Asia: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Asia

In 2021, the Asian hydrogen fluoride market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 9.7%. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Fluoride Production in Asia

In value terms, hydrogen fluoride production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports in Asia

In 2021, overseas shipments of hydrogen fluoride (hydrofluoric acid) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 71%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2021. Total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 44%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 85% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), creating a 6.7% share of total exports. Japan (X tons), South Korea (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, South Korea (+28.2%), Taiwan (Chinese) (+21.5%) and Singapore (+1.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.2% from 2012-2021. By contrast, Japan (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Taiwan (Chinese), China and South Korea increased by +5.1, +2.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hydrogen fluoride supplier in Asia, comprising 79% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.5% share of total exports. It was followed by Japan, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +4.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+21.6% per year) and Japan (-6.5% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 44% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the other leaders experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports in Asia

In 2021, purchases abroad of hydrogen fluoride (hydrofluoric acid) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports skyrocketed to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) represented roughly 63% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 17% share of total imports. Malaysia (X tons), Thailand (X tons), China (X tons) and Singapore (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen fluoride importing markets in Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising 81% of total imports. China, Singapore, Malaysia and Thailand lagged somewhat behind, together accounting for a further 13%.

China, with a CAGR of +21.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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