Finland: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Finland

In 2022, after five years of growth, there was significant decline in the Finnish hydrogen peroxide market, when its value decreased by -68.4% to $X. In general, consumption saw a perceptible contraction. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Hydrogen Peroxide Production in Finland

In value terms, hydrogen peroxide production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 16%. Hydrogen peroxide production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hydrogen Peroxide Exports

Exports from Finland

In 2022, approx. X tons of hydrogen peroxide were exported from Finland; almost unchanged from the previous year. Over the period under review, exports posted a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of 4.5% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, hydrogen peroxide exports amounted to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for hydrogen peroxide exports from Finland, accounting for a 43% share of total exports. Moreover, hydrogen peroxide exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+47.6% per year) and Sweden (-3.3% per year).

In value terms, the largest markets for hydrogen peroxide exported from Finland were Belgium ($X), Sweden ($X) and Kazakhstan ($X), together comprising 58% of total exports. Germany, the Netherlands, Estonia and Turkey lagged somewhat behind, together comprising a further 25%.

The Netherlands, with a CAGR of +30.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average hydrogen peroxide export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price saw a pronounced decrease. The growth pace was the most rapid in 2013 an increase of 9%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to the Netherlands ($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 Russia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Finland

In 2022, overseas purchases of hydrogen peroxide decreased by -45.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of 295% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, hydrogen peroxide imports declined rapidly to $X in 2022. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 223% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Sweden (X tons) was the main hydrogen peroxide supplier to Finland, accounting for a 97% share of total imports. It was followed by Germany (X tons), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and Belgium (-39.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of hydrogen peroxide to Finland, comprising 91% of total imports. The second position in the ranking was held by Germany ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and Belgium (-32.5% per year).

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, growing by 2.5% against the previous year. In general, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of 28%. The import price peaked 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 Belgium ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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