Japan: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Japan

The Japanese hydrogen fluoride market expanded sharply to $X in 2021, rising by 10% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.5% against 2014 indices. Hydrogen fluoride consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Hydrogen Fluoride Production in Japan

In value terms, hydrogen fluoride production plummeted to $X in 2021 estimated in export price. Over the period under review, production showed a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 193%. Over the period under review, production reached the maximum level at $X in 2020, and then declined rapidly in the following year.

Hydrogen Fluoride Exports

Exports from Japan

In 2021, after two years of decline, there was significant growth in shipments abroad of hydrogen fluoride (hydrofluoric acid), when their volume increased by 22% to X tons. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 34%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hydrogen fluoride exports soared to $X in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 63%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for hydrogen fluoride exports from Japan, accounting for a 56% share of total exports. Moreover, hydrogen fluoride exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.9% per year) and Taiwan (Chinese) (+34.8% per year).

In value terms, South Korea ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from Japan, comprising 46% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+25.3% per year) and the United States (+6.3% per year).

Export Prices by Country

In 2021, the average hydrogen fluoride export price amounted to $X per ton, approximately equating the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.5% 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 +82.5% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. The export price peaked at $X per ton in 2020, and then declined modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Fluoride Imports

Imports into Japan

In 2021, supplies from abroad of hydrogen fluoride (hydrofluoric acid) increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main hydrogen fluoride supplier to Japan, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Japan.

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

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, rising by 19% against the previous year. In general, the import price saw a modest increase. The most prominent rate of growth was recorded in 2017 an increase of 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.1% per year.

Source: IndexBox Platform

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