Asia-Pacific: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Asia-Pacific

The Asia-Pacific hydrogen peroxide market amounted to $X in 2022, approximately mirroring the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -2.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in Asia-Pacific

In value terms, hydrogen peroxide production expanded modestly 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 +5.7% 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 -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of hydrogen peroxide, which increased by 11% to X tons in 2022. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +95.2% against 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 20%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

South Korea (X tons) and Thailand (X tons) represented roughly 64% of total exports in 2022. Bangladesh (X tons) held a 9% share (based on physical terms) of total exports, which put it in second place, followed by India (8.5%) and Japan (7.4%). The following exporters - Indonesia (X tons) and China (X tons) - together made up 7% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Thailand ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined 58% share of total exports. India, China, Bangladesh and Indonesia lagged somewhat behind, together accounting for a further 26%.

India, with a CAGR of +39.4%, saw the highest growth rate of the value of exports, among 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the other leaders experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports in Asia-Pacific

After two years of growth, supplies from abroad of hydrogen peroxide decreased by -0.3% to X tons in 2022. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.9% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, hydrogen peroxide imports stood at $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.2% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons), distantly followed by Vietnam (X tons), China (X tons), India (X tons), Indonesia (X tons), Singapore (X tons), Malaysia (X tons) and Japan (X tons) were the key importers of hydrogen peroxide, together making up 84% of total imports. The following importers - Pakistan (X tons) and the Philippines (X tons) - each reached a 6.9% share of total imports.

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, the largest hydrogen peroxide importing markets in Asia-Pacific were Taiwan (Chinese) ($X), China ($X) and Vietnam ($X), with a combined 47% share of total imports.

Vietnam, with a CAGR of +10.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 5.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Singapore (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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