Middle East: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in the Middle East

The Middle Eastern hydrogen fluoride market reduced to $X in 2021, declining by -11.2% against the previous year. In general, consumption recorded a pronounced descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Hydrogen Fluoride Production in the Middle East

In value terms, hydrogen fluoride production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of 34%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Hydrogen Fluoride Exports

Exports in the Middle East

In 2021, approx. X tons of hydrogen fluoride (hydrofluoric acid) were exported in the Middle East; surging by 62% compared with the year before. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen fluoride exports surged to $X in 2021. Overall, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 40%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X tons), distantly followed by Kuwait (X tons), Jordan (X tons), Saudi Arabia (X tons) and Bahrain (X tons) were the key exporters of hydrogen fluoride (hydrofluoric acid), together comprising 98% of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bahrain (with a CAGR of +105.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen fluoride supplying countries in the Middle East were Jordan ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 85% share of total exports. Kuwait, Bahrain and Iran lagged somewhat behind, together comprising a further 15%.

Bahrain, with a CAGR of +75.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, shrinking by -17.1% against the previous year. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 109%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Kuwait ($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 United Arab Emirates (+15.9%), while the other leaders experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports in the Middle East

In 2021, imports of hydrogen fluoride (hydrofluoric acid) in the Middle East surged to X tons, with an increase of 22% compared with the year before. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.4% against 2017 indices. The growth pace was the most rapid in 2019 when imports increased by 22%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, hydrogen fluoride imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and Israel (X tons) prevails in imports structure, together achieving 94% of total imports. The United Arab Emirates (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen fluoride importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 94% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +11.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, growing by 6.8% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 9.2%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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