U.S.: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in the U.S.

In 2021, the U.S. hydrogen chloride market decreased by -8.9% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Hydrogen Chloride Production in the U.S.

In value terms, hydrogen chloride production dropped to $X in 2021. In general, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 47%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Hydrogen Chloride Exports

Exports from the U.S.

In 2021, after four years of decline, there was significant growth in overseas shipments of hydrogen chloride (hydrochloric acid), when their volume increased by 14% to X tons. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydrogen chloride exports expanded markedly to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for hydrogen chloride exports from the United States, with a 62% share of total exports. Moreover, hydrogen chloride exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), sixfold. Singapore (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.3% per year) and Singapore (+24.8% per year).

In value terms, the largest markets for hydrogen chloride exported from the United States were Canada ($X), Mexico ($X) and Suriname ($X), with a combined 50% share of total exports.

Among the main countries of destination, Suriname, with a CAGR of +72.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, which is down by -2.5% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen chloride export price increased by +97.3% against 2012 indices. The growth pace was the most rapid in 2020 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($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 China (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into the U.S.

In 2021, purchases abroad of hydrogen chloride (hydrochloric acid) was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 73%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen chloride imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main hydrogen chloride supplier to the United States, with a 95% share of total imports. It was followed by Japan (X tons), with a 2.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada stood at +4.3%.

In value terms, Canada ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to the United States, comprising 86% of total imports. The second position in the ranking was held by Japan ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to -1.0%.

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, growing by 5.8% against the previous year. Overall, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-5.1%).

Source: IndexBox Platform

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