Oman: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Oman

The Omani hydrogen chloride market skyrocketed to $X in 2021, with an increase of 31% against the previous year. Over the period under review, consumption showed a strong increase. Hydrogen chloride consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hydrogen Chloride Production in Oman

In value terms, hydrogen chloride production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Hydrogen Chloride Exports

Exports from Oman

In 2021, overseas shipments of hydrogen chloride (hydrochloric acid) increased by 69% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2017 with an increase of 441%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hydrogen chloride exports surged to $X in 2021. In general, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of 810% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for hydrogen chloride exports from Oman, with a 85% share of total exports. Moreover, hydrogen chloride exports to Qatar exceeded the volume sent to the second major destination, Yemen (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Qatar totaled -23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-22.4% per year) and the United Arab Emirates (-53.1% per year).

In value terms, Qatar ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Oman, comprising 70% of total exports. The second position in the ranking was held by Yemen ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar amounted to -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-9.6% per year) and the United Arab Emirates (-55.0% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, jumping by 59% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 68%. The export price peaked in 2021 and is likely to see steady growth in years to come.

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 Yemen ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Chloride Imports

Imports into Oman

In 2021, after three years of decline, there was significant growth in overseas purchases of hydrogen chloride (hydrochloric acid), when their volume increased by 126% to X tons. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen chloride imports soared to $X in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of hydrogen chloride to Oman, with a 93% share of total imports. It was followed by Qatar (X tons), with a 2.2% share of total imports. The third position in this ranking was held by India (X tons), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+931.9% per year) and India (-20.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Oman, comprising 66% of total imports. The second position in the ranking was held by Qatar ($X), with a 30% share of total imports. It was followed by India, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+935.4% per year) and India (-18.7% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, with an increase of 27% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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