MENA: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in MENA

The MENA's hydrogen chloride market amounted to $X in 2022, picking up by X% against the previous year. Overall, consumption posted strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Chloride Production in MENA

In value terms, hydrogen chloride production rose to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Hydrogen Chloride Exports

Exports in MENA

In 2022, the amount of hydrogen chloride (hydrochloric acid) exported in MENA skyrocketed to X tons, surging by X% on 2021. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, hydrogen chloride exports soared to $X in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia was the largest exporter of hydrogen chloride (hydrochloric acid) in MENA, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%), Kuwait (X%) and Israel (X%). Turkey (X tons) and Iran (X tons) followed a long way behind the leaders.

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

In value terms, Saudi Arabia ($X) remains the largest hydrogen chloride supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Turkey ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Hydrogen Chloride Imports

Imports in MENA

In 2022, overseas purchases of hydrogen chloride (hydrochloric acid) decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hydrogen chloride imports amounted to $X in 2022. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait represented the largest importing country with an import of around X tons, which accounted for X% of total imports. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%), Turkey (X%), Syrian Arab Republic (X%) and Oman (X%). Morocco (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydrogen chloride imports into Kuwait stood at X%. At the same time, Morocco (X%), Israel (X%), Turkey (X%), Oman (X%), Bahrain (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait, Israel, Bahrain, Turkey, Oman, Morocco and Syrian Arab Republic increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported hydrogen chloride (hydrochloric acid) in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

In Kuwait, hydrogen chloride 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: Turkey (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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