Indonesia: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Indonesia

The Indonesian hydrogen peroxide market shrank modestly to $X in 2022, which is down by -1.6% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.5% against 2019 indices. Hydrogen peroxide consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Production in Indonesia

In value terms, hydrogen peroxide production totaled $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 26%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hydrogen Peroxide Exports

Exports from Indonesia

In 2022, overseas shipments of hydrogen peroxide increased by 56% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Over the period under review, exports saw a measured increase. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), India (X tons) and Vietnam (X tons) were the main destinations of hydrogen peroxide exports from Indonesia, with a combined 77% share of total exports. Malaysia, Singapore, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +21.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydrogen peroxide exported from Indonesia were Australia ($X), India ($X) and Singapore ($X), with a combined 75% share of total exports. Vietnam, Malaysia, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further 23%.

Taiwan (Chinese), with a CAGR of +29.4%, saw 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 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 22%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Malaysia ($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 Taiwan (Chinese) (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Indonesia

In 2022, imports of hydrogen peroxide into Indonesia declined slightly to X tons, stabilizing at the previous year. Overall, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 50%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydrogen peroxide imports totaled $X in 2022. In general, imports, however, enjoyed modest growth. The growth pace was the most rapid in 2018 when imports increased by 93% 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, Thailand (X tons) constituted the largest hydrogen peroxide supplier to Indonesia, with a 61% share of total imports. Moreover, hydrogen peroxide imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Bangladesh (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.5% per year) and Bangladesh (+58.8% per year).

In value terms, Thailand ($X) constituted the largest supplier of hydrogen peroxide to Indonesia, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by Bangladesh, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.6% per year) and Bangladesh (+51.6% per year).

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, with an increase of 8.1% against the previous year. Overall, the import price, however, recorded a mild contraction. The growth pace was the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and South Korea ($X per ton), while the price for Turkey ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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