Lithuania: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Lithuania

After four years of decline, the Lithuanian hydrogen peroxide market increased by 527% to $X in 2022. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in Lithuania

In value terms, hydrogen peroxide production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports from Lithuania

After three years of decline, shipments abroad of hydrogen peroxide increased by 570% to X tons in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydrogen peroxide exports surged to $X in 2022. In general, exports, however, recorded a perceptible decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons), Belarus (X tons) and Kazakhstan (X tons) were the main destinations of hydrogen peroxide exports from Lithuania, together comprising 63% 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 Belarus (with a CAGR of +31.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Armenia ($X) were the largest markets for hydrogen peroxide exported from Lithuania worldwide, with a combined 77% share of total exports.

Belarus, with a CAGR of +43.6%, 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, which is down by -15.9% against the previous year. Overall, the export price, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($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 Uzbekistan (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Lithuania

In 2022, purchases abroad of hydrogen peroxide increased by 87% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide imports surged to $X in 2022. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 173% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of hydrogen peroxide to Lithuania, accounting for a 45% share of total imports. Moreover, hydrogen peroxide imports from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+100.7% per year) and the Czech Republic (+119.8% per year).

In value terms, the largest hydrogen peroxide suppliers to Lithuania were Poland ($X), the Czech Republic ($X) and Germany ($X), together comprising 55% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +90.5%, saw the highest rates of growth with regard to 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 average hydrogen peroxide import price stood at $X per ton in 2022, growing by 24% against the previous year. Overall, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 122%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 the United States ($X per ton), while the price for Poland ($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 (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform