Belgium: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Belgium

In 2021, the Belgian hydrogen fluoride market decreased by -23.9% to $X, falling for the third consecutive year after four years of growth. In general, consumption saw a slight reduction. Hydrogen fluoride consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Hydrogen Fluoride Production in Belgium

In value terms, hydrogen fluoride production dropped to $X in 2021 estimated in export price. In general, production recorded a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports from Belgium

In 2021, exports of hydrogen fluoride (hydrofluoric acid) from Belgium skyrocketed to X tons, with an increase of 159% compared with 2020 figures. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen fluoride exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for hydrogen fluoride exports from Belgium, with a 84% share of total exports. Moreover, hydrogen fluoride exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+95.0% per year) and Italy (+34.6% per year).

In value terms, the largest markets for hydrogen fluoride exported from Belgium were Germany ($X), Italy ($X) and Spain ($X), with a combined 85% share of total exports.

Among the main countries of destination, Spain, with a CAGR of +74.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hydrogen fluoride export price amounted to $X per ton, with a decrease of -39.4% against the previous year. In general, the export price showed a slight descent. The pace of growth was the most pronounced in 2013 an increase of 35%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports into Belgium

In 2021, overseas purchases of hydrogen fluoride (hydrofluoric acid) increased by 12% to X tons, rising for the second year in a row after two years of decline. 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 in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 34% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hydrogen fluoride imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of hydrogen fluoride imports to Belgium, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +75.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen fluoride suppliers to Belgium were Spain ($X), Germany ($X) and Italy ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +58.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, with a decrease of -5.2% against the previous year. In general, the import price saw a slight descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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