Chile: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Chile

In 2021, the Chilean hydrogen chloride market decreased by -1.3% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Hydrogen chloride consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hydrogen Chloride Production in Chile

In value terms, hydrogen chloride production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 15% against the previous year. Hydrogen chloride production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hydrogen Chloride Exports

Exports from Chile

In 2021, shipments abroad of hydrogen chloride (hydrochloric acid) increased by 107% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, showed a slight shrinkage. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports soared to $X in 2021. Over the period under review, exports, however, showed a slight descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Anguilla (X tons) was the main destination for hydrogen chloride exports from Chile, with a 76% share of total exports. Moreover, hydrogen chloride exports to Anguilla exceeded the volume sent to the second major destination, Guatemala (X tons), sixfold. The third position in this ranking was taken by the Dominican Republic (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Anguilla totaled +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-3.0% per year) and the Dominican Republic (+17.1% per year).

In value terms, Anguilla ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Chile, comprising 66% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 16% share of total exports. It was followed by the Dominican Republic, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Anguilla amounted to +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+0.5% per year) and the Dominican Republic (+15.1% per year).

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, picking up by 6.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 26%. 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 failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per ton) and El Salvador ($X per ton), while the average price for exports to Anguilla ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Chloride Imports

Imports into Chile

In 2021, supplies from abroad of hydrogen chloride (hydrochloric acid) decreased by -33.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 374%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 105% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest hydrogen chloride supplier to Chile, with a 59% share of total imports. Moreover, hydrogen chloride imports from Peru exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.2% per year) and Mexico (+7.3% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Chile, comprising 51% of total imports. The second position in the ranking was taken by Peru ($X), with a 17% share of total imports. It was followed by Mexico, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-3.7% per year) and Mexico (+9.4% per year).

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, surging by 103% against the previous year. Over the period under review, the import price showed a notable expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 181%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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