Eastern Europe: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Eastern Europe

The East European hydrogen chloride market totaled $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Hydrogen Chloride Production in Eastern Europe

In value terms, hydrogen chloride production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hydrogen Chloride Exports

Exports in Eastern Europe

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) increased by 14% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports soared to $X in 2021. Overall, exports, however, showed a perceptible setback. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary was the main exporter of hydrogen chloride (hydrochloric acid) in Eastern Europe, with the volume of exports resulting at X tons, which was near 54% of total exports in 2021. Slovakia (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Poland (11%), the Czech Republic (8.9%), Romania (6.8%) and Russia (5.1%).

From 2012 to 2021, average annual rates of growth with regard to hydrogen chloride exports from Hungary stood at +5.1%. At the same time, the Czech Republic (+24.5%) and Slovakia (+3.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +24.5% from 2012-2021. By contrast, Poland (-4.2%), Romania (-5.6%) and Russia (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hungary, the Czech Republic and Slovakia increased by +17, +7.6 and +2.4 percentage points, respectively.

In value terms, the largest hydrogen chloride supplying countries in Eastern Europe were Hungary ($X), Slovakia ($X) and Poland ($X), with a combined 73% share of total exports.

Among the main exporting countries, Slovakia, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 48% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. 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 stood at a somewhat lower figure.

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 ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+10.8%), while the other leaders experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports in Eastern Europe

Hydrogen chloride imports soared to X tons in 2021, with an increase of 17% on the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bulgaria (X tons) and the Czech Republic (X tons) represented the main importers of hydrogen chloride (hydrochloric acid) in 2021, accounting for near 22% and 21% of total imports, respectively. Hungary (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Poland (14%), Slovakia (13%) and Russia (5.7%). Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 55% share of total imports. These countries were followed by Bulgaria, Slovakia, Lithuania and Russia, which together accounted for a further 29%.

In terms of the main importing countries, Lithuania, with a CAGR of +15.0%, saw the highest growth rate of 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 Europe amounted to $X per ton, picking up by 12% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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