Africa's Growing Market for Hydrogen Fluoride: Consumption, Production, and Imports Analysis
Key Ideas
- Africa's demand for hydrogen fluoride is increasing, with a forecasted market volume of 402K tons and a value of $1B by 2035.
- Nigeria leads in both consumption and production of hydrogen fluoride, with significant growth in market share and value.
- The continent's hydrogen fluoride market is expected to have a moderate growth rate over the next decade, driven by various countries like Mozambique, Ghana, and Sudan.
- Imports of hydrogen fluoride in Africa have significantly increased, with a notable expansion in volume and value terms, indicating a growing market for the product.
IndexBox's recent report highlights the rising demand for hydrogen fluoride (hydrofluoric acid) in Africa, leading to an upward consumption trend over the next decade. The market is forecasted to grow with a CAGR of +1.1% in volume and +2.1% in value from 2024 to 2035, reaching a market volume of 402K tons and a value of $1B by the end of 2035.
Africa's hydrogen fluoride consumption in 2024 stood at 356K tons, showing steady growth over the years. Nigeria emerged as the largest consumer with 28% of the total volume, followed by Egypt and South Africa. The market value in 2024 contracted to $820M but is projected to rise over the forecast period.
Production of hydrogen fluoride in Africa reached 354K tons in 2024, with Nigeria being the leading producer. Sudan, with a CAGR of +3.6%, showed significant growth in production. Imports of hydrogen fluoride surged to 3.2K tons in 2024, indicating a growing market.
Significant growth rates were observed in countries like Uganda, Mozambique, Ghana, and Sudan, both in consumption and production. Mozambique, Ghana, and Sudan had the highest per capita consumption levels in 2024, showing potential for further market expansion. Overall, the report presents a positive outlook on Africa's hydrogen fluoride market with opportunities for growth and development.
Topics
Asia
Industry Insights
Market Analysis
Economic Forecast
Consumption Trends
Import Statistics
Production Volume
Value Growth
Regional Consumption
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