Finland: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Finland

The Finnish hydrogen fluoride market soared to $X in 2021, growing by 44% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.1% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hydrogen Fluoride Production in Finland

In value terms, hydrogen fluoride production soared to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.2% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Hydrogen Fluoride Exports

Exports from Finland

In 2021, hydrogen fluoride exports from Finland skyrocketed to X tons, jumping by 4,983% against the year before. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen fluoride exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for hydrogen fluoride exports from Finland, accounting for a 94% share of total exports. Moreover, hydrogen fluoride exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold. Norway (X kg) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+45.6% per year) and Norway (+7.3% per year).

In value terms, Sweden ($X) emerged as the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from Finland, comprising 90% of total exports. The second position in the ranking was held by Estonia ($X), with a 7.2% share of total exports. It was followed by Norway, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+36.0% per year) and Norway (+4.7% per year).

Export Prices by Country

In 2021, the average hydrogen fluoride export price amounted to $X per ton, dropping by -25.8% against the previous year. Overall, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 86%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden ($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 Iceland (+1.0%), while the prices for the other major destinations experienced a decline.

Hydrogen Fluoride Imports

Imports into Finland

In 2021, supplies from abroad of hydrogen fluoride (hydrofluoric acid) increased by 20% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 45% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) was the main supplier of hydrogen fluoride to Finland, accounting for a 94% share of total imports. Moreover, hydrogen fluoride imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.3%.

In value terms, Germany ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Finland, comprising 93% of total imports. The second position in the ranking was taken by Spain ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.2%.

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, with a decrease of -2.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.0%).

Source: IndexBox Platform

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