ECOWAS: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in ECOWAS

The ECOWAS hydrogen fluoride market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Hydrogen Fluoride Production in ECOWAS

In value terms, hydrogen fluoride production expanded significantly to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Hydrogen Fluoride Exports

Exports in ECOWAS

After three years of growth, shipments abroad of hydrogen fluoride (hydrofluoric acid) decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, hydrogen fluoride exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

The biggest shipments were from Nigeria (X tons), together accounting for X% of total export.

Nigeria was also the fastest-growing in terms of the hydrogen fluoride (hydrofluoric acid) exports, with a CAGR of X% from 2013 to 2022. While the share of Nigeria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest hydrogen fluoride supplier in ECOWAS.

In Nigeria, hydrogen fluoride exports declined by an average annual rate of X% over the period from 2013-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2013 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Hydrogen Fluoride Imports

Imports in ECOWAS

In 2022, the amount of hydrogen fluoride (hydrofluoric acid) imported in ECOWAS declined sharply to X tons, which is down by X% on the year before. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hydrogen fluoride imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Burkina Faso was the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Ghana (X tons), constituting a X% share of total imports. The following importers - Nigeria (X kg), Guinea (X kg) and Mali (X kg) - together made up X% of total imports.

Burkina Faso was also the fastest-growing in terms of the hydrogen fluoride (hydrofluoric acid) imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Nigeria (X%) and Guinea (X%) displayed positive paces of growth. By contrast, Mali (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (X p.p.) and Mali (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported hydrogen fluoride (hydrofluoric acid) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Guinea ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Ghana, hydrogen fluoride imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw noticeable growth. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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