Price for Inorganic Acids; Other than Hydrogen Fluoride in Japan - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Japan (FOB) - 2023
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Japan (CIF) - 2022
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Japan
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Japan
Price for Inorganic Acids; Other than Hydrogen Fluoride in Japan (FOB) - 2023
The average export price for inorganic acids; other than hydrogen fluorides stood at $4,958 per ton in November 2023, which is down by -69.2% against the previous month. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in June 2023 an increase of 158% against the previous month. As a result, the export price reached the peak level of $24,568 per ton. From July 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Vietnam ($29,182 per ton), while the average price for exports to Indonesia ($1,469 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Japan (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $1,700 per ton, which is down by -4.3% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 50%. As a result, import price attained the peak level of $4,248 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 the United States ($16,271 per ton), while the price for Indonesia ($735 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Japan
After three years of growth, overseas shipments of inorganic acids; other than hydrogen fluorides decreased by -10.5% to 7.5K tons in 2022. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of 8.3K tons, and then contracted in the following year.
In value terms, exports of inorganic acids; other than hydrogen fluorides expanded sharply to $70M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 15.5 | 34.9 | 33.9 | 39.5% |
| Taiwan (Chinese) | 7.1 | 8.5 | 11.2 | 11.6 | 17.8% |
| South Korea | 10.3 | 11.9 | 10.0 | 9.0 | -4.4% |
| India | 0.7 | 1.5 | 0.4 | 8.0 | 125.2% |
| Indonesia | 0.6 | 0.6 | 1.1 | 1.1 | 22.4% |
| Thailand | 0.6 | 0.7 | 0.7 | 1.0 | 18.6% |
| France | 0.7 | 0.6 | 0.4 | 0.5 | -10.6% |
| Others | 6.1 | 3.8 | 5.1 | 4.7 | -8.3% |
| Total | 38.6 | 43.3 | 63.8 | 69.7 | 21.8% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Japan in 2022:
- China (4374.7 tons)
- India (1067.7 tons)
- South Korea (438.5 tons)
- Taiwan (Chinese) (419.6 tons)
- Indonesia (364.8 tons)
- Thailand (320.4 tons)
- France (262.4 tons)
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Japan
In 2022, the amount of inorganic acids; other than hydrogen fluorides imported into Japan soared to 6K tons, jumping by 22% compared with the year before. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides soared to $10M in 2022. In general, imports, however, recorded a mild downturn.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 1.8 | 4.2 | 4.1 | 36.8% |
| Indonesia | 1.2 | 1.1 | 1.1 | 2.4 | 26.0% |
| Israel | 0.9 | 0.6 | 0.7 | 0.9 | 0.0% |
| Taiwan (Chinese) | 0.8 | 0.6 | 0.6 | 0.8 | 0.0% |
| Jordan | 0.5 | 0.4 | 0.2 | 0.2 | -26.3% |
| Germany | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
| Others | 5.3 | 3.5 | 1.5 | 1.7 | -31.5% |
| Total | 10.5 | 8.2 | 8.7 | 10.1 | -1.3% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Japan in 2022:
- Indonesia (3216.5 tons)
- China (1256.7 tons)
- Taiwan (Chinese) (889.0 tons)
- Israel (306.0 tons)
- Jordan (118.4 tons)
- Germany (21.6 tons)
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