Egypt: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Egypt

The Egyptian hydrogen chloride market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Hydrogen Chloride Production in Egypt

In value terms, hydrogen chloride production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 5.2%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Hydrogen Chloride Exports

Exports from Egypt

In 2021, after two years of decline, there was significant growth in shipments abroad of hydrogen chloride (hydrochloric acid), when their volume increased by 21% to X tons. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 131%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, hydrogen chloride exports surged to $X in 2021. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 89%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Morocco (X tons), Burkina Faso (X tons) and Cameroon (X tons) were the main destinations of hydrogen chloride exports from Egypt, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +403.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) emerged as the key foreign market for hydrogen chloride (hydrochloric acid) exports from Egypt, comprising 25% of total exports. The second position in the ranking was held by Burkina Faso ($X), with an 11% share of total exports. It was followed by Libya, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Morocco amounted to +74.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+423.1% per year) and Libya (-1.3% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, picking up by 50% against the previous year. In general, the export price saw a mild expansion. As a result, the export 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 suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Sudan ($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 Mozambique (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Egypt

After two years of growth, supplies from abroad of hydrogen chloride (hydrochloric acid) decreased by -83.3% to X tons in 2021. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by 974% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hydrogen chloride imports reduced sharply to $X in 2021. Overall, imports faced a precipitous setback. The growth pace was the most rapid in 2019 with an increase of 354% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest hydrogen chloride supplier to Egypt, with a 80% share of total imports. Moreover, hydrogen chloride imports from Germany exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+23.7% per year) and France (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Egypt, comprising 84% of total imports. The second position in the ranking was held by Ireland ($X), with a 7.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-3.3% per year) and France (0.0% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, with a decrease of -17.5% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 86%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($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 United Arab Emirates (+118.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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