Latin America and the Caribbean: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in the Latin American hydrogen peroxide market, when its value increased by 6.3% to $X. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.5% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in Latin America and the Caribbean

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 +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 17%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hydrogen Peroxide Exports

Exports in Latin America and the Caribbean

In 2022, after two years of growth, there was decline in shipments abroad of hydrogen peroxide, when their volume decreased by -3% to X tons. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +34.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil dominates exports structure, finishing at X tons, which was approx. 91% of total exports in 2022. Guatemala (X tons), Uruguay (X tons) and Venezuela (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the hydrogen peroxide exports, with a CAGR of +6.7% from 2012 to 2022. Uruguay experienced a relatively flat trend pattern. Guatemala (-7.6%) and Venezuela (-10.4%) illustrated a downward trend over the same period. While the share of Brazil (+19 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uruguay (-1.7 p.p.), Venezuela (-7.6 p.p.) and Guatemala (-8.2 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest hydrogen peroxide supplier in Latin America and the Caribbean, comprising 90% of total exports. The second position in the ranking was held by Guatemala ($X), with a 4.7% share of total exports. It was followed by Venezuela, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (-3.3% per year) and Venezuela (-9.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 24% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Hydrogen Peroxide Imports

Imports in Latin America and the Caribbean

In 2022, hydrogen peroxide imports in Latin America and the Caribbean rose slightly to X tons, growing by 3.1% against 2021. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 12%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, hydrogen peroxide imports soared to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons), distantly followed by Mexico (X tons), Argentina (X tons), Peru (X tons), Colombia (X tons) and Ecuador (X tons) represented the key importers of hydrogen peroxide, together constituting 88% of total imports. Guatemala (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ecuador (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Argentina ($X), with a combined 59% share of total imports. Peru, Colombia, Ecuador and Guatemala lagged somewhat behind, together comprising a further 31%.

Among the main importing countries, Ecuador, with a CAGR of +19.2%, saw 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 Latin America and the Caribbean stood at $X per ton in 2022, increasing by 14% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 Guatemala ($X per ton) and Argentina ($X per ton), while Peru ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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