Angola: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Angola

The Angolan hydrogen chloride market fell significantly to $X in 2021, reducing by -21.7% against the previous year. In general, consumption recorded a pronounced decrease. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Hydrogen Chloride Production in Angola

In value terms, hydrogen chloride production plummeted to $X in 2021 estimated in export price. In general, production showed a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by 81% against the previous year. Hydrogen chloride production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hydrogen Chloride Exports

Exports from Angola

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were exported from Angola; increasing by 23% compared with the year before. Overall, exports posted prominent growth. The growth pace was the most rapid in 2018 when exports increased by 9,474%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, hydrogen chloride exports soared to $X in 2021. In general, exports posted a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 10,368% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Congo (X tons) and Mozambique (X tons) were the main destinations of hydrogen chloride exports from Angola.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +156.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hydrogen chloride exported from Angola were Democratic Republic of the Congo ($X), Congo ($X) and Mozambique ($X).

Mozambique, with a CAGR of +123.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price, however, recorded a deep setback. The growth pace was the most rapid in 2014 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Chloride Imports

Imports into Angola

In 2021, imports of hydrogen chloride (hydrochloric acid) into Angola soared to X tons, jumping by 52% on the previous year's figure. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen chloride imports surged to $X in 2021. In general, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 122% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of hydrogen chloride to Angola, with a 73% share of total imports. Moreover, hydrogen chloride imports from Portugal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold. The third position in this ranking was taken by Belgium (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal totaled +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-26.2% per year) and Belgium (-15.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Angola, comprising 71% of total imports. The second position in the ranking was held by India ($X), with a 4.1% share of total imports. It was followed by Congo, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.7% per year) and Congo (+6.5% per year).

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, increasing by 19% against the previous year. Over the period under review, the import price recorded a slight increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 160%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Congo ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :