Switzerland: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Switzerland

The Swiss hydrogen chloride market declined modestly to $X in 2021, remaining stable against the previous year. In general, consumption, however, saw a perceptible decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Hydrogen Chloride Production in Switzerland

In value terms, hydrogen chloride production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 73% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Hydrogen Chloride Exports

Exports from Switzerland

In 2021, after three years of growth, there was significant decline in shipments abroad of hydrogen chloride (hydrochloric acid), when their volume decreased by -10.1% to X tons. In general, exports, however, enjoyed a measured increase. The growth pace was the most rapid in 2020 when exports increased by 316%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, hydrogen chloride exports shrank slightly to $X in 2021. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 121%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of hydrogen chloride exports from Switzerland, with a combined 91% share of total exports. These countries were followed by Austria and South Korea, which together accounted for a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +29.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) were the largest markets for hydrogen chloride exported from Switzerland worldwide, together accounting for 90% of total exports.

Among the main countries of destination, France, with a CAGR of +2.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, with an increase of 7.8% against the previous year. Overall, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2015 when the average export price increased by 71%. The export price peaked at $X per ton in 2017; however, from 2018 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 ($X per ton), while the average price for exports to Italy ($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 Italy (-3.4%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into Switzerland

In 2021, overseas purchases of hydrogen chloride (hydrochloric acid) increased by 12% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen chloride imports dropped slightly to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest hydrogen chloride supplier to Switzerland, accounting for a 52% share of total imports. Moreover, hydrogen chloride imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 23% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.4% per year) and Italy (+6.9% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Switzerland, comprising 59% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by Austria, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.1% per year) and Austria (+4.8% per year).

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, declining by -11.6% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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