Kenya: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Kenya

The Kenyan hydrogen fluoride market dropped slightly to $X in 2021, waning by -3.1% against the previous year. Over the period under review, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Hydrogen Fluoride Production in Kenya

In value terms, hydrogen fluoride production declined slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 12% against the previous year. Hydrogen fluoride production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Hydrogen Fluoride Exports

Exports from Kenya

In 2021, the amount of hydrogen fluoride (hydrofluoric acid) exported from Kenya soared to X kg, growing by 70% against 2020. In general, exports showed tangible growth. The pace of growth was the most pronounced in 2015 with an increase of 1,186%. 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 soared to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 1,653% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X kg) was the main destination for hydrogen fluoride exports from Kenya, accounting for a 94% share of total exports. Moreover, hydrogen fluoride exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania amounted to +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-24.4% per year) and Rwanda (-13.0% per year).

In value terms, Tanzania ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from Kenya, comprising 98% of total exports. The second position in the ranking was held by Rwanda ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-9.7% per year) and Uganda (-26.0% per year).

Export Prices by Country

In 2021, the average hydrogen fluoride export price amounted to $X per ton, rising by 36% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 395%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Fluoride Imports

Imports into Kenya

In 2021, purchases abroad of hydrogen fluoride (hydrofluoric acid) decreased by -17.1% to X tons, falling for the second consecutive year after five years of growth. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of 99% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports fell significantly to $X in 2021. Overall, imports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2013 when imports increased by 245% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa (X tons), India (X tons) and Germany (X tons) were the main suppliers of hydrogen fluoride imports to Kenya, together comprising 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen fluoride suppliers to Kenya were Germany ($X), the UK ($X) and South Africa ($X), with a combined 96% share of total imports.

Germany, with a CAGR of +33.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, with a decrease of -7.5% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 145%. As a result, import price reached the peak level of $X per ton, and then dropped 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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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