Brazil: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Brazil

In 2021, the Brazilian hydrogen chloride market increased by 4.6% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a pronounced curtailment. Hydrogen chloride consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hydrogen Chloride Production in Brazil

In value terms, hydrogen chloride production expanded slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Hydrogen Chloride Exports

Exports from Brazil

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) increased by 37% to X tons, rising for the fourth consecutive year after four years of decline. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 455%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, hydrogen chloride exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 328%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for hydrogen chloride exports from Brazil, accounting for a 38% share of total exports. Moreover, hydrogen chloride exports to the Netherlands exceeded the volume sent to the second major destination, Uruguay (X tons), twofold. The third position in this ranking was held by Paraguay (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +357.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+52.3% per year) and Paraguay (-7.9% per year).

In value terms, the largest markets for hydrogen chloride exported from Brazil were the Netherlands ($X), Paraguay ($X) and Uruguay ($X), together accounting for 52% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +618.1%, saw 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

The average hydrogen chloride export price stood at $X per ton in 2021, with an increase of 5.5% against the previous year. In general, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 317% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Uruguay ($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 Netherlands (+56.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Brazil

In 2021, the amount of hydrogen chloride (hydrochloric acid) imported into Brazil surged to X tons, with an increase of 60% on the previous year. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 961%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, hydrogen chloride imports rose remarkably to $X in 2021. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 228%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Uruguay (X tons), Argentina (X tons) and Germany (X tons) were the main suppliers of hydrogen chloride imports to Brazil, together comprising 91% of total imports. These countries were followed by Spain, Mexico, Belgium and the United States, which together accounted for a further 7.6%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +190.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen chloride suppliers to Brazil were Uruguay ($X), Argentina ($X) and Germany ($X), with a combined 85% share of total imports. These countries were followed by the United States, Mexico, Belgium and Spain, which together accounted for a further 9.2%.

Among the main suppliers, Belgium, with a CAGR of +125.4%, 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

In 2021, the average hydrogen chloride import price amounted to $X per ton, waning by -28.2% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 535% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+23.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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