Indonesia: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Indonesia

In 2021, the Indonesian hydrogen chloride market decreased by -9% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Hydrogen Chloride Production in Indonesia

In value terms, hydrogen chloride production reduced to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, production reached the peak level of $X, and then shrank in the following year.

Hydrogen Chloride Exports

Exports from Indonesia

In 2021, exports of hydrogen chloride (hydrochloric acid) from Indonesia dropped sharply to X tons, waning by -25.2% compared with the previous year. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 567%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports reduced to $X in 2021. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 434% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) and Madagascar (X tons) were the main destinations of hydrogen chloride exports from Indonesia.

From 2012 to 2021, the biggest increases were recorded for Madagascar (with a CAGR of 0.0%).

In value terms, Madagascar ($X) emerged as the key foreign market for hydrogen chloride (hydrochloric acid) exports from Indonesia, comprising 62% of total exports. The second position in the ranking was taken by Australia ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Madagascar was relatively modest.

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, picking up by 28% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,923% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+526.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Indonesia

Hydrogen chloride imports into Indonesia skyrocketed to X tons in 2021, surging by 19% compared with 2020 figures. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 304% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, hydrogen chloride imports rose modestly to $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 167%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Pakistan (X tons) was the main hydrogen chloride supplier to Indonesia, accounting for a 99% share of total imports. It was followed by India (X tons), with a 0.3% share of total imports. Malaysia (X tons) ranked third in terms of total imports with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume from Pakistan totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-37.1% per year) and Malaysia (-47.6% per year).

In value terms, Pakistan ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Indonesia, comprising 61% of total imports. The second position in the ranking was taken by India ($X), with a 5.5% share of total imports. It was followed by Malaysia, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Pakistan totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.7% per year) and Malaysia (-30.4% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, dropping by -12.4% against the previous year. Overall, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 78%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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