Thailand: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Thailand

The Thai hydrogen chloride market dropped remarkably to $X in 2021, falling by -17% against the previous year. Overall, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Hydrogen Chloride Production in Thailand

In value terms, hydrogen chloride production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 14%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Hydrogen Chloride Exports

Exports from Thailand

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were exported from Thailand; growing by 99% against the previous year's figure. Overall, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen chloride exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons), Lao People's Democratic Republic (X tons) and Papua New Guinea (X tons) were the main destinations of hydrogen chloride exports from Thailand, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +54.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hydrogen chloride exported from Thailand were Lao People's Democratic Republic ($X), Cambodia ($X) and Australia ($X), together accounting for 73% of total exports. These countries were followed by Papua New Guinea and Singapore, which together accounted for a further 17%.

Among the main countries of destination, Singapore, with a CAGR of +60.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, shrinking by -15.8% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Cambodia ($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 Singapore (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Chloride Imports

Imports into Thailand

After five years of growth, overseas purchases of hydrogen chloride (hydrochloric acid) decreased by -18.6% to X tons in 2021. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 127%. Imports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, hydrogen chloride imports declined to $X in 2021. Overall, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hydrogen chloride to Thailand, with a 86% share of total imports. Moreover, hydrogen chloride imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +361.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.6% per year) and South Korea (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Thailand, comprising 42% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +222.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.4% per year) and Germany (-7.5% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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