Price for Inorganic Acids; Other than Hydrogen Fluoride in Turkey - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Turkey (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Turkey (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Turkey
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Turkey
Price for Inorganic Acids; Other than Hydrogen Fluoride in Turkey (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $2,950 per ton, growing by 69% against the previous year. Over the period under review, the import price saw a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Germany ($3,254 per ton), while the price for Taiwan (Chinese) ($935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Turkey (FOB) - 2022
In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $1,478 per ton, increasing by 41% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 111%. Over the period under review, the average export prices hit record highs at $3,441 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($4,905 per ton), while the average price for exports to Angola ($250 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 Syrian Arab Republic (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Turkey
In 2022, overseas purchases of inorganic acids; other than hydrogen fluorides decreased by -5.8% to 3.3K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. As a result, imports attained the peak of 3.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $9.6M in 2022. Overall, imports, however, saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,011 | 3,135 | 4,475 | 8,033 | 58.7% |
| India | 179 | 118 | 110 | 367 | 27.0% |
| Germany | 238 | 304 | 438 | 313 | 9.6% |
| Spain | 177 | 120 | 165 | 283 | 16.9% |
| Indonesia | 140 | 261 | 196 | 270 | 24.5% |
| Russia | N/A | N/A | N/A | 102 | 0% |
| Taiwan (Chinese) | 158 | 23.5 | 32.0 | 28.5 | -43.5% |
| Others | 254 | 277 | 653 | 245 | -1.2% |
| Total | 3,157 | 4,238 | 6,069 | 9,641 | 45.1% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Turkey in 2022:
- China (2532.7 tons)
- India (189.3 tons)
- Indonesia (151.5 tons)
- Spain (150.3 tons)
- Germany (96.2 tons)
- Russia (63.0 tons)
- Taiwan (Chinese) (30.5 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Turkey
After two years of decline, overseas shipments of inorganic acids; other than hydrogen fluorides increased by 50% to 285 tons in 2022. Over the period under review, exports, however, faced a deep contraction.
In value terms, exports of inorganic acids; other than hydrogen fluorides surged to $421K in 2022. Overall, exports, however, continue to indicate a drastic downturn.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 0.6 | N/A | N/A | 133 | 505.2% |
| Ukraine | 88.3 | 72.6 | N/A | 49.0 | -17.8% |
| Cyprus | 48.0 | 32.3 | 31.3 | 48.1 | 0.1% |
| Russia | 0.5 | 0.2 | 0.2 | 37.1 | 320.2% |
| Azerbaijan | 4.7 | 21.8 | 8.1 | 30.4 | 86.3% |
| Bangladesh | 139 | 58.0 | 57.3 | 26.9 | -42.2% |
| Iran | 228 | 137 | 21.4 | 12.2 | -62.3% |
| Angola | N/A | N/A | N/A | 2.5 | 0% |
| Others | 87.2 | 68.7 | 80.4 | 81.5 | -2.2% |
| Total | 596 | 390 | 199 | 421 | -10.9% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Turkey in 2022:
- Cyprus (123.2 tons)
- Kazakhstan (85.0 tons)
- Bangladesh (15.0 tons)
- Ukraine (10.0 tons)
- Angola (10.0 tons)
- Russia (9.3 tons)
- Azerbaijan (8.5 tons)
- Iran (4.3 tons)
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