Denmark: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Denmark

In 2022, the Danish hydrogen peroxide market increased by 20% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a modest expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Hydrogen Peroxide Production in Denmark

In value terms, hydrogen peroxide production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Hydrogen Peroxide Exports

Exports from Denmark

In 2022, shipments abroad of hydrogen peroxide decreased by -13% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 168% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydrogen peroxide exports contracted to $X in 2022. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2019 when exports increased by 61%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X tons), Sweden (X tons) and Norway (X tons) were the main destinations of hydrogen peroxide exports from Denmark, with a combined 94% share of total exports. Faroe Islands and Switzerland lagged somewhat behind, together comprising a further 5.5%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +85.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydrogen peroxide exported from Denmark were Finland ($X), Sweden ($X) and Norway ($X), together comprising 92% of total exports. Switzerland and Faroe Islands lagged somewhat behind, together accounting for a further 4.5%.

Among the main countries of destination, Switzerland, with a CAGR of +74.0%, saw the highest rates of growth with regard to the value of exports, 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, with an increase of 6.7% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 76%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Faroe Islands ($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 Saudi Arabia (+5.9%), while the prices for the other major destinations experienced a decline.

Hydrogen Peroxide Imports

Imports into Denmark

After three years of decline, supplies from abroad of hydrogen peroxide increased by 8% to X tons in 2022. Overall, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2016 with an increase of 57%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, hydrogen peroxide imports surged to $X in 2022. In general, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Sweden (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of hydrogen peroxide imports to Denmark, with a combined 82% share of total imports. Belgium, France, the Netherlands and Spain lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide suppliers to Denmark were Sweden ($X), Finland ($X) and Germany ($X), with a combined 66% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of +26.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, increasing by 8.4% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide import price increased by +85.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Spain ($X per ton), while the price for Sweden ($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 Netherlands (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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