United Arab Emirates: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in the United Arab Emirates

In 2021, the hydrogen fluoride market in the United Arab Emirates was finally on the rise to reach $X after four years of decline. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.1% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Hydrogen Fluoride Production in the United Arab Emirates

In value terms, hydrogen fluoride production expanded sharply to $X in 2021 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.6% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 82% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports from the United Arab Emirates

In 2021, the amount of hydrogen fluoride (hydrofluoric acid) exported from the United Arab Emirates rose markedly to X tons, picking up by 12% compared with the previous year. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2016 with an increase of 1,505%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, hydrogen fluoride exports rose notably to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 2,553%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for hydrogen fluoride exports from the United Arab Emirates, with a approx. 207% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +503.3%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from the United Arab Emirates.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +580.0%.

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, picking up by 1.8% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of 65%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +12.7% per year.

Hydrogen Fluoride Imports

Imports into the United Arab Emirates

In 2021, the amount of hydrogen fluoride (hydrofluoric acid) imported into the United Arab Emirates surged to X tons, jumping by 402% compared with 2020. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 1,120% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, hydrogen fluoride imports surged to $X in 2021. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 750%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of hydrogen fluoride imports to the United Arab Emirates.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +127.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to the United Arab Emirates, comprising 147% of total imports. The second position in the ranking was held by Italy ($X), with a 71% share of total imports. It was followed by Spain, with a 54% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+108.1% per year) and Spain (+20.0% per year).

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, growing by 3.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2014 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat 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 Italy ($X per ton), while the price for Germany ($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 (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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