Denmark: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Denmark

The Danish hydrogen chloride market soared to $X in 2021, picking up by 30% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hydrogen Chloride Production in Denmark

In value terms, hydrogen chloride production reached $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 393%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Hydrogen Chloride Exports

Exports from Denmark

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) decreased by -35% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 826%. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell remarkably in the following year.

In value terms, hydrogen chloride exports declined dramatically to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 397%. The exports peaked at $X in 2020, and then fell notably in the following year.

Exports by Country

Norway (X tons) was the main destination for hydrogen chloride exports from Denmark, accounting for a 97% share of total exports. It was followed by Sweden (X tons), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-19.8% per year) and the UK (+33.9% per year).

In value terms, Norway ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Denmark, comprising 91% of total exports. The second position in the ranking was taken by Sweden ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway stood at +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-14.8% per year) and the UK (+31.8% per year).

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, declining by -23.8% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 20%. The export price peaked at $X per ton in 2014; however, from 2015 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 Sweden ($X per ton), while the average price for exports to Norway ($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 Sweden (+6.2%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into Denmark

After four years of growth, supplies from abroad of hydrogen chloride (hydrochloric acid) decreased by -9% to X tons in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 42%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, hydrogen chloride imports rose to $X in 2021. The total import value increased at an average annual rate of +6.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) was the main supplier of hydrogen chloride to Denmark, with a 97% share of total imports. It was followed by the United States (X tons), with a 1.6% share of total imports. Sweden (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.0% per year) and Sweden (-23.9% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Denmark, comprising 92% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.7% share of total imports. It was followed by Sweden, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.8% per year) and Sweden (-13.4% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2014 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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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