MERCOSUR: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in MERCOSUR

After two years of decline, the MERCOSUR hydrogen peroxide market increased by 4.8% to $X in 2022. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Production in MERCOSUR

In value terms, hydrogen peroxide production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of hydrogen peroxide decreased by -2.8% to X tons in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +37.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 28%. The volume of export peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +54.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Brazil dominates exports structure, reaching X tons, which was near 95% of total exports in 2022. Uruguay (X tons) and Venezuela (X tons) held a minor share of total exports.

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. Venezuela (-10.4%) illustrated a downward trend over the same period. Brazil (+11 p.p.) significantly strengthened its position in terms of the total exports, while Uruguay and Venezuela saw its share reduced by -2.3% and -9% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest hydrogen peroxide supplier in MERCOSUR, comprising 96% of total exports. The second position in the ranking was held by Venezuela ($X), with a 1.9% share of total exports.

In Brazil, hydrogen peroxide exports increased at an average annual rate of +5.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Venezuela (-9.3% per year) and Uruguay (-0.7% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 23% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+1.3%), while the other leaders experienced a decline in the export price figures.

Hydrogen Peroxide Imports

Imports in MERCOSUR

In 2022, approx. X tons of hydrogen peroxide were imported in MERCOSUR; therefore, remained relatively stable against the previous year. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +73.3% against 2014 indices. The growth pace was the most rapid in 2015 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hydrogen peroxide imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 25%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Chile was the major importer of hydrogen peroxide in MERCOSUR, with the volume of imports resulting at X tons, which was approx. 39% of total imports in 2022. It was distantly followed by Argentina (X tons), Peru (X tons), Colombia (X tons) and Ecuador (X tons), together creating a 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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 MERCOSUR were Chile ($X), Argentina ($X) and Peru ($X), with a combined 74% share of total imports. Colombia and Ecuador lagged somewhat behind, together comprising a further 23%.

Ecuador, with a CAGR of +19.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 MERCOSUR stood at $X per ton in 2022, with an increase of 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Chile ($X per ton), while Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform