Price for Inorganic Acids; Other than Hydrogen Fluoride in China - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in China (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in China (FOB) - 2023
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in China
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in China
Price for Inorganic Acids; Other than Hydrogen Fluoride in China (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $3,213 per ton, with an increase of 37% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for inorganic acids; other than hydrogen fluorides increased by +178.7% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8,880 per ton), while the price for Jordan ($2,701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in China (FOB) - 2023
In December 2023, the average export price for inorganic acids; other than hydrogen fluorides amounted to $1,275 per ton, falling by -4.1% against the previous month. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in September 2023 an increase of 14% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,703 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($1,525 per ton), while the average price for exports to Belgium ($441 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.4%), while the prices for the other major destinations experienced a decline.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in China
Imports of inorganic acids; other than hydrogen fluorides into China expanded significantly to 79K tons in 2022, with an increase of 11% compared with the year before. The total import volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides soared to $253M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 49.2 | 64.3 | 77.4 | 101 | 27.1% |
| Israel | 28.8 | 37.8 | 46.5 | 97.4 | 50.1% |
| Japan | 14.2 | 17.9 | 30.2 | 38.9 | 39.9% |
| India | 11.6 | 2.8 | 4.1 | 8.6 | -9.5% |
| United States | 3.1 | 3.1 | 4.9 | 4.8 | 15.7% |
| Others | 2.1 | 3.1 | 2.8 | 2.4 | 4.6% |
| Total | 109 | 129 | 166 | 253 | 32.4% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to China in 2022:
- Jordan (37.3K tons)
- Israel (32.7K tons)
- Japan (4.4K tons)
- India (2.0K tons)
- United States (1.2K tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in China
In 2022, after three years of growth, there was decline in shipments abroad of inorganic acids; other than hydrogen fluorides, when their volume decreased by -3.9% to 88K tons. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of 92K tons, and then fell modestly in the following year.
In value terms, exports of inorganic acids; other than hydrogen fluorides skyrocketed to $232M in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 93% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.7 | 25.1 | 50.1 | 66.3 | 40.9% |
| Brazil | 5.0 | 4.4 | 15.4 | 25.2 | 71.5% |
| Spain | 3.6 | 4.8 | 9.3 | 12.4 | 51.0% |
| Italy | 3.1 | 5.7 | 6.0 | 11.9 | 56.6% |
| Israel | 1.1 | 3.3 | 7.1 | 11.4 | 118.0% |
| Netherlands | 2.8 | 2.9 | 10.5 | 10.0 | 52.9% |
| South Korea | 3.1 | 2.4 | 5.6 | 6.7 | 29.3% |
| South Africa | 1.6 | 1.4 | 3.7 | 6.1 | 56.2% |
| Turkey | 1.6 | 3.1 | 4.6 | 5.9 | 54.5% |
| Thailand | 0.7 | 1.1 | 3.0 | 5.6 | 100.0% |
| France | 0.7 | 0.9 | 3.2 | 5.5 | 98.8% |
| Belgium | 0.7 | 0.7 | 4.7 | 4.6 | 87.3% |
| Indonesia | 1.4 | 1.9 | 1.1 | 4.1 | 43.1% |
| Others | 30.8 | 30.3 | 45.6 | 56.8 | 22.6% |
| Total | 79.9 | 87.9 | 170 | 232 | 42.7% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from China in 2022:
- United States (20.2K tons)
- Brazil (8.8K tons)
- Spain (4.4K tons)
- Italy (3.4K tons)
- Israel (3.3K tons)
- Thailand (3.1K tons)
- Netherlands (2.9K tons)
- Belgium (2.9K tons)
- Indonesia (2.7K tons)
- France (2.6K tons)
- Turkey (2.5K tons)
- South Africa (2.5K tons)
- South Korea (2.5K tons)
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