Norway: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Norway

The Norwegian hydrogen chloride market rose notably to $X in 2021, with an increase of 5.8% 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 +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.7% against 2014 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Hydrogen Chloride Production in Norway

In value terms, hydrogen chloride production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 26% against the previous year. Hydrogen chloride production peaked at $X in 2020, and then reduced in the following year.

Hydrogen Chloride Exports

Exports from Norway

After two years of growth, overseas shipments of hydrogen chloride (hydrochloric acid) decreased by -15.7% to X tons in 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 35% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hydrogen chloride exports shrank to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 43%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for hydrogen chloride exports from Norway, with a 88% share of total exports. Moreover, hydrogen chloride exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. Ireland (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-3.7% per year) and Ireland (-6.4% per year).

In value terms, Sweden ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Norway, comprising 83% of total exports. The second position in the ranking was taken by Ireland ($X), with an 8.4% share of total exports. It was followed by Denmark, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-5.3% per year) and Denmark (+0.8% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, surging by 5.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the UK ($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 Denmark (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Norway

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were imported into Norway; jumping by 57% compared with 2020 figures. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 122% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. Overall, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2014 when imports increased by 71%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hydrogen chloride to Norway, with a 79% share of total imports. Moreover, hydrogen chloride imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Sweden (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+47.3% per year) and Sweden (-10.4% per year).

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) constituted the largest hydrogen chloride suppliers to Norway, with a combined 93% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +42.7%, 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 a decline.

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, shrinking by -18.7% against the previous year. Overall, the import price recorded a deep reduction. The growth pace was the most rapid in 2015 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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