India: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in India

The Indian hydrogen chloride market dropped slightly to $X in 2022, remaining stable against the previous year. In general, consumption saw a slight decline. The pace of growth appeared the most rapid in 2017 when the market value increased by X%. Hydrogen chloride consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Chloride Production in India

In value terms, hydrogen chloride production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Hydrogen chloride production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hydrogen Chloride Exports

Exports from India

In 2022, the amount of hydrogen chloride (hydrochloric acid) exported from India rose remarkably to X tons, growing by X% on 2021 figures. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydrogen chloride exports totaled $X in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

South Africa (X tons), Malaysia (X tons) and Nepal (X tons) were the main destinations of hydrogen chloride exports from India, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydrogen chloride exported from India were South Africa ($X), Malaysia ($X) and Kenya ($X), together comprising X% of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydrogen chloride export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Nepal ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into India

In 2022, overseas purchases of hydrogen chloride (hydrochloric acid) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hydrogen chloride imports surged to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of hydrogen chloride imports to India, together comprising X% of total imports. South Korea, Switzerland and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen chloride suppliers to India were the United States ($X), Germany ($X) and South Korea ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydrogen chloride import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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