Price for Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan - 2023

Contents:

1. Price for Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan (CIF) - 2022
2. Price for Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan (FOB) - 2022
3. Imports of Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan
4. Exports of Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan

Price for Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan (CIF) - 2022

The average import price for inorganic acids; other than hydrogen fluorides stood at $10,214 per ton in 2022, growing by 214% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 1,294% against the previous year. As a result, import price attained the peak level of $10,217 per ton; afterwards, it flattened through to 2022.

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 Indonesia ($60,949 per ton), while the price for China ($4,735 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 (+104.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan (FOB) - 2022

In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $4,000 per ton, almost unchanged from the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the maximum at $4,520 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2020 to 2022, the rate of growth in terms of prices for India amounted to 0.0% per year.

Imports of Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan

In 2022, supplies from abroad of inorganic acids; other than hydrogen fluorides decreased by -59.7% to 2.8 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, imports reached the peak of 10 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $29K in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 107% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Azerbaijan in 2022:

1. China (2050.0 kg)
2. Turkey (522.0 kg)
3. Indonesia (254.0 kg)

Exports of Inorganic Acids; Other than Hydrogen Fluoride in Azerbaijan

In 2022, the amount of inorganic acids; other than hydrogen fluorides exported from Azerbaijan amounted to 1 kg, leveling off at the previous year. Over the period under review, exports saw a precipitous slump. The smallest decline of 99.9% was in 2021.

In value terms, exports of inorganic acids; other than hydrogen fluorides totaled $4 in 2022. In general, exports continue to indicate a dramatic shrinkage. The smallest decline of 99.9% was in 2021.

Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Azerbaijan in 2022:

1. India (1.0 kg)

Source: IndexBox Market Intelligence Platform