India: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in India

The Indian hydrogen peroxide market contracted modestly to $X in 2022, falling by -3% against the previous year. Overall, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Hydrogen Peroxide Production in India

In value terms, hydrogen peroxide production reached $X in 2022 estimated in export price. In general, production posted a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 109%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Hydrogen Peroxide Exports

Exports from India

In 2022, shipments abroad of hydrogen peroxide increased by 888% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Turkey (X tons) and Ghana (X tons) were the main destinations of hydrogen peroxide exports from India, with a combined 74% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +756.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Turkey ($X) and Ghana ($X) appeared to be the largest markets for hydrogen peroxide exported from India worldwide, together accounting for 74% of total exports.

Turkey, with a CAGR of +902.9%, 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

In 2022, the average hydrogen peroxide export price amounted to $X per ton, with an increase of 30% against the previous year. In general, the export price posted a pronounced expansion. The pace of growth appeared the most rapid in 2017 an increase of 108%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into India

After three years of decline, supplies from abroad of hydrogen peroxide increased by 37% to X tons in 2022. In general, imports saw noticeable growth. The most prominent rate of growth was recorded in 2013 when imports increased by 74% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hydrogen peroxide imports surged to $X in 2022. Overall, imports enjoyed a slight expansion. The pace of growth was the most pronounced in 2018 when imports increased by 108% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Bangladesh (X tons) was the main hydrogen peroxide supplier to India, with a 91% share of total imports. Moreover, hydrogen peroxide imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh totaled +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-14.0% per year) and South Korea (-17.4% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of hydrogen peroxide to India, comprising 81% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Bangladesh amounted to +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-8.4% per year) and South Korea (-16.1% per year).

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, falling by -9.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 46%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a 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 Thailand ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :