Austria: Hydrogen Chloride Market 2023

Hydrogen Chloride Market Size in Austria

The Austrian hydrogen chloride market skyrocketed to $X in 2021, increasing by 2,169% against the previous year. Overall, consumption, however, recorded a deep contraction. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Hydrogen Chloride Production in Austria

In value terms, hydrogen chloride production rose notably to $X in 2021 estimated in export price. Overall, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 191% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Hydrogen Chloride Exports

Exports from Austria

After two years of growth, overseas shipments of hydrogen chloride (hydrochloric acid) decreased by -92.4% to X tons in 2021. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,162% against the previous year. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, hydrogen chloride exports surged to $X in 2021. In general, total exports indicated a significant increase from 2019 to 2021: its value increased at an average annual rate of +25.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of hydrogen chloride exports from Austria, together accounting for 72% of total exports. Hungary, the UK, the Netherlands, Turkey, Switzerland, Slovenia, the Czech Republic and France lagged somewhat behind, together comprising a further 23%.

From 2019 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +1,779.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Hungary ($X) appeared to be the largest markets for hydrogen chloride exported from Austria worldwide, together accounting for 76% of total exports. These countries were followed by the Netherlands, the UK, Switzerland, Slovenia, the Czech Republic, France, Belgium and Turkey, which together accounted for a further 21%.

The Netherlands, with a CAGR of +2,389.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, growing by 1,595% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+32.5%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into Austria

In 2021, overseas purchases of hydrogen chloride (hydrochloric acid) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable reduction. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a slight descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest hydrogen chloride supplier to Austria, accounting for a 60% share of total imports. Moreover, hydrogen chloride imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-10.3% per year) and Slovenia (+8.0% per year).

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Austria, comprising 62% of total imports. The second position in the ranking was taken by Slovenia ($X), with an 18% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+12.9% per year) and Hungary (-9.9% per year).

Import Prices by Country

In 2021, the average hydrogen chloride import price amounted to $X per ton, growing by 25% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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