Asia: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Asia

The Asian hydrogen peroxide market was estimated at $X in 2022, leveling off at the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hydrogen Peroxide Production in Asia

In value terms, hydrogen peroxide production amounted to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 26%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Hydrogen Peroxide Exports

Exports in Asia

In 2022, the amount of hydrogen peroxide exported in Asia surged to X tons, rising by 25% against the year before. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, South Korea (X tons) and Thailand (X tons) were the main exporters of hydrogen peroxide in Asia, together resulting at near 54% of total exports. It was distantly followed by Turkey (X tons), Bangladesh (X tons), India (X tons) and Japan (X tons), together constituting a 33% share of total exports. Indonesia (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide supplying countries in Asia were South Korea ($X), Thailand ($X) and Turkey ($X), with a combined 53% share of total exports. Japan, India, Bangladesh and Indonesia lagged somewhat behind, together comprising a further 24%.

India, with a CAGR of +39.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. The level of export peaked in 2022 and is likely to continue 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 Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the other leaders experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports in Asia

For the third year in a row, Asia recorded growth in overseas purchases of hydrogen peroxide, which increased by 8.1% to X tons in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.3% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, hydrogen peroxide imports surged to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.8% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 35% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of hydrogen peroxide imports in 2022 were Taiwan (Chinese) (X tons), Turkey (X tons), Israel (X tons), Vietnam (X tons), China (X tons), India (X tons), Indonesia (X tons), Uzbekistan (X tons), Singapore (X tons), Malaysia (X tons) and Japan (X tons), together finishing at 86% of total import. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Israel ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, together comprising 39% of total imports. China, Vietnam, Singapore, Uzbekistan, India, Indonesia, Malaysia, Japan and Pakistan lagged somewhat behind, together comprising a further 47%.

Among the main importing countries, Uzbekistan, with a CAGR of +29.4%, 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

The import price in Asia stood at $X per ton in 2022, picking up by 8.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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