MENA: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in MENA

The MENA's hydrogen fluoride market expanded notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hydrogen Fluoride Production in MENA

In value terms, hydrogen fluoride production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hydrogen Fluoride Exports

Exports in MENA

In 2022, shipments abroad of hydrogen fluoride (hydrofluoric acid) increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the key exporting country with an export of about X tons, which resulted at X% of total exports. Turkey (X tons) took the second position in the ranking, distantly followed by Saudi Arabia (X tons) and Jordan (X tons). All these countries together took approx. X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the hydrogen fluoride (hydrofluoric acid) exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) and Saudi Arabia (X%) displayed positive paces of growth. By contrast, Jordan (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Jordan (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest hydrogen fluoride supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Jordan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Jordan (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Jordan ($X per ton), while Turkey ($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 other leaders experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports in MENA

In 2022, approx. X tons of hydrogen fluoride (hydrofluoric acid) were imported in MENA; increasing by X% against the previous year. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen fluoride imports soared to $X in 2022. Overall, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and Israel (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by the United Arab Emirates (X tons), mixing up an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The level of import peaked 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 the United Arab Emirates ($X per ton), while Turkey ($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 other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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