Ireland: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Ireland

The Irish hydrogen fluoride market dropped slightly to $X in 2021, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.1% against 2019 indices. Hydrogen fluoride consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports from Ireland

In 2021, overseas shipments of hydrogen fluoride (hydrofluoric acid) decreased by -13.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 631% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hydrogen fluoride exports contracted to $X in 2021. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 354% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), the UK (X tons) and the United States (X kg) were the main destinations of hydrogen fluoride exports from Ireland, with a combined 99.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +64.5%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest markets for hydrogen fluoride exported from Ireland worldwide, with a combined 99.9% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +34.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average hydrogen fluoride export price amounted to $X per ton, surging by 16% against the previous year. Overall, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 United States (-2.5%), while the prices for the other major destinations experienced a decline.

Hydrogen Fluoride Imports

Imports into Ireland

In 2021, purchases abroad of hydrogen fluoride (hydrofluoric acid) decreased by -1.4% to X tons, falling for the fourth year in a row after four years of growth. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen fluoride imports fell modestly to $X in 2021. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 63% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of hydrogen fluoride imports to Ireland, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +24.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Ireland, comprising 64% of total imports. The second position in the ranking was taken by Spain ($X), with a 28% share of total imports. It was followed by the UK, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.9% per year) and the UK (+15.3% per year).

Import Prices by Country

In 2021, the average hydrogen fluoride import price amounted to $X per ton, approximately mirroring the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.8% 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 import price increased by +26.4% against 2017 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

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 Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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