Vietnam: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Vietnam

In 2022, after three years of decline, there was growth in the Vietnamese hydrogen chloride market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a abrupt contraction. Hydrogen chloride consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hydrogen Chloride Production in Vietnam

In value terms, hydrogen chloride production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Hydrogen Chloride Exports

Exports from Vietnam

In 2022, approx. X tons of hydrogen chloride (hydrochloric acid) were exported from Vietnam; with an increase of X% compared with the previous year. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydrogen chloride exports soared to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons), Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of hydrogen chloride exports from Vietnam, 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 Lao People's Democratic Republic (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 Vietnam were Brunei Darussalam ($X), Cambodia ($X) and Lao People's Democratic Republic ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Lao People's Democratic Republic, 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

In 2022, the average hydrogen chloride export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price 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, hydrogen chloride export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Cambodia ($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 Cambodia (X%), while the prices for the other major destinations experienced a decline.

Hydrogen Chloride Imports

Imports into Vietnam

In 2022, supplies from abroad of hydrogen chloride (hydrochloric acid) decreased by X% to X tons, falling for the third consecutive year after five years of growth. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydrogen chloride imports declined dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X tons) was the main supplier of hydrogen chloride to Vietnam, accounting for a X% share of total imports. Moreover, hydrogen chloride imports from Pakistan exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Pakistan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, the largest hydrogen chloride suppliers to Vietnam were China ($X), South Korea ($X) and India ($X).

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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