Price for Inorganic Acids; Other than Hydrogen Fluoride in India - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in India (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in India (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in India
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in India
Price for Inorganic Acids; Other than Hydrogen Fluoride in India (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $3,305 per ton, jumping by 57% against the previous year. In general, the import price recorded resilient growth. 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 Japan ($6,872 per ton), while the price for Israel ($2,430 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in India (FOB) - 2022
The average export price for inorganic acids; other than hydrogen fluorides stood at $2,557 per ton in 2022, increasing by 8.5% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +77.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($11,288 per ton), while the average price for exports to Myanmar ($753 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 Taiwan (Chinese) (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in India
In 2022, overseas purchases of inorganic acids; other than hydrogen fluorides decreased by -23.2% to 8.6K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports attained the peak of 14K 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 surged to $28M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 2.2 | 2.4 | 3.9 | 6.8 | 45.7% |
| Japan | 0.4 | 1.9 | 0.4 | 5.8 | 143.8% |
| China | 8.7 | 9.6 | 9.3 | 5.1 | -16.3% |
| Israel | 3.7 | 3.3 | 4.4 | 3.8 | 0.9% |
| Belgium | 1.7 | 3.2 | 1.5 | 3.7 | 29.6% |
| France | 2.1 | 1.8 | 1.7 | 1.5 | -10.6% |
| United States | 0.2 | 1.7 | 1.1 | 0.6 | 44.2% |
| Singapore | 0.7 | 0.3 | 0.7 | 0.5 | -10.6% |
| Indonesia | 0.4 | 0.3 | 0.1 | N/A | -50.0% |
| Taiwan (Chinese) | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Others | 0.3 | 0.6 | 0.4 | 0.5 | 18.6% |
| Total | 20.8 | 25.5 | 23.5 | 28.3 | 10.8% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to India in 2022:
- Jordan (2515.0 tons)
- Israel (1552.1 tons)
- China (1419.9 tons)
- Belgium (1387.6 tons)
- Japan (848.0 tons)
- France (392.4 tons)
- United States (181.0 tons)
- Singapore (155.8 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in India
In 2022, the amount of inorganic acids; other than hydrogen fluorides exported from India soared to 6.1K tons, growing by 53% compared with the previous year's figure. In general, exports, however, recorded a abrupt decline.
In value terms, exports of inorganic acids; other than hydrogen fluorides soared to $16M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9,987 | 2,253 | 3,654 | 4,647 | -22.5% |
| United States | 1,868 | 990 | 2,284 | 3,827 | 27.0% |
| Germany | 155 | 6.8 | 192 | 1,196 | 97.6% |
| United Arab Emirates | 155 | 332 | 275 | 819 | 74.2% |
| Taiwan (Chinese) | 720 | 67.3 | 159 | 768 | 2.2% |
| Malaysia | 551 | 1,129 | 853 | 767 | 11.7% |
| Myanmar | 15.5 | 1.0 | 18.9 | 614 | 240.9% |
| South Korea | 464 | 348 | 176 | 492 | 2.0% |
| Thailand | 50.4 | 19.8 | 112 | 449 | 107.3% |
| South Africa | 18.1 | 138 | 206 | 416 | 184.3% |
| Kenya | 37.9 | 55.4 | 55.5 | 128 | 50.0% |
| Saudi Arabia | 55.0 | 40.4 | 66.4 | 116 | 28.2% |
| Turkey | 183 | 120 | 124 | 49.8 | -35.2% |
| Others | 1,159 | 1,466 | 1,262 | 1,350 | 5.2% |
| Total | 15,420 | 6,966 | 9,438 | 15,638 | 0.5% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from India in 2022:
- United States (1593.2 tons)
- China (1561.2 tons)
- Myanmar (815.7 tons)
- United Arab Emirates (379.6 tons)
- Malaysia (271.1 tons)
- South Africa (213.1 tons)
- Thailand (155.9 tons)
- Taiwan (Chinese) (146.4 tons)
- Kenya (127.5 tons)
- Germany (106.0 tons)
- Saudi Arabia (99.6 tons)
- South Korea (62.2 tons)
- Turkey (26.5 tons)
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