Hong Kong SAR, China: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Hong Kong SAR, China

The Hong Kong hydrogen fluoride market shrank modestly to $X in 2021, dropping by -3.2% against the previous year. Over the period under review, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hydrogen Fluoride Production in Hong Kong SAR, China

In value terms, hydrogen fluoride production fell modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of 31%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of hydrogen fluoride (hydrofluoric acid) decreased by -30% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,588% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen fluoride exports reduced rapidly to $X in 2021. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,678%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Brazil (X tons) and Vietnam (X tons) were the main destinations of hydrogen fluoride exports from Hong Kong SAR, together accounting for 73% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +49.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Vietnam ($X) and the Philippines ($X) appeared to be the largest markets for hydrogen fluoride exported from Hong Kong SAR worldwide, with a combined 63% share of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +50.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, rising by 12% against the previous year. In general, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen fluoride export price increased by +47.8% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 the Philippines ($X per ton), while the average price for exports to Malaysia ($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 the Philippines (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of hydrogen fluoride (hydrofluoric acid) was finally on the rise to reach X kg after three years of decline. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 330% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, hydrogen fluoride imports soared to $X in 2021. Overall, imports saw modest growth. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X kg) constituted the largest hydrogen fluoride supplier to Hong Kong SAR, accounting for a 69% share of total imports. Moreover, hydrogen fluoride imports from South Korea exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), threefold. The third position in this ranking was taken by China (X kg), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+8.0% per year) and China (-41.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.5% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.2% per year) and the United States (+11.3% per year).

Import Prices by Country

In 2021, the average hydrogen fluoride import price amounted to $X per ton, rising by 10% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 114%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+172.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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