Price for Inorganic Acids; Other than Hydrogen Fluoride in Australia - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Australia (CIF) - 2023
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Australia (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Australia
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Australia
Price for Inorganic Acids; Other than Hydrogen Fluoride in Australia (CIF) - 2023
The average import price for inorganic acids; other than hydrogen fluorides stood at $1,649 per ton in November 2023, with an increase of 11% against the previous month. Over the period under review, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in December 2022 an increase of 122% m-o-m. As a result, import price reached the peak level of $6,129 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,193 per ton), while the price for Taiwan (Chinese) ($744 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 Israel (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Australia (FOB) - 2022
In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $390 per ton, which is down by -40.9% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2017 an increase of 76% against the previous year. The export price peaked at $1,127 per ton in 2012; however, from 2013 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 South Korea ($379 per ton), while the average price for exports to Japan ($225 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 South Korea (+2.3%), while the prices for the other major destinations experienced a decline.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Australia
Imports of inorganic acids; other than hydrogen fluorides into Australia stood at 7K tons in 2022, picking up by 10% against the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides surged to $14M in 2022. Overall, imports showed a significant expansion. 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 Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 2.9 | 3.9 | 9.4 | 67.5% |
| Malaysia | 1.3 | 1.6 | 1.8 | 1.6 | 7.2% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.7 | 1.4 | 91.3% |
| United Kingdom | 0.2 | 0.4 | 0.6 | 0.4 | 26.0% |
| New Zealand | 0.6 | 0.4 | 0.3 | 0.2 | -30.7% |
| Israel | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Indonesia | 0.4 | 0.3 | N/A | 0.1 | -37.0% |
| Serbia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.7 | 0.7 | 0.7 | 32.6% |
| Total | 5.3 | 6.9 | 8.5 | 14.0 | 38.2% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Australia in 2022:
- China (3121.9 tons)
- Malaysia (1280.2 tons)
- Taiwan (Chinese) (893.6 tons)
- New Zealand (665.4 tons)
- Serbia (558.4 tons)
- Israel (188.4 tons)
- United Kingdom (106.6 tons)
- Indonesia (80.5 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Australia
After three years of growth, overseas shipments of inorganic acids; other than hydrogen fluorides decreased by -11.9% to 1.7K tons in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of 1.9K tons, and then reduced in the following year.
In value terms, exports of inorganic acids; other than hydrogen fluorides shrank notably to $646K in 2022. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 97% against the previous year. As a result, the exports reached the peak of $1.2M, and then dropped dramatically in the following year.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 251 | 196 | 312 | 255 | 0.5% |
| South Korea | 126 | 170 | 126 | 110 | -4.4% |
| Malaysia | 61.2 | 49.2 | 77.0 | 58.1 | -1.7% |
| Others | 67.0 | 215 | 726 | 222 | 49.1% |
| Total | 505 | 631 | 1,241 | 646 | 8.6% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Australia in 2022:
- Japan (1135.6 tons)
- South Korea (291.0 tons)
- Malaysia (221.1 tons)
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