CIS: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in CIS

The CIS hydrogen chloride market totaled $X in 2021, approximately equating the previous year. Overall, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Chloride Production in CIS

In value terms, hydrogen chloride production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hydrogen Chloride Exports

Exports in CIS

Hydrogen chloride exports fell modestly to X tons in 2021, reducing by -1.9% against the year before. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hydrogen chloride exports contracted to $X in 2021. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Russia (X tons) represented the largest exporter of hydrogen chloride (hydrochloric acid), comprising 86% of total exports. It was distantly followed by Kazakhstan (X tons), creating a 12% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -10.1% from 2012 to 2021. At the same time, Kazakhstan (+8.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +8.5% from 2012-2021. By contrast, Uzbekistan (-11.1%) illustrated a downward trend over the same period. While the share of Kazakhstan (+9.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest hydrogen chloride supplier in the CIS, comprising 90% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 7.5% share of total exports.

In Russia, hydrogen chloride exports shrank by an average annual rate of -14.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+7.5% per year) and Uzbekistan (-9.2% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, waning by -3.4% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the export price increased by 27%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.1%), while the other leaders experienced a decline in the export price figures.

Hydrogen Chloride Imports

Imports in CIS

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were imported in the CIS; surging by 12% compared with the previous year's figure. Over the period under review, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 34%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, hydrogen chloride imports rose notably to $X in 2021. In general, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 21%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of hydrogen chloride imports in 2021 were Russia (X tons), Kazakhstan (X tons) and Azerbaijan (X tons), together amounting to 91% of total import. It was distantly followed by Armenia (X tons), constituting a 7.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Armenia (with a CAGR of +19.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest hydrogen chloride importing markets in the CIS were Azerbaijan ($X), Kazakhstan ($X) and Russia ($X), together accounting for 77% of total imports. These countries were followed by Armenia, which accounted for a further 11%.

Armenia, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Armenia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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