14.85%. Conversely, France and Italy experienced notable declines, at -10.81% and -26.8% respectively.
Future trends to watch for include:
-Potential recovery in Italy and France as global demand potentially stabilizes.
-The continued growth in emerging European markets such as Finland and Portugal.
-Impact of environmental regulations and decarbonization efforts which might influence production levels and shift towards more sustainable alternatives.
Top countries in Sold Production of Nitric Acid, Sulphonitric Acids by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 102,660,000 | 2023 | +5.18% | +1.92% | View data |
| 2 | 2 Belgium | 48,530,000 | 2023 | +5.02% | -0.4% | View data |
| 3 | 3 Poland | 31,787,000 | 2023 | +2.35% | +2.94% | View data |
| 4 | 4 France | 30,202,000 | 2023 | -8.17% | -10.81% | View data |
| 5 | 5 Spain | 19,563,000 | 2023 | +10.29% | +2.14% | View data |
| 6 | 6 Czechia | 9,518,900 | 2023 | |||
| 7 | 7 Finland | 6,365,400 | 2023 | +29.04% | +11.98% | View data |
| 8 | 8 Portugal | 2,614,700 | 2023 | +20.19% | +14.85% | View data |
| 9 | 9 Lithuania | 1,284,800 | 2023 | +4.49% | +5.94% | View data |
| 10 | 10 Denmark | 990,990 | 2023 | +2.53% | +2.97% | View data |
