Northern America: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Northern America

In 2021, after three years of growth, there was significant decline in the North American hydrogen chloride market, when its value decreased by -8.6% to $X. Overall, consumption, however, recorded prominent growth. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Hydrogen Chloride Production in Northern America

In value terms, hydrogen chloride production contracted to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Hydrogen Chloride Exports

Exports in Northern America

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2017 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 52%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada represented the largest exporter of hydrogen chloride (hydrochloric acid) in Northern America, with the volume of exports resulting at X tons, which was near 83% of total exports in 2021. It was distantly followed by the United States (X tons), generating a 17% share of total exports.

Canada was also the fastest-growing in terms of the hydrogen chloride (hydrochloric acid) exports, with a CAGR of +5.4% from 2012 to 2021. The United States (-12.6%) illustrated a downward trend over the same period. While the share of Canada (+36 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-35.6 p.p.) displayed negative dynamics.

In value terms, the largest hydrogen chloride supplying countries in Northern America were Canada ($X) and the United States ($X).

Among the main exporting countries, Canada, with a CAGR of -0.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, dropping by -4.5% against the previous year. Over the period under review, the export price showed a slight decline. The growth pace was the most rapid in 2018 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained 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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.8%).

Hydrogen Chloride Imports

Imports in Northern America

In 2021, supplies from abroad of hydrogen chloride (hydrochloric acid) increased by 47% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 73%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hydrogen chloride imports soared to $X in 2021. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 55%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) represented the major importer of hydrogen chloride (hydrochloric acid) in Northern America, constituting 99.9% of total import.

The United States was also the fastest-growing in terms of the hydrogen chloride (hydrochloric acid) imports, with a CAGR of +3.5% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hydrogen chloride (hydrochloric acid) in Northern America.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -2.4%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 29%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -5.7% per year.

Source: IndexBox Platform

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