Eastern Asia: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Eastern Asia

In 2021, the East Asian hydrogen fluoride market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Hydrogen Fluoride Production in Eastern Asia

In value terms, hydrogen fluoride production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 24%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports in Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of hydrogen fluoride (hydrofluoric acid), when their volume increased by 12% to X tons. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 72% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 45%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 87% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), creating a 6.9% share of total exports. The following exporters - Japan (X tons) and South Korea (X tons) - together made up 5.8% of total exports.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, South Korea (+28.2%) and Taiwan (Chinese) (+21.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +28.2% from 2012-2021. By contrast, Japan (-8.8%) illustrated a downward trend over the same period. Taiwan (Chinese) (+5.2 p.p.) and South Korea (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -8.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hydrogen fluoride supplier in Eastern Asia, comprising 82% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.7% share of total exports. It was followed by Japan, with a 6% share.

In China, hydrogen fluoride exports increased at an average annual rate of +4.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+21.6% per year) and Japan (-6.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 17% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 45% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the other leaders experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of hydrogen fluoride (hydrofluoric acid), when their volume increased by 16% to X tons. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen fluoride imports skyrocketed to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) represented the main importers of hydrogen fluoride (hydrofluoric acid) in 2021, accounting for near 44% and 32% of total imports, respectively. It was distantly followed by Taiwan (Chinese) (X tons), committing a 21% share of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen fluoride importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 94% share of total imports. These countries were followed by China, which accounted for a further 5.8%.

Among the main importing countries, China, with a CAGR of +21.1%, saw the highest rates of growth with regard to the value of imports, 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, rising by 9.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 31%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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