South-Eastern Asia: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in the Southeast Asian hydrogen chloride market, when its value decreased by -5.7% to $X. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Hydrogen Chloride Production in South-Eastern Asia

In value terms, hydrogen chloride production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15%. The level of production peaked at $X in 2020, and then declined in the following year.

Hydrogen Chloride Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were exported in South-Eastern Asia; with an increase of 42% compared with the year before. Over the period under review, exports, however, showed a slight setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hydrogen chloride exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and Thailand (X tons) represented roughly 79% of total exports in 2021. It was distantly followed by Malaysia (X tons), generating a 20% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +17.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest hydrogen chloride supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +15.3%. In the other countries, the average annual rates were as follows: Thailand (+0.8% per year) and Malaysia (-13.6% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, reducing by -17.4% against the previous year. Over the period under review, the export price, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the other leaders experienced a decline in the export price figures.

Hydrogen Chloride Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were imported in South-Eastern Asia; growing by 34% on the year before. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 67%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen chloride imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia was the key importing country with an import of about X tons, which reached 58% of total imports. It was distantly followed by Vietnam (X tons), Cambodia (X tons), Indonesia (X tons) and Singapore (X tons), together constituting a 31% share of total imports. The following importers - Myanmar (X tons), Lao People's Democratic Republic (X tons), the Philippines (X tons) and Brunei Darussalam (X tons) - together made up 8.9% of total imports.

From 2012 to 2021, average annual rates of growth with regard to hydrogen chloride imports into Malaysia stood at +31.3%. At the same time, Cambodia (+39.2%), Vietnam (+32.1%) and Myanmar (+1.9%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +39.2% from 2012-2021. By contrast, Singapore (-2.2%), the Philippines (-2.6%), Brunei Darussalam (-3.8%), Indonesia (-7.5%) and Lao People's Democratic Republic (-13.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, Vietnam and Cambodia increased by +45, +12 and +5.1 percentage points, respectively.

In value terms, the largest hydrogen chloride importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Vietnam ($X), with a combined 78% share of total imports. Cambodia, Indonesia, the Philippines, Myanmar, Brunei Darussalam and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 16%.

Among the main importing countries, Cambodia, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -14.3% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 35%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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