Thailand: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Thailand

In 2021, the Thai hydrogen fluoride market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a slight setback. Hydrogen fluoride consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hydrogen Fluoride Production in Thailand

In value terms, hydrogen fluoride production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Hydrogen fluoride production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hydrogen Fluoride Exports

Exports from Thailand

In 2021, shipments abroad of hydrogen fluoride (hydrofluoric acid) increased by 57% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 113,691%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 28,959% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for hydrogen fluoride exports from Thailand, with a 68% share of total exports. Moreover, hydrogen fluoride exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The third position in this ranking was taken by Myanmar (X tons), with a 7% share.

From 2013 to 2021, the average annual growth rate of volume to Vietnam amounted to +78.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+19.3% per year) and Myanmar (+211.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from Thailand, comprising 63% of total exports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total exports. It was followed by Myanmar, with an 8% share.

From 2013 to 2021, the average annual growth rate of value to Vietnam amounted to +69.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+17.8% per year) and Myanmar (+145.9% per year).

Export Prices by Country

In 2021, the average hydrogen fluoride export price amounted to $X per ton, with a decrease of -13% against the previous year. In general, the export price showed a dramatic shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1,584.1%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Fluoride Imports

Imports into Thailand

After nine years of growth, overseas purchases of hydrogen fluoride (hydrofluoric acid) decreased by -1% to X tons in 2021. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 75%. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank modestly in the following year.

In value terms, hydrogen fluoride imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 73% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main hydrogen fluoride supplier to Thailand, accounting for a 94% share of total imports. Moreover, hydrogen fluoride imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.1% per year) and Taiwan (Chinese) (+41.3% per year).

In value terms, China ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Thailand, comprising 91% of total imports. The second position in the ranking was taken by India ($X), with a 6.3% share of total imports. It was followed by Taiwan (Chinese), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.0% per year) and Taiwan (Chinese) (+36.1% per year).

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The import price peaked at $X per ton in 2019; however, from 2020 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 Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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