China: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in China

The Chinese hydrogen peroxide market was estimated at $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value 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, consumption decreased by -1.4% against 2020 indices. Hydrogen peroxide consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Hydrogen Peroxide Production in China

In value terms, hydrogen peroxide production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value 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, production decreased by -1.5% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Hydrogen peroxide production peaked at $X in 2020; afterwards, it flattened through to 2022.

Hydrogen Peroxide Exports

Exports from China

After three years of decline, shipments abroad of hydrogen peroxide increased by 65% to X tons in 2022. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 447% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydrogen peroxide exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 564% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X tons) was the main destination for hydrogen peroxide exports from China, with a 41% share of total exports. Moreover, hydrogen peroxide exports to Russia exceeded the volume sent to the second major destination, Cambodia (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+58.7% per year) and Turkey (+16.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for hydrogen peroxide exports from China, comprising 78% of total exports. The second position in the ranking was held by Cambodia ($X), with a 3.2% share of total exports. It was followed by Turkey, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +126.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+54.5% per year) and Turkey (+32.5% per year).

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, with an increase of 200% against the previous year. In general, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kenya ($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 Russia (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into China

In 2022, overseas purchases of hydrogen peroxide decreased by -25.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of X tons, and then declined markedly in the following year.

In value terms, hydrogen peroxide imports shrank dramatically to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 38%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Thailand (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of hydrogen peroxide imports to China, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +14.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest hydrogen peroxide suppliers to China were Thailand ($X), Japan ($X) and South Korea ($X), together accounting for 78% of total imports.

Thailand, with a CAGR of +11.3%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, increasing by 2.7% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2016 an increase of 26%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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