Slovakia: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Slovakia

The Slovak hydrogen chloride market reduced dramatically to $X in 2021, shrinking by -86.9% against the previous year. Over the period under review, consumption recorded a dramatic curtailment. Hydrogen chloride consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hydrogen Chloride Production in Slovakia

In value terms, hydrogen chloride production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 41%. Hydrogen chloride production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hydrogen Chloride Exports

Exports from Slovakia

In 2021, the amount of hydrogen chloride (hydrochloric acid) exported from Slovakia surged to X tons, picking up by 421% against the year before. Overall, exports posted a noticeable increase. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

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

Exports by Country

Austria (X tons) was the main destination for hydrogen chloride exports from Slovakia, with a 66% share of total exports. Moreover, hydrogen chloride exports to Austria exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. The third position in this ranking was taken by Poland (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Austria amounted to +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-11.7% per year) and Poland (+2.2% per year).

In value terms, Austria ($X) emerged as the key foreign market for hydrogen chloride (hydrochloric acid) exports from Slovakia, comprising 83% of total exports. The second position in the ranking was held by Poland ($X), with a 6.9% share of total exports. It was followed by Hungary, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria totaled +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+12.4% per year) and Hungary (-11.6% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, with an increase of 205% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Ukraine ($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 Austria (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Slovakia

In 2021, imports of hydrogen chloride (hydrochloric acid) into Slovakia totaled X tons, increasing by 6.4% compared with the previous year. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 79% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, hydrogen chloride imports totaled $X in 2021. Overall, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of 128% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest hydrogen chloride supplier to Slovakia, accounting for a 66% share of total imports. Moreover, hydrogen chloride imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.4% per year) and Germany (+83.8% per year).

In value terms, the largest hydrogen chloride suppliers to Slovakia were Hungary ($X), Poland ($X) and the Czech Republic ($X), with a combined 87% share of total imports. Germany, Romania and Austria lagged somewhat behind, together comprising a further 13%.

Romania, with a CAGR of +25.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, with a decrease of -2.2% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 54%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Hungary ($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 Czech Republic (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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