Eastern Europe: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Eastern Europe

In 2022, the East European hydrogen peroxide market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Hydrogen Peroxide Production in Eastern Europe

In value terms, hydrogen peroxide production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hydrogen Peroxide Exports

Exports in Eastern Europe

In 2022, approx. X tons of hydrogen peroxide were exported in Eastern Europe; jumping by 45% against the year before. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide exports surged to $X in 2022. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) and Poland (X tons) dominates exports structure, together making up 81% of total exports. Bulgaria (X tons) held the next position in the ranking, followed by the Czech Republic (X tons). All these countries together held approx. 11% share of total exports. The following exporters - Hungary (X tons) and Estonia (X tons) - each resulted at a 4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, with a combined 83% share of total exports. Bulgaria, Hungary and Estonia lagged somewhat behind, together accounting for a further 10%.

Hungary, with a CAGR of +63.6%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by 34% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide export price increased by +38.7% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the other leaders experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports in Eastern Europe

In 2022, the amount of hydrogen peroxide imported in Eastern Europe rose slightly to X tons, with an increase of 4.6% against 2021 figures. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hydrogen peroxide imports surged to $X in 2022. In general, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 27%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the main importer of hydrogen peroxide, achieving 37% of total imports. Poland (X tons) ranks second in terms of the total imports with a 13% share, followed by the Czech Republic (13%), Slovakia (11%), Estonia (9%), Belarus (7.5%) and Hungary (5.6%).

From 2012 to 2022, average annual rates of growth with regard to hydrogen peroxide imports into Russia stood at +6.5%. At the same time, Belarus (+15.0%), Poland (+10.2%), Slovakia (+4.8%) and Hungary (+2.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +15.0% from 2012-2022. Estonia and the Czech Republic experienced a relatively flat trend pattern. While the share of Russia (+5.5 p.p.), Poland (+5.2 p.p.) and Belarus (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Estonia (-4.2 p.p.) and the Czech Republic (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported hydrogen peroxide in Eastern Europe, comprising 34% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 15% share of total imports. It was followed by Poland, with a 14% share.

In Russia, hydrogen peroxide imports increased at an average annual rate of +7.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+4.8% per year) and Poland (+15.6% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Belarus ($X per ton), while Slovakia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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