Price for Inorganic Acids; Other than Hydrogen Fluoride in Canada - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Canada (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Canada (FOB) - 2023
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Canada
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Canada
Price for Inorganic Acids; Other than Hydrogen Fluoride in Canada (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $1,241 per ton, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price attained 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 India ($2,746 per ton), while the price for the United States ($757 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Canada (FOB) - 2023
The average export price for inorganic acids; other than hydrogen fluorides stood at $3,181 per ton in October 2023, increasing by 165% against the previous month. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $3,644 per ton in November 2022; however, from December 2022 to October 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -0.8% per month.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Canada
In 2022, approx. 7.4K tons of inorganic acids; other than hydrogen fluorides were imported into Canada; almost unchanged from 2021. The total import volume increased at an average annual rate of +8.5% 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 35%. As a result, imports attained the peak of 7.5K tons, and then shrank modestly in the following year.
In value terms, imports of inorganic acids; other than hydrogen fluorides surged to $9.2M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,421 | 1,259 | 1,915 | 3,089 | 29.5% |
| United States | 2,246 | 1,662 | 2,833 | 2,459 | 3.1% |
| Spain | 1,046 | 1,091 | 1,392 | 1,880 | 21.6% |
| Taiwan (Chinese) | 462 | 383 | 369 | 747 | 17.4% |
| Mexico | 201 | 297 | 461 | 408 | 26.6% |
| India | 106 | 100 | 248 | 339 | 47.3% |
| Indonesia | 145 | 94.6 | 148 | 138 | -1.6% |
| Others | 149 | 319 | 145 | 142 | -1.6% |
| Total | 5,776 | 5,206 | 7,512 | 9,202 | 16.8% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Canada in 2022:
- United States (3249.2 tons)
- Spain (1991.8 tons)
- China (1175.6 tons)
- Mexico (358.4 tons)
- Taiwan (Chinese) (348.6 tons)
- Indonesia (139.9 tons)
- India (123.6 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Canada
Exports of inorganic acids; other than hydrogen fluorides from Canada soared to 1.1K tons in 2022, growing by 31% compared with the previous year's figure. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +60.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of inorganic acids; other than hydrogen fluorides soared to $3.3M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 1.4 | 2.3 | 3.1 | 37.2% |
| Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Total | 1.4 | 1.5 | 2.5 | 3.3 | 33.1% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Canada in 2022:
- United States (1100.3 tons)
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