Sulphuric acid: oleum

In 2024, sulphuric acid: oleum trade exhibited strong growth, with global flows reaching $2,140,528,416 and a three-year compound annual growth rate of +5.0% (five-year: +5.6%). The all-time peak of $3,291,699,053 was recorded in 2022; the current level is 35% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-1.7% acceleration).

The World Trade Flows Characterization classifies sulphuric acid: oleum as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.056). The three largest exporters — China ($274.4M), Canada ($219.9M), and South Korea ($155.0M) — collectively dominate supply flows. The leading exporter has grown at -6.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.082). The three largest import markets are United States ($385.4M), Chile ($352.7M), and DR Congo ($211.9M). The largest importing market sources from 30 different supplying countries.

The dominant trade corridor is Canada → United States at $214.8M, representing 55.7% of the importer's total demand.

The volatility score for sulphuric acid: oleum is 25 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.