Price for Inorganic Acids; Other than Hydrogen Fluoride in Belgium - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Belgium (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Belgium (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Belgium
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Belgium
Price for Inorganic Acids; Other than Hydrogen Fluoride in Belgium (CIF) - 2022
The average import price for inorganic acids; other than hydrogen fluorides stood at $1,168 per ton in 2022, picking up by 6.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 15%. The import price peaked at $1,660 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,338 per ton), while the price for the Netherlands ($556 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Belgium (FOB) - 2022
In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $2,056 per ton, surging by 7.1% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 33%. The export price peaked at $2,553 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,206 per ton), while the average price for exports to Denmark ($1,048 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Belgium
Imports of inorganic acids; other than hydrogen fluorides into Belgium soared to 29K tons in 2022, rising by 35% on 2021. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 173%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $34M in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | N/A | 2.6 | 6.7 | 10.1 | 97.1% |
| China | 0.8 | 0.9 | 3.5 | 9.5 | 128.1% |
| Netherlands | 1.6 | 5.7 | 5.5 | 5.4 | 50.0% |
| Jordan | 0.8 | 0.7 | 3.8 | 1.9 | 33.4% |
| United States | 0.6 | 3.6 | 1.1 | 1.8 | 44.2% |
| France | 0.9 | 0.9 | 0.9 | 1.5 | 18.6% |
| Indonesia | 0.3 | 0.1 | 0.3 | 1.2 | 58.7% |
| Germany | 1.0 | 0.7 | 1.0 | 1.1 | 3.2% |
| Taiwan (Chinese) | 0.1 | 0.4 | 0.2 | 0.4 | 58.7% |
| Others | 0.3 | 0.8 | 0.8 | 1.1 | 54.2% |
| Total | 6.4 | 16.4 | 23.7 | 34.1 | 74.7% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Belgium in 2022:
- Netherlands (9.8K tons)
- China (8.5K tons)
- Israel (5.5K tons)
- Indonesia (1.5K tons)
- Germany (1.1K tons)
- Jordan (1.0K tons)
- United States (0.8K tons)
- Taiwan (Chinese) (0.5K tons)
- France (0.4K tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of inorganic acids; other than hydrogen fluorides, which increased by 36% to 14K tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 334%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of inorganic acids; other than hydrogen fluorides skyrocketed to $29M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 300%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.8 | 3.1 | 3.1 | 8.4 | 119.0% |
| Netherlands | 0.6 | 6.2 | 7.4 | 8.2 | 139.1% |
| France | 0.6 | 1.6 | 1.7 | 2.7 | 65.1% |
| Italy | 0.3 | 0.9 | 1.1 | 1.6 | 74.7% |
| Switzerland | N/A | 1.2 | 1.0 | 1.2 | 0.0% |
| Norway | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Poland | 0.7 | 0.8 | 1.1 | 1.0 | 12.6% |
| Portugal | N/A | N/A | 0.6 | 0.5 | -16.7% |
| Hungary | N/A | 0.3 | 0.3 | 0.5 | 29.1% |
| Denmark | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.3 | 2.9 | 3.2 | 3.4 | 37.8% |
| Total | 4.3 | 17.1 | 19.7 | 28.8 | 88.5% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Belgium in 2022:
- Netherlands (4.5K tons)
- Germany (4.5K tons)
- France (1.1K tons)
- Norway (0.7K tons)
- Italy (0.5K tons)
- Poland (0.5K tons)
- Switzerland (0.5K tons)
- Portugal (0.2K tons)
- Denmark (0.2K tons)
- Hungary (0.2K tons)
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