Japan: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Japan

The Japanese hydrogen chloride market expanded remarkably to $X in 2021, surging by 6.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Hydrogen Chloride Production in Japan

In value terms, hydrogen chloride production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Hydrogen Chloride Exports

Exports from Japan

In 2021, the amount of hydrogen chloride (hydrochloric acid) exported from Japan contracted to X tons, which is down by -5.7% compared with the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 35%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports totaled $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.6% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 23% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and China (X tons) were the main destinations of hydrogen chloride exports from Japan, together comprising 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +17.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hydrogen chloride exported from Japan were South Korea ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +9.7%, saw 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 chloride export price stood at $X per ton in 2021, surging by 9.4% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.9% 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 chloride export price decreased by -3.5% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average 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 South Korea ($X per ton), while the average price for exports to the United States ($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 (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Japan

In 2021, purchases abroad of hydrogen chloride (hydrochloric acid) increased by 43% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 211% 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 chloride imports soared to $X in 2021. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 100%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of hydrogen chloride imports to Japan, together comprising 77% of total imports. These countries were followed by South Korea, Greece and China, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Japan, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.0% per year) and China (+104.0% per year).

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, jumping by 27% against the previous year. Overall, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 606%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

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 China ($X per ton), while the price for Greece ($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 (+1,769.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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