Southern Asia: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Southern Asia

The South Asian hydrogen fluoride market stood at $X in 2021, with an increase of 2.7% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hydrogen Fluoride Production in Southern Asia

In value terms, hydrogen fluoride production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 15%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Hydrogen Fluoride Exports

Exports in Southern Asia

In 2021, hydrogen fluoride exports in Southern Asia dropped remarkably to X tons, waning by -20.9% compared with 2020. Overall, exports, however, continue to indicate slight growth. The pace of growth was the most pronounced in 2015 with an increase of 96% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, hydrogen fluoride exports dropped to $X in 2021. In general, exports, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 114%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2021.

India was also the fastest-growing in terms of the hydrogen fluoride (hydrofluoric acid) exports, with a CAGR of +1.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest hydrogen fluoride supplier in Southern Asia.

In India, hydrogen fluoride exports increased at an average annual rate of +2.4% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 8.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.9% per year.

Hydrogen Fluoride Imports

Imports in Southern Asia

In 2021, overseas purchases of hydrogen fluoride (hydrofluoric acid) decreased by -62.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 154% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, hydrogen fluoride imports reduced notably to $X in 2021. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 123%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

India represented the key importing country with an import of about X tons, which recorded 66% of total imports. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together committing a 29% share of total imports. Bangladesh (X tons) and Nepal (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hydrogen fluoride imports into India stood at -6.6%. At the same time, Sri Lanka (+35.9%) and Pakistan (+7.1%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +35.9% from 2012-2021. By contrast, Nepal (-3.5%) and Bangladesh (-8.4%) illustrated a downward trend over the same period. While the share of Pakistan (+13 p.p.) and Sri Lanka (+8.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-19.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported hydrogen fluoride (hydrofluoric acid) in Southern Asia, comprising 69% of total imports. The second position in the ranking was held by Pakistan ($X), with an 18% share of total imports. It was followed by Sri Lanka, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -9.1%. In the other countries, the average annual rates were as follows: Pakistan (+7.8% per year) and Sri Lanka (+12.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of 35%. Over the period under review, 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 destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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