Latin America and the Caribbean: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Latin America and the Caribbean

In 2021, the Latin American hydrogen chloride market decreased by -0.2% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Hydrogen Chloride Production in Latin America and the Caribbean

In value terms, hydrogen chloride production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 8.1%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hydrogen Chloride Exports

Exports in Latin America and the Caribbean

In 2021, exports of hydrogen chloride (hydrochloric acid) in Latin America and the Caribbean surged to X tons, jumping by 19% against the previous year's figure. Total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 75%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, hydrogen chloride exports soared to $X in 2021. Total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 74%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Uruguay (X tons), Peru (X tons) and Colombia (X tons), together resulting at 92% of total export. It was distantly followed by Chile (X tons), comprising a 6.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +13.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Uruguay ($X) were the countries with the highest levels of exports in 2021, with a combined 83% share of total exports.

Colombia, with a CAGR of +4.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2014 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-0.4%), while the other leaders experienced a decline in the export price figures.

Hydrogen Chloride Imports

Imports in Latin America and the Caribbean

Hydrogen chloride imports totaled X tons in 2021, increasing by 7.8% on the previous year's figure. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 -13.0% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 35%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. In general, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) and Mexico (X tons) were the largest importers of hydrogen chloride (hydrochloric acid) in Latin America and the Caribbean, together finishing at near 38% of total imports. It was distantly followed by Guatemala (X tons), the Dominican Republic (X tons), El Salvador (X tons), Jamaica (X tons) and Ecuador (X tons), together committing a 35% share of total imports. Venezuela (X tons), Nicaragua (X tons), Costa Rica (X tons), Honduras (X tons), Bolivia (X tons) and Chile (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brazil (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported hydrogen chloride (hydrochloric acid) in Latin America and the Caribbean, comprising 22% of total imports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total imports. It was followed by Guatemala, with a 9.9% share.

In Mexico, hydrogen chloride imports expanded at an average annual rate of +10.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+9.4% per year) and Guatemala (-1.4% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 12% against the previous year. Overall, the import price, however, showed a pronounced descent. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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