Middle East: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in the Middle East

In 2022, the Middle Eastern hydrogen peroxide market decreased by -1.8% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in the Middle East

In value terms, hydrogen peroxide production reached $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 28% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports in the Middle East

In 2022, overseas shipments of hydrogen peroxide increased by 218% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a deep setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of hydrogen peroxide, mixing up 88% of total exports. It was distantly followed by Israel (X tons), generating an 11% share of total exports.

Turkey was also the fastest-growing in terms of the hydrogen peroxide exports, with a CAGR of +14.8% from 2012 to 2022. Israel experienced a relatively flat trend pattern. While the share of Turkey (+79 p.p.) and Israel (+6.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hydrogen peroxide supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was held by Israel ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +17.4%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.2%).

Hydrogen Peroxide Imports

Imports in the Middle East

For the fourth year in a row, the Middle East recorded growth in purchases abroad of hydrogen peroxide, which increased by 26% to X tons in 2022. In general, imports enjoyed a notable expansion. The pace of growth was the most pronounced in 2019 when imports increased by 42%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, hydrogen peroxide imports soared to $X in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and Israel (X tons) dominates imports structure, together constituting 89% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a 4.6% 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 Turkey (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 94% share of total imports.

Turkey, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, among 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 the Middle East stood at $X per ton in 2022, with an increase of 30% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :