Latin America and the Caribbean: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Latin America and the Caribbean

The Latin American hydrogen chloride market contracted slightly to $X in 2022, flattening at the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Hydrogen Chloride Production in Latin America and the Caribbean

In value terms, hydrogen chloride production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hydrogen Chloride Exports

Exports in Latin America and the Caribbean

In 2022, exports of hydrogen chloride (hydrochloric acid) in Latin America and the Caribbean shrank modestly to X tons, falling by X% against the previous year's figure. Total exports indicated a temperate expansion 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 most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hydrogen chloride exports expanded significantly to $X in 2022. Total exports indicated a slight expansion 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 most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay was the main exporter of hydrogen chloride (hydrochloric acid) in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Colombia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%) and Argentina (X%).

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen chloride supplying countries in Latin America and the Caribbean were Peru ($X), Colombia ($X) and Uruguay ($X), together comprising X% of total exports. Argentina lagged somewhat behind, accounting for a further X%.

Argentina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Hydrogen Chloride Imports

Imports in Latin America and the Caribbean

In 2022, the amount of hydrogen chloride (hydrochloric acid) imported in Latin America and the Caribbean skyrocketed to X tons, growing by X% compared with the previous year. Total imports indicated measured growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydrogen chloride imports soared to $X in 2022. Total imports indicated a notable expansion 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the major importing country with an import of around X tons, which amounted to X% of total imports. The Dominican Republic (X tons) held the second position in the ranking, followed by Guatemala (X tons), El Salvador (X tons), Ecuador (X tons) and Nicaragua (X tons). All these countries together held approx. X% share of total imports. Jamaica (X tons), Costa Rica (X tons), Honduras (X tons), Trinidad and Tobago (X tons), Mexico (X tons) and Bolivia (X tons) took a minor share of total imports.

Brazil was also the fastest-growing in terms of the hydrogen chloride (hydrochloric acid) imports, with a CAGR of X% from 2012 to 2022. At the same time, Nicaragua (X%), Trinidad and Tobago (X%), Ecuador (X%) and Mexico (X%) displayed positive paces of growth. Honduras, Bolivia and El Salvador experienced a relatively flat trend pattern. By contrast, Guatemala (X%), Jamaica (X%), the Dominican Republic (X%) and Costa Rica (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Honduras (X p.p.), Jamaica (X p.p.), El Salvador (X p.p.), Costa Rica (X p.p.), Guatemala (X p.p.) and the Dominican Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported hydrogen chloride (hydrochloric acid) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Guatemala ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jamaica ($X per ton), while Brazil ($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 Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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