United Arab Emirates: Hydrogen Fluoride Market Overview 2021

Hydrogen Fluoride Market Size in the United Arab Emirates

The hydrogen fluoride market in the United Arab Emirates skyrocketed to $X in 2019, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market failed to regain the momentum.

Hydrogen Fluoride Exports

Exports from the United Arab Emirates

Hydrogen fluoride exports from the United Arab Emirates soared to X tonnes in 2019, growing by X% against 2018 figures. Over the period under review, exports recorded prominent growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen fluoride exports soared to $X in 2019. In general, exports showed a remarkable increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tonnes) was the main destination for hydrogen fluoride exports from the United Arab Emirates, with a X% share of total exports. Moreover, hydrogen fluoride exports to Iran exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Iran stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Seychelles (+X% per year).

In value terms, Iran ($X) remains the key foreign market for hydrogen fluoride exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Iran amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Seychelles (+X% per year).

Export Prices by Country

In 2019, the average hydrogen fluoride export price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Seychelles ($X per tonne), while the average price for exports to Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles, while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Fluoride Imports

Imports into the United Arab Emirates

In 2019, overseas purchases of hydrogen fluoride (hydrofluoric acid) increased by X% to X tonnes for the first time since 2015, thus ending a three-year declining trend. Overall, imports, however, recorded a mild shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, hydrogen fluoride imports soared to $X in 2019. In general, imports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

India (X tonnes), China (X tonnes) and South Korea (X tonnes) were the main suppliers of hydrogen fluoride imports to the United Arab Emirates, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in China, while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of hydrogen fluoride to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2019, the average hydrogen fluoride import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydrogen fluoride (hydrofluoric acid) in the world?

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The countries with the highest volumes of hydrogen fluoride consumption in 2019 were China (449K tonnes), the U.S. (255K tonnes) and India (186K tonnes), together accounting for 49% of global consumption. South Korea, Russia, Japan, Mexico, Taiwan (Chinese), Iran and Thailand lagged somewhat behind, together comprising a further 24%.

What are the largest producers of hydrogen fluoride (hydrofluoric acid) in the world?

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China (715K tonnes) constituted the country with the largest volume of hydrogen fluoride production, comprising approx. 39% of total volume. Moreover, hydrogen fluoride production in China exceeded the figures recorded by the second-largest producer, India (188K tonnes), fourfold. Mexico (168K tonnes) ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of hydrogen fluoride (hydrofluoric acid) to the United Arab Emirates?

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In value terms, India ($51K) constituted the largest supplier of hydrogen fluoride to the United Arab Emirates, comprising 63% of total imports. The second position in the ranking was occupied by China ($15K), with a 19% share of total imports. It was followed by the U.S., with a 6% share.

What are the leading importers of hydrogen fluoride (hydrofluoric acid) from the United Arab Emirates?

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In value terms, Iran ($26K) remains the key foreign market for hydrogen fluoride exports from the United Arab Emirates, comprising 78% of total exports. The second position in the ranking was occupied by Saudi Arabia ($4.2K), with a 13% share of total exports.

What is the average export price for hydrogen fluoride (hydrofluoric acid) in the United Arab Emirates?

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The average hydrogen fluoride export price stood at $1,833 per tonne in 2019, declining by -5.2% against the previous year.

What is the average import price for hydrogen fluoride (hydrofluoric acid) in the United Arab Emirates?

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In 2019, the average hydrogen fluoride import price amounted to $1,589 per tonne, picking up by 5.3% against the previous year.