Brazil: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Brazil

In 2022, after four years of decline, there was growth in the Brazilian hydrogen peroxide market, when its value increased by 1.6% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Hydrogen Peroxide Production in Brazil

In value terms, hydrogen peroxide production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Hydrogen Peroxide Exports

Exports from Brazil

After two years of growth, shipments abroad of hydrogen peroxide decreased by -2.1% to X tons in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +38.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 24%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank slightly in the following year.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Over the period under review, total exports indicated resilient 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, exports increased by +57.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Argentina (X tons) and Peru (X tons) were the main destinations of hydrogen peroxide exports from Brazil, with a combined 74% share of total exports. Ecuador, Colombia and the Dominican Republic lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydrogen peroxide exported from Brazil were Chile ($X), Argentina ($X) and Peru ($X), together comprising 69% of total exports. Ecuador, Colombia and the Dominican Republic lagged somewhat behind, together comprising a further 25%.

Ecuador, with a CAGR of +27.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydrogen peroxide export price amounted to $X per ton, increasing by 25% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Brazil

In 2022, imports of hydrogen peroxide into Brazil contracted markedly to X tons, declining by -40% against the year before. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 104% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hydrogen peroxide imports contracted markedly to $X in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of hydrogen peroxide to Brazil, accounting for a 38% share of total imports. Moreover, hydrogen peroxide imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +56.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.1% per year) and Germany (-2.5% per year).

In value terms, the United States ($X), Spain ($X) and Ireland ($X) appeared to be the largest hydrogen peroxide suppliers to Brazil, with a combined 57% share of total imports.

Ireland, with a CAGR of +62.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, growing by 40% against the previous year. Overall, the import price continues to indicate a moderate increase. The growth pace was the most rapid in 2020 when the average import price increased by 171%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+78.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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