Canada: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Canada

The Canadian hydrogen fluoride market declined to $X in 2021, falling by -13.1% against the previous year. In general, consumption recorded a mild decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Fluoride Production in Canada

In value terms, hydrogen fluoride production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 148%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports from Canada

After three years of decline, overseas shipments of hydrogen fluoride (hydrofluoric acid) increased by 55% to X tons in 2021. Over the period under review, exports, however, showed a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a significant contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for hydrogen fluoride exports from Canada, with a 96% share of total exports. It was followed by Singapore (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -29.1%.

In value terms, the United States ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from Canada, comprising 69% of total exports. The second position in the ranking was held by Singapore ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -34.0%.

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, falling by -14.5% against the previous year. In general, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-2.5%).

Hydrogen Fluoride Imports

Imports into Canada

In 2021, the amount of hydrogen fluoride (hydrofluoric acid) imported into Canada surged to X tons, jumping by 48% against the year before. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 77%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen fluoride imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 65% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest hydrogen fluoride supplier to Canada, with a 73% share of total imports. Moreover, hydrogen fluoride imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+40.8% per year) and Spain (+107.0% per year).

In value terms, the United States ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Canada, comprising 60% of total imports. The second position in the ranking was held by Mexico ($X), with a 21% share of total imports. It was followed by Spain, with a 19% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+31.5% per year) and Spain (+126.9% per year).

Import Prices by Country

In 2021, the average hydrogen fluoride import price amounted to $X per ton, shrinking by -18.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2020 an increase of 34%. As a result, import price reached the peak level of $X per ton, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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