U.S.: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in the U.S.

After three years of growth, the U.S. hydrogen fluoride market decreased by -8.1% to $X in 2021. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.1% against 2016 indices. Hydrogen fluoride consumption peaked at $X in 2020, and then reduced in the following year.

Hydrogen Fluoride Production in the U.S.

In value terms, hydrogen fluoride production declined dramatically to $X in 2021. In general, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 922% against the previous year. Hydrogen fluoride production peaked at $X in 2020, and then dropped rapidly in the following year.

Hydrogen Fluoride Exports

Exports from the U.S.

In 2021, hydrogen fluoride exports from the United States expanded notably to X tons, surging by 12% on the previous year's figure. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 36%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2021. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) was the main destination for hydrogen fluoride exports from the United States, with a 71% share of total exports. Moreover, hydrogen fluoride exports to Canada exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold. Mexico (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+9.8% per year) and Mexico (+10.0% per year).

In value terms, Canada ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from the United States, comprising 46% of total exports. The second position in the ranking was held by Mexico ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+21.1% per year) and Taiwan (Chinese) (+8.5% per year).

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, rising by 5.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 7.2% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Canada ($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 South Korea (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports into the U.S.

In 2021, hydrogen fluoride imports into the United States shrank to X tons, remaining constant against the year before. In general, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 6.9%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen fluoride imports amounted to $X in 2021. Over the period under review, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 9.9% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) was the main hydrogen fluoride supplier to the United States, with a 91% share of total imports. It was followed by Japan (X tons), with a 2.2% share of total imports. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.3% per year) and Taiwan (Chinese) (+51.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to the United States, comprising 88% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.8% share of total imports. It was followed by Japan, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+47.5% per year) and Japan (+4.1% per year).

Import Prices by Country

In 2021, the average hydrogen fluoride import price amounted to $X per ton, growing by 3.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 7.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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