Singapore: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Singapore

The Singaporean hydrogen fluoride market reduced sharply to $X in 2021, declining by -28.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a mild slump. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Hydrogen Fluoride Exports

Exports from Singapore

After two years of decline, shipments abroad of hydrogen fluoride (hydrofluoric acid) increased by 16% to X tons in 2021. In general, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, hydrogen fluoride exports reduced slightly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of hydrogen fluoride exports from Singapore, together accounting for 77% of total exports. These countries were followed by Malaysia, the United States, Australia and Japan, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +61.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydrogen fluoride exported from Singapore were Germany ($X), Taiwan (Chinese) ($X) and the United States ($X), together accounting for 87% of total exports. These countries were followed by Malaysia, South Korea, Australia and Japan, which together accounted for a further 12%.

Australia, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, dropping by -16.9% against the previous year. Over the period under review, the export price showed a slight setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Japan ($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 Germany (+1.2%), while the prices for the other major destinations experienced a decline.

Hydrogen Fluoride Imports

Imports into Singapore

In 2021, purchases abroad of hydrogen fluoride (hydrofluoric acid) decreased by -6% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, 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 18%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, hydrogen fluoride imports expanded markedly to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 37%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hydrogen fluoride to Singapore, with a 72% share of total imports. Moreover, hydrogen fluoride imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+60.8% per year) and Malaysia (+60.8% per year).

In value terms, China ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Singapore, comprising 66% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 23% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+51.1% per year) and Germany (-15.4% per year).

Import Prices by Country

In 2021, the average hydrogen fluoride import price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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