Price for Inorganic Acids; Other than Hydrogen Fluoride in the UK - 2023

Contents:

1. Price for Inorganic Acids; Other than Hydrogen Fluoride in the UK (CIF) - 2023
2. Price for Inorganic Acids; Other than Hydrogen Fluoride in the UK (FOB) - 2022
3. Imports of Inorganic Acids; Other than Hydrogen Fluoride in the UK
4. Exports of Inorganic Acids; Other than Hydrogen Fluoride in the UK

Price for Inorganic Acids; Other than Hydrogen Fluoride in the UK (CIF) - 2023

In November 2023, the average import price for inorganic acids; other than hydrogen fluorides amounted to $1,511 per ton, surging by 10% against the previous month. Overall, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 42% m-o-m. The import price peaked at $2,113 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,659 per ton), while the price for Israel ($477 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Inorganic Acids; Other than Hydrogen Fluoride in the UK (FOB) - 2022

The average export price for inorganic acids; other than hydrogen fluorides stood at $5,005 per ton in 2022, increasing by 10% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for inorganic acids; other than hydrogen fluorides increased by +53.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 62% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($32,142 per ton), while the average price for exports to Spain ($1,715 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 China (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Inorganic Acids; Other than Hydrogen Fluoride in the UK

Imports of inorganic acids; other than hydrogen fluorides into the UK skyrocketed to 6.4K tons in 2022, surging by 17% on the previous year's figure. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $16M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to the UK in 2022:

1. China (2360.4 tons)
2. Germany (1447.2 tons)
3. Israel (887.7 tons)
4. Indonesia (841.3 tons)
5. Netherlands (297.6 tons)
6. Taiwan (Chinese) (141.5 tons)
7. France (112.5 tons)
8. Belgium (19.0 tons)

Exports of Inorganic Acids; Other than Hydrogen Fluoride in the UK

In 2022, exports of inorganic acids; other than hydrogen fluorides from the UK surged to 815 tons, with an increase of 31% compared with the previous year. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of inorganic acids; other than hydrogen fluorides soared to $4.1M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from the UK in 2022:

1. Ireland (205.9 tons)
2. Turkey (165.7 tons)
3. Australia (109.1 tons)
4. France (64.2 tons)
5. Netherlands (49.3 tons)
6. Singapore (36.6 tons)
7. Japan (30.4 tons)
8. Belgium (25.5 tons)
9. Sweden (16.3 tons)
10. Germany (16.1 tons)
11. Spain (16.1 tons)
12. Switzerland (12.6 tons)
13. United States (5.6 tons)

Source: IndexBox Market Intelligence Platform