United Kingdom: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in the UK

For the fifth year in a row, the UK hydrogen chloride market recorded decline in sales value, which decreased by -6.8% to $X in 2021. In general, consumption showed a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Hydrogen Chloride Production in the UK

In value terms, hydrogen chloride production totaled $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 8.7%. Hydrogen chloride production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hydrogen Chloride Exports

Exports from the UK

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were exported from the UK; increasing by 37% against 2020 figures. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 46%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, hydrogen chloride exports rose to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 54%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for hydrogen chloride exports from the UK, with a 86% share of total exports. Moreover, hydrogen chloride exports to Ireland exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. The third position in this ranking was taken by North Macedonia (X tons), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+18.5% per year) and North Macedonia (+9.8% per year).

In value terms, Ireland ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from the UK, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports. It was followed by Belgium, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+27.5% per year) and Belgium (-0.3% per year).

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2021, waning by -25% against the previous year. In general, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2014 an increase of 77%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 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 Netherlands ($X per ton), while the average price for exports to Ireland ($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 the Dominican Republic (+99.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Chloride Imports

Imports into the UK

In 2021, the amount of hydrogen chloride (hydrochloric acid) imported into the UK dropped notably to X tons, which is down by -24.3% compared with 2020. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 614%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, hydrogen chloride imports shrank to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 167% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest hydrogen chloride supplier to the UK, with a 63% share of total imports. Moreover, hydrogen chloride imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Ireland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+26.6% per year) and Ireland (+12.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to the UK, comprising 48% of total imports. The second position in the ranking was taken by Ireland ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+3.4% per year) and the Netherlands (+11.1% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, picking up by 21% against the previous year. In general, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :