Australia: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Australia

In 2021, the Australian hydrogen chloride market decreased by -4.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a pronounced downturn. Hydrogen chloride consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Chloride Production in Australia

In value terms, hydrogen chloride production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Hydrogen Chloride Exports

Exports from Australia

Hydrogen chloride exports from Australia dropped markedly to X tons in 2021, declining by -49.1% against the year before. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 121% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports contracted markedly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 95% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for hydrogen chloride exports from Australia, accounting for a 79% share of total exports. Moreover, hydrogen chloride exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+12.2% per year) and New Caledonia (-42.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Australia, comprising 80% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+5.7% per year) and New Caledonia (-43.2% per year).

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, increasing by 51% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen chloride export price increased by +59.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to New Caledonia ($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 New Caledonia (-0.5%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into Australia

In 2021, supplies from abroad of hydrogen chloride (hydrochloric acid) decreased by -49.2% to X tons, falling for the third year in a row after seven years of growth. Overall, imports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2013 with an increase of 63%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hydrogen chloride imports shrank notably to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 40%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest hydrogen chloride supplier to Australia, with a 60% share of total imports. Moreover, hydrogen chloride imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Thailand (+3.8% per year).

In value terms, the largest hydrogen chloride suppliers to Australia were Malaysia ($X), Thailand ($X) and China ($X), with a combined 87% share of total imports.

China, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, growing by 53% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen chloride import price increased by +95.8% against 2014 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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