Luxembourg: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Luxembourg

The Luxembourg hydrogen peroxide market expanded rapidly to $X in 2022, increasing by 7.7% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +73.8% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Hydrogen Peroxide Production in Luxembourg

In value terms, hydrogen peroxide production stood at $X in 2022 estimated in export price. In general, production, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 11% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hydrogen Peroxide Exports

Exports from Luxembourg

In 2022, exports of hydrogen peroxide from Luxembourg soared to X tons, picking up by 72% against the year before. Overall, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 213% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydrogen peroxide exports surged to $X in 2022. In general, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 209%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for hydrogen peroxide exports from Luxembourg, accounting for a 68% share of total exports. Moreover, hydrogen peroxide exports to Spain exceeded the volume sent to the second major destination, France (X tons), fivefold. Austria (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +52.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-31.9% per year) and Austria (+11.3% per year).

In value terms, Spain ($X) remains the key foreign market for hydrogen peroxide exports from Luxembourg, comprising 68% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Austria, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-33.2% per year) and Austria (+9.1% per year).

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, which is down by -10% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 an increase of 5.9% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Germany ($X per ton), while the average price for exports to France ($X per ton) and Spain ($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 Austria (-2.0%), while the prices for the other major destinations experienced a decline.

Hydrogen Peroxide Imports

Imports into Luxembourg

For the fifth consecutive year, Luxembourg recorded growth in supplies from abroad of hydrogen peroxide, which increased by 24% to X tons in 2022. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide imports stood at $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +94.1% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of hydrogen peroxide to Luxembourg, with a 69% share of total imports. Moreover, hydrogen peroxide imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.1% per year) and Germany (-11.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of hydrogen peroxide to Luxembourg, comprising 69% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.9% per year) and Germany (-13.5% per year).

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, with a decrease of -10.7% against the previous year. Over the period under review, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.7%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($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 (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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