Eastern Asia: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Eastern Asia

The East Asian hydrogen chloride market expanded to $X in 2021, increasing by 3.8% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Hydrogen Chloride Production in Eastern Asia

In value terms, hydrogen chloride production rose modestly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 14%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Hydrogen Chloride Exports

Exports in Eastern Asia

Hydrogen chloride exports soared to X tons in 2021, growing by 19% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 58%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hydrogen chloride exports surged to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.6% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the four major exporters of hydrogen chloride (hydrochloric acid), namely China, Japan, South Korea and Taiwan (Chinese), represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest hydrogen chloride supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+17.0% per year) and South Korea (-5.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 4.3% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 69%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.1%), while the other leaders experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports in Eastern Asia

In 2021, after three years of growth, there was significant decline in purchases abroad of hydrogen chloride (hydrochloric acid), when their volume decreased by -21.3% to X tons. Total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 44%. The volume of import peaked at X tons in 2020, and then declined dramatically in the following year.

In value terms, hydrogen chloride imports stood at $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.4% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) represented the key importer of hydrogen chloride (hydrochloric acid), making up 74% of total imports. China (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took approx. 25% share of total imports.

South Korea was also the fastest-growing in terms of the hydrogen chloride (hydrochloric acid) imports, with a CAGR of +4.4% from 2012 to 2021. Taiwan (Chinese) (-2.2%) and China (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea increased by +16 percentage points.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

China, with a CAGR of +11.5%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 32% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen chloride import price increased by +54.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :