South-Eastern Asia: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in South-Eastern Asia

The Southeast Asian hydrogen fluoride market fell to $X in 2021, almost unchanged from the previous year. Over the period under review, consumption recorded a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of 4.1% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hydrogen Fluoride Production in South-Eastern Asia

In value terms, hydrogen fluoride production shrank to $X in 2021 estimated in export price. Overall, production faced a abrupt decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 8.2% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of hydrogen fluoride (hydrofluoric acid), when their volume increased by 14% to X tons. Total exports indicated slight 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 pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. The volume of export 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 modestly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 41%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore prevails in exports structure, finishing at X tons, which was near 91% of total exports in 2021. The following exporters - Malaysia (X tons) and Thailand (X tons) - each amounted to a 7.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hydrogen fluoride exports from Singapore stood at +1.9%. At the same time, Thailand (+334.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +334.9% from 2012-2021. By contrast, Malaysia (-7.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand increased by +3.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest hydrogen fluoride supplier in South-Eastern Asia, comprising 94% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Singapore was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+228.0% per year) and Malaysia (-13.4% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of -15.7% against the previous year. In general, the export price continues to indicate a mild reduction. The growth pace was the most rapid in 2016 an increase of 11%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-1.5%), while the other leaders experienced a decline in the export price figures.

Hydrogen Fluoride Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of hydrogen fluoride (hydrofluoric acid) decreased by -2.6% to X tons, falling for the second consecutive year after eight years of growth. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports surged to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of 41%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Thailand (X tons), Singapore (X tons), Indonesia (X tons) and Vietnam (X tons) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. These countries were followed by Vietnam and Indonesia, which together accounted for a further 28%.

Vietnam, with a CAGR of +28.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, picking up by 19% against the previous year. In general, the import price, however, saw a pronounced downturn. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Vietnam (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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