CIS: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in CIS

The CIS hydrogen peroxide market was estimated at $X in 2022, surging by 4.3% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.2% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Hydrogen Peroxide Production in CIS

In value terms, hydrogen peroxide production shrank slightly to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -0.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 32%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Hydrogen Peroxide Exports

Exports in CIS

After two years of decline, overseas shipments of hydrogen peroxide increased by 150% to X tons in 2022. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide exports soared to $X in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons) and Russia (X tons) dominates exports structure, together creating 96% of total exports. Kazakhstan (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +1,797.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide supplying countries in the CIS were Uzbekistan ($X), Russia ($X) and Kazakhstan ($X), together accounting for 99% of total exports.

Uzbekistan, with a CAGR of +1,937.8%, 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 the CIS stood at $X per ton in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports in CIS

In 2022, approx. X tons of hydrogen peroxide were imported in the CIS; growing by 12% compared with the previous year's figure. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, hydrogen peroxide imports surged to $X in 2022. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia was the major importer of hydrogen peroxide in the CIS, with the volume of imports accounting for X tons, which was near 59% of total imports in 2022. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Belarus (X tons) and Kazakhstan (X tons). All these countries together held near 40% share of total imports.

Imports into Russia increased at an average annual rate of +6.5% from 2012 to 2022. At the same time, Uzbekistan (+19.9%) and Belarus (+15.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +19.9% from 2012-2022. By contrast, Kazakhstan (-2.0%) illustrated a downward trend over the same period. Uzbekistan (+19 p.p.) and Belarus (+5.4 p.p.) significantly strengthened its position in terms of the total imports, while Russia and Kazakhstan saw its share reduced by -11% and -14.5% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported hydrogen peroxide in the CIS, comprising 51% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total imports. It was followed by Kazakhstan, with a 14% share.

In Russia, hydrogen peroxide imports increased at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+29.4% per year) and Kazakhstan (+1.4% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Kazakhstan ($X per ton), while Russia ($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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