Eastern Europe: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Eastern Europe

After two years of decline, the East European hydrogen fluoride market increased by 2.8% to $X in 2021. Over the period under review, consumption recorded a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hydrogen Fluoride Production in Eastern Europe

In value terms, hydrogen fluoride production rose sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 21%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hydrogen Fluoride Exports

Exports in Eastern Europe

In 2021, shipments abroad of hydrogen fluoride (hydrofluoric acid) decreased by -47.9% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen fluoride exports contracted significantly to $X in 2021. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic dominates exports structure, accounting for X tons, which was near 84% of total exports in 2021. Russia (X tons) held a 7.2% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (6.5%). Poland (X tons) followed a long way behind the leaders.

Exports from the Czech Republic decreased at an average annual rate of -13.9% from 2012 to 2021. Poland (-1.4%), Russia (-3.1%) and Lithuania (-17.1%) illustrated a downward trend over the same period. While the share of Russia (+4.6 p.p.) and Poland (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Lithuania (-3 p.p.) and the Czech Republic (-3.2 p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest hydrogen fluoride supplier in Eastern Europe, comprising 83% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.3% share of total exports. It was followed by Lithuania, with a 5.6% share.

In the Czech Republic, hydrogen fluoride exports shrank by an average annual rate of -8.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-3.2% per year) and Lithuania (-16.4% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 27% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 48% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the other leaders experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports in Eastern Europe

In 2021, supplies from abroad of hydrogen fluoride (hydrofluoric acid) decreased by -17.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by 18%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hydrogen fluoride imports contracted to $X in 2021. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 32%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Estonia (X tons) and the Czech Republic (X tons) represented the main importers of hydrogen fluoride (hydrofluoric acid) in Eastern Europe, together amounting to near 60% of total imports. Poland (X tons) took the next position in the ranking, followed by Ukraine (X tons) and Russia (X tons). All these countries together held near 31% share of total imports. Belarus (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +15.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Estonia ($X), the Czech Republic ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, with a combined 73% share of total imports. These countries were followed by Ukraine, Russia, Belarus and Bulgaria, which together accounted for a further 23%.

In terms of the main importing countries, Bulgaria, with a CAGR of +14.6%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, surging by 15% against the previous year. Import price indicated a tangible increase from 2012 to 2021: its price 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, hydrogen fluoride import price increased by +60.1% against 2015 indices. The growth pace was the most rapid in 2019 when the import price increased by 19%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Estonia ($X per ton) and the Czech Republic ($X per ton), while Bulgaria ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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