CIS: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in CIS

In 2021, after three years of decline, there was significant growth in the CIS hydrogen fluoride market, when its value increased by 5% to $X. Over the period under review, consumption saw a perceptible decrease. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Hydrogen Fluoride Production in CIS

In value terms, hydrogen fluoride production expanded markedly to $X in 2021 estimated in export price. Overall, production recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of 19%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports in CIS

In 2021, overseas shipments of hydrogen fluoride (hydrofluoric acid) decreased by -39.3% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a significant contraction. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hydrogen fluoride exports declined remarkably to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 66% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan was the largest exporting country with an export of around X tons, which amounted to 87% of total exports. It was distantly followed by Russia (X tons), achieving a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hydrogen fluoride exports from Kazakhstan stood at -21.4%. Russia (-3.1%) illustrated a downward trend over the same period. Russia (+11 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -11.1% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest hydrogen fluoride supplier in the CIS, comprising 70% of total exports. The second position in the ranking was held by Russia ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -21.5%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2017 when the export price increased by 20% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.2%).

Hydrogen Fluoride Imports

Imports in CIS

In 2021, the amount of hydrogen fluoride (hydrofluoric acid) imported in the CIS dropped dramatically to X tons, shrinking by -32.5% compared with 2020. Overall, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 67%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen fluoride imports shrank notably to $X in 2021. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the main importing country with an import of about X tons, which accounted for 63% of total imports. Belarus (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons) and Uzbekistan (X tons). All these countries together took approx. 36% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hydrogen fluoride imports into Russia stood at -25.0%. Kazakhstan experienced a relatively flat trend pattern. Belarus (-12.6%) and Uzbekistan (-16.5%) illustrated a downward trend over the same period. Belarus (+14 p.p.), Kazakhstan (+8.1 p.p.) and Uzbekistan (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -25.3% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported hydrogen fluoride (hydrofluoric acid) in the CIS, comprising 63% of total imports. The second position in the ranking was taken by Belarus ($X), with a 22% share of total imports. It was followed by Uzbekistan, with a 6.6% share.

In Russia, hydrogen fluoride imports shrank by an average annual rate of -20.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-14.8% per year) and Uzbekistan (-10.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, surging by 10% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen fluoride import price decreased by -7.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 50% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 Uzbekistan ($X per ton), while Kazakhstan ($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 (+7.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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