Price for Inorganic Acids; Other than Hydrogen Fluoride in the United States - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in the United States (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in the United States (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in the United States
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in the United States
Price for Inorganic Acids; Other than Hydrogen Fluoride in the United States (CIF) - 2022
The average import price for inorganic acids; other than hydrogen fluorides stood at $2,713 per ton in 2022, increasing by 60% against the previous year. Overall, the import price showed a resilient expansion. 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 China ($3,744 per ton), while the price for Mexico ($342 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in the United States (FOB) - 2022
The average export price for inorganic acids; other than hydrogen fluorides stood at $3,575 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the export price, however, showed a slight decline. Over the period under review, the average export prices attained the peak figure at $4,315 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($10,378 per ton), while the average price for exports to Canada ($1,163 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 (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in the United States
After two years of decline, purchases abroad of inorganic acids; other than hydrogen fluorides increased by 45% to 46K tons in 2022. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 $126M in 2022. Over the period under review, imports saw significant growth. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.4 | 26.0 | 34.7 | 96.0 | 46.7% |
| Taiwan (Chinese) | 6.1 | 4.1 | 4.2 | 8.6 | 12.1% |
| India | 1.6 | 0.7 | 1.3 | 4.4 | 40.1% |
| Malaysia | 0.3 | 0.2 | 0.1 | 2.5 | 102.7% |
| Indonesia | 2.7 | 2.3 | 1.5 | 2.4 | -3.9% |
| Canada | 1.2 | 1.4 | 2.1 | 2.1 | 20.5% |
| Germany | 1.7 | 1.6 | 2.1 | 1.7 | 0.0% |
| Israel | 1.9 | 1.7 | 1.8 | 1.3 | -11.9% |
| Mexico | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Others | 3.3 | 5.0 | 6.0 | 6.4 | 24.7% |
| Total | 49.8 | 43.5 | 54.3 | 126 | 36.3% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to the United States in 2022:
- China (25.6K tons)
- Taiwan (Chinese) (7.4K tons)
- Indonesia (3.8K tons)
- India (2.2K tons)
- Malaysia (2.2K tons)
- Mexico (1.3K tons)
- Canada (1.1K tons)
- Israel (1.1K tons)
- Germany (0.5K tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in the United States
In 2022, overseas shipments of inorganic acids; other than hydrogen fluorides decreased by -4.9% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 8.3% against the previous year. As a result, the exports attained the peak of 11K tons, and then reduced in the following year.
In value terms, exports of inorganic acids; other than hydrogen fluorides expanded notably to $39M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 3.1 | 6.0 | 6.7 | 35.4% |
| South Korea | 3.5 | 4.1 | 3.8 | 5.0 | 12.6% |
| Taiwan (Chinese) | 5.2 | 5.8 | 5.9 | 4.8 | -2.6% |
| Canada | 2.8 | 2.3 | 4.3 | 3.6 | 8.7% |
| India | 0.4 | 1.8 | 1.0 | 3.3 | 102.1% |
| Mexico | 2.7 | 3.0 | 2.8 | 3.1 | 4.7% |
| Belgium | 3.9 | 2.4 | 1.5 | 1.4 | -28.9% |
| Japan | 5.0 | 1.9 | 0.8 | 0.7 | -48.1% |
| Brazil | 0.5 | 0.6 | 0.3 | 0.5 | 0.0% |
| Singapore | 0.5 | 1.3 | 1.1 | 0.5 | 0.0% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 5.5 | 4.8 | 6.7 | 8.8 | 17.0% |
| Total | 32.8 | 31.2 | 34.5 | 38.8 | 5.8% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from the United States in 2022:
- Canada (3087.9 tons)
- China (1806.1 tons)
- India (1757.8 tons)
- Taiwan (Chinese) (784.3 tons)
- Mexico (727.2 tons)
- Belgium (522.7 tons)
- South Korea (479.2 tons)
- Japan (194.8 tons)
- Thailand (167.6 tons)
- Brazil (164.9 tons)
- Singapore (74.1 tons)
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