EU: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in the EU

The EU hydrogen chloride market soared to $X in 2021, growing by 287% against the previous year. In general, consumption saw a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Hydrogen Chloride Production in the EU

In value terms, hydrogen chloride production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Hydrogen Chloride Exports

Exports in the EU

For the fourth year in a row, the European Union recorded growth in overseas shipments of hydrogen chloride (hydrochloric acid), which increased by 9.4% to X tons in 2021. The total export volume increased at an average annual rate of +6.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, hydrogen chloride exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the key exporting country with an export of around X tons, which reached 38% of total exports. Belgium (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons) and Hungary (X tons). All these countries together held near 44% share of total exports. Portugal (X tons), France (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest hydrogen chloride supplier in the European Union, comprising 38% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 11% share.

In Germany, hydrogen chloride exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+2.2% per year) and the Netherlands (+9.9% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 4.2% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by 6.1% against the previous year. Over the period under review, the export prices attained the maximum 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 Spain ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the other leaders experienced a decline in the export price figures.

Hydrogen Chloride Imports

Imports in the EU

Hydrogen chloride imports skyrocketed to X tons in 2021, picking up by 17% against the previous year. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen chloride imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of hydrogen chloride imports in 2021 were Germany (X tons), France (X tons), the Netherlands (X tons) and Belgium (X tons), together resulting at 64% of total import. Spain (X tons) ranks next in terms of the total imports with a 6.6% share, followed by Italy (6.2%). The following importers - Austria (X tons), Denmark (X tons), Sweden (X tons), Bulgaria (X tons), the Czech Republic (X tons), Hungary (X tons) and Poland (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen chloride importing markets in the European Union were France ($X), Germany ($X) and the Netherlands ($X), together accounting for 46% of total imports.

Germany, 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

The import price in the European Union stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 16% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while Spain ($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 Netherlands (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :