Colombia: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Colombia

In 2022, the Colombian hydrogen peroxide market was finally on the rise to reach $X after two years of decline. In general, consumption showed a slight downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports from Colombia

In 2022, approx. X tons of hydrogen peroxide were exported from Colombia; waning by -49.1% on 2021 figures. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 4,620% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, hydrogen peroxide exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,515%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Venezuela (X tons) was the main destination for hydrogen peroxide exports from Colombia, with a 74% share of total exports. Moreover, hydrogen peroxide exports to Venezuela exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+30.7% per year) and Peru (+38.2% per year).

In value terms, the largest markets for hydrogen peroxide exported from Colombia were Venezuela ($X), the Dominican Republic ($X) and Peru ($X), together accounting for 95% of total exports.

The Dominican Republic, with a CAGR of +48.0%, recorded the highest rates of growth with regard to 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, leveling off at the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 58% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Venezuela ($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 Guatemala (+61.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Colombia

Hydrogen peroxide imports into Colombia contracted slightly to X tons in 2022, dropping by -1.5% against the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 96%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydrogen peroxide imports reached $X in 2022. Overall, imports saw a mild decrease. The pace of growth appeared the most rapid in 2015 with an increase of 111% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest hydrogen peroxide supplier to Colombia, accounting for a 50% share of total imports. Moreover, hydrogen peroxide imports from Brazil exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (-8.4% per year) and the United States (+21.2% per year).

In value terms, Brazil ($X), the United States ($X) and Venezuela ($X) appeared to be the largest hydrogen peroxide suppliers to Colombia, with a combined 78% share of total imports. Switzerland, South Korea, France and Sweden lagged somewhat behind, together comprising a further 11%.

France, with a CAGR of +40.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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, picking up by 2.2% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The pace of growth appeared the most rapid in 2019 an increase of 10% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :