India: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in India

The Indian hydrogen fluoride market expanded modestly to $X in 2021, increasing by 4.9% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Hydrogen fluoride consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hydrogen Fluoride Production in India

In value terms, hydrogen fluoride production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Hydrogen Fluoride Exports

Exports from India

In 2021, hydrogen fluoride exports from India dropped notably to X tons, with a decrease of -20.9% against the previous year. Overall, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2015 when exports increased by 96%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, hydrogen fluoride exports contracted to $X in 2021. Over the period under review, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2017 with an increase of 114%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons), the United States (X tons) and Saudi Arabia (X tons) were the main destinations of hydrogen fluoride exports from India, with a combined 67% share of total exports. Turkey, Japan, Indonesia, the United Arab Emirates, Australia and South Korea lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +150.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from India, comprising 39% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Thailand totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.2% per year) and Saudi Arabia (+27.7% per year).

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, surging by 8.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 22%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Australia ($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 South Korea (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports into India

In 2021, after three years of growth, there was significant decline in overseas purchases of hydrogen fluoride (hydrofluoric acid), when their volume decreased by -72.3% to X tons. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 200% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports shrank dramatically to $X in 2021. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 151%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of hydrogen fluoride to India, with a 74% share of total imports. Moreover, hydrogen fluoride imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), sixfold. China (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-82.6% per year) and China (-27.6% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to India, comprising 64% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-77.1% per year) and China (-25.7% per year).

Import Prices by Country

In 2021, the average hydrogen fluoride import price amounted to $X per ton, with an increase of 16% against the previous year. In general, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 79% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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