Finland: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Finland

The Finnish hydrogen chloride market reduced slightly to $X in 2021, approximately mirroring the previous year. Over the period under review, consumption showed a abrupt slump. Hydrogen chloride consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Chloride Production in Finland

In value terms, hydrogen chloride production declined to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Hydrogen Chloride Exports

Exports from Finland

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) increased by 14% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 56%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports amounted to $X in 2021. Over the period under review, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 40%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Estonia (X tons) and Sweden (X tons) were the main destinations of hydrogen chloride exports from Finland, together accounting for 94% of total exports. Latvia and Lithuania lagged somewhat behind, together accounting for a further 6.4%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Finland, comprising 51% of total exports. The second position in the ranking was taken by Russia ($X), with a 23% share of total exports. It was followed by Sweden, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Estonia amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-0.8% per year) and Sweden (-13.2% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, shrinking by -3.9% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, the average export prices reached 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 for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 Sweden (-1.4%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into Finland

In 2021, overseas purchases of hydrogen chloride (hydrochloric acid) increased by 1% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 115% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hydrogen chloride imports contracted to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of hydrogen chloride to Finland, accounting for a 63% share of total imports. Moreover, hydrogen chloride imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Belgium (+1.0% per year).

In value terms, Germany ($X), Sweden ($X) and France ($X) appeared to be the largest hydrogen chloride suppliers to Finland, with a combined 94% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +2.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, shrinking by -4% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+52.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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