Europe: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Europe

The Europe hydrogen chloride market soared to $X in 2021, growing by 167% against the previous year. Overall, consumption posted a prominent increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Hydrogen Chloride Production in Europe

In value terms, hydrogen chloride production soared to $X in 2021 estimated in export price. In general, production, however, showed a mild descent. The growth pace was the most rapid in 2017 when the production volume increased by 17%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Hydrogen Chloride Exports

Exports in Europe

For the fourth year in a row, Europe recorded growth in overseas shipments of hydrogen chloride (hydrochloric acid), which increased by 8.5% to X tons in 2021. The total export volume increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, hydrogen chloride exports totaled $X in 2021. The total export value increased at an average annual rate of +2.1% 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

In 2021, Germany (X tons), distantly followed by Belgium (X tons), the Netherlands (X tons) and Hungary (X tons) were the key exporters of hydrogen chloride (hydrochloric acid), together making up 79% of total exports. Portugal (X tons), France (X tons), Norway (X tons), Spain (X tons), Slovakia (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +22.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest hydrogen chloride supplier in Europe, comprising 36% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 10% share.

In Germany, hydrogen chloride exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+2.2% per year) and the Netherlands (+9.9% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 4% against the previous year. In general, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of 6.3% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 Slovakia (+10.8%), while the other leaders experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports in Europe

In 2021, imports of hydrogen chloride (hydrochloric acid) in Europe soared to X tons, increasing by 16% compared with 2020. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen chloride imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; 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.

Imports by Country

The purchases of the four major importers of hydrogen chloride (hydrochloric acid), namely Germany, France, the Netherlands and Belgium, represented more than half of total import. Spain (X tons) took the next position in the ranking, followed by Italy (X tons). All these countries together took approx. 12% share of total imports. The following importers - Austria (X tons), Denmark (X tons), Sweden (X tons), Bulgaria (X tons), the Czech Republic (X tons), the UK (X tons) and Hungary (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for 41% of total imports.

In terms of the main importing countries, Germany, with a CAGR of +11.5%, 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 Europe amounted to $X per ton, with an increase of 8.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 14% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Spain ($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