Eastern Asia: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Eastern Asia

The East Asian hydrogen peroxide market stood at $X in 2022, standing approx. at the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 -2.7% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Production in Eastern Asia

In value terms, hydrogen peroxide production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 13%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Hydrogen Peroxide Exports

Exports in Eastern Asia

In 2022, the amount of hydrogen peroxide exported in Eastern Asia expanded remarkably to X tons, increasing by 12% against 2021 figures. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +89.8% against 2012 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 20% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, hydrogen peroxide exports soared to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +16.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 34%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

South Korea was the largest exporter of hydrogen peroxide in Eastern Asia, with the volume of exports reaching X tons, which was near 75% of total exports in 2022. It was distantly followed by Japan (X tons) and China (X tons), together mixing up a 21% share of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

South Korea was also the fastest-growing in terms of the hydrogen peroxide exports, with a CAGR of +7.7% from 2012 to 2022. At the same time, Taiwan (Chinese) (+5.6%), China (+5.1%) and Japan (+3.3%) displayed positive paces of growth. From 2012 to 2022, the share of South Korea increased by +6.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest hydrogen peroxide supplier in Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports. It was followed by China, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea totaled +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.0% per year) and China (+19.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 16% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the other leaders experienced mixed trends in the export price figures.

Hydrogen Peroxide Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas purchases of hydrogen peroxide, when their volume decreased by -12.4% to X tons. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2018 when imports increased by 33% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, hydrogen peroxide imports shrank to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 25%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Taiwan (Chinese) represented the major importing country with an import of about X tons, which recorded 57% of total imports. It was distantly followed by China (X tons) and Japan (X tons), together generating a 41% share of total imports. South Korea (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydrogen peroxide imports into Taiwan (Chinese) stood at +12.1%. At the same time, Japan (+22.2%), China (+5.3%) and South Korea (+1.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +22.2% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese) and Japan increased by +9.7 and +8.5 percentage points, respectively.

In value terms, the largest hydrogen peroxide importing markets in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), together comprising 96% of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +7.2%, 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 import price in Eastern Asia stood at $X per ton in 2022, declining by -1.5% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the import price increased by 2.9% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Japan ($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 (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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