Price for Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands (FOB) - 2023
- Price for Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands (CIF) - 2023
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands
Price for Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands (FOB) - 2023
The average export price for inorganic acids; other than hydrogen fluorides stood at $3,073 per ton in October 2023, surging by 33% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in February 2023 an increase of 34% m-o-m. As a result, the export price attained the peak level of $3,303 per ton. From March 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Switzerland ($3,105 per ton), while the average price for exports to Turkey stood at $1,903 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands (CIF) - 2023
The average import price for inorganic acids; other than hydrogen fluorides stood at $848 per ton in October 2023, waning by -54.2% against the previous month. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 61% month-to-month. As a result, import price reached the peak level of $3,910 per ton. From June 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($1,410 per ton), while the price for Taiwan (Chinese) stood at $600 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (-1.8%), while the prices for the other major suppliers experienced a decline.
Exports of Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands
For the fourth year in a row, the Netherlands recorded growth in overseas shipments of inorganic acids; other than hydrogen fluorides, which increased by 0.9% to 12K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +55.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of inorganic acids; other than hydrogen fluorides skyrocketed to $28M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 8.3 | 12.9 | 21.6 | 39.2% |
| Belgium | N/A | N/A | 3.9 | 2.1 | -46.2% |
| South Korea | 0.5 | 0.6 | 0.9 | 1.5 | 44.2% |
| France | 0.3 | 1.1 | 2.0 | 0.9 | 44.2% |
| Japan | 0.1 | 0.3 | 0.1 | 0.4 | 58.7% |
| Switzerland | 1.5 | 0.8 | N/A | 0.1 | -59.5% |
| Others | 1.1 | 6.1 | 2.6 | 1.1 | 0.0% |
| Total | 11.4 | 17.2 | 22.5 | 27.7 | 34.4% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from the Netherlands in 2022:
- Germany (8.7K tons)
- Belgium (1.4K tons)
- South Korea (0.6K tons)
- France (0.2K tons)
- Japan (0.2K tons)
Imports of Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands
In 2022, after three years of growth, there was decline in supplies from abroad of inorganic acids; other than hydrogen fluorides, when their volume decreased by -2.4% to 8K tons. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of 8.2K tons, and then fell slightly in the following year.
In value terms, imports of inorganic acids; other than hydrogen fluorides shrank to $17M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 131%. As a result, imports reached the peak of $18M, and then reduced in the following year.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.5 | 1.2 | 5.6 | 11.3 | 96.0% |
| Germany | 1.1 | 1.2 | 1.8 | 2.7 | 34.9% |
| Taiwan (Chinese) | 1.3 | 0.9 | 0.9 | 1.8 | 11.5% |
| India | 0.4 | 0.9 | 0.2 | 0.1 | -37.0% |
| Spain | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| China | 0.6 | 2.2 | 8.1 | N/A | 267.4% |
| Others | 0.2 | 1.4 | 1.8 | 1.0 | 71.0% |
| Total | 5.2 | 7.9 | 18.4 | 17.0 | 48.4% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to the Netherlands in 2022:
- Belgium (3.7K tons)
- Taiwan (Chinese) (2.0K tons)
- Germany (1.8K tons)
- Spain (0.1K tons)
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