Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India - 2023

Contents:

  1. Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India (FOB) - 2022
  2. Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India (CIF) - 2022
  3. Exports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India
  4. Imports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India

Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India (FOB) - 2022

The average export price for hydrogen chloride (hydrochloric acid); chlorosulphuric acids stood at $122 per ton in 2022, rising by 4.8% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 21%. The export price peaked at $169 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($178 per ton), while the average price for exports to Nepal ($14 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 Guinea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India (CIF) - 2022

The average import price for hydrogen chloride (hydrochloric acid); chlorosulphuric acids stood at $10,760 per ton in 2022, jumping by 45% against the previous year. Overall, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 75%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 ($14,968 per ton), while the price for Belgium ($4,834 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India

In 2022, approx. 112K tons of hydrogen chloride (hydrochloric acid); chlorosulphuric acids were exported from India; increasing by 9.8% against the year before. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 19%.

In value terms, exports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids skyrocketed to $14M in 2022. In general, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.1% 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 +66.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa3942353,1073,237101.8%
Malaysia3,1451,2542,3451,961-14.6%
Kenya6846811,0281,15018.9%
Nigeria47424136283620.8%
Ghana46342361173716.8%
Ethiopia28820018749219.5%
Cote d'Ivoire24225773.046724.5%
Tanzania3933034844555.0%
Philippines3211901864199.3%
Myanmar3123104353453.4%
Guinea26.112326.8328132.5%
Sri Lanka2942291423010.8%
Nepal171281304160-2.2%
Others5,6263,4972,5872,778-21.0%
Total12,8348,22511,87713,6652.1%

Top Export Markets for Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid from India in 2022:

  1. South Africa (23.2K tons)
  2. Malaysia (20.6K tons)
  3. Nepal (11.6K tons)
  4. Kenya (8.7K tons)
  5. Nigeria (5.9K tons)
  6. Ghana (5.3K tons)
  7. Philippines (3.8K tons)
  8. Tanzania (3.4K tons)
  9. Myanmar (2.9K tons)
  10. Ethiopia (2.8K tons)
  11. Cote d'Ivoire (2.8K tons)
  12. Guinea (2.2K tons)
  13. Sri Lanka (2.0K tons)

Imports of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India

In 2022, the amount of hydrogen chloride (hydrochloric acid); chlorosulphuric acids imported into India dropped to 137 tons, declining by -12.9% against the previous year's figure. In general, imports continue to indicate a significant decrease.

In value terms, imports of hydrogen chloride (hydrochloric acid); chlorosulphuric acids surged to $1.5M in 2022. The total import value increased at an average annual rate of +5.3% over the period 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 2020 when imports increased by 32%. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States17741776.344435.9%
Germany656690505408-14.6%
South Korea3.60.5185253312.7%
Belgium224365200109-21.3%
Spain24.19.924.624.30.3%
Netherlands64.746.6N/A10.7-45.1%
Others10913317322126.6%
Total1,2581,6621,1641,4695.3%

Top Suppliers of Hydrogen Chloride (Hydrochloric Acid); Chlorosulphuric Acid to India in 2022:

  1. United States (46.0 tons)
  2. South Korea (32.9 tons)
  3. Germany (27.2 tons)
  4. Belgium (22.6 tons)
  5. Spain (2.3 tons)
  6. Netherlands (0.5 tons)

Source: IndexBox Market Intelligence Platform

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