Report Update Nov 1, 2024

Nigeria - Hydrogen Peroxide - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Nigeria

The Nigerien hydrogen peroxide market soared to $X in 2022, rising by 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a prominent increase. 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 Exports

Exports from Nigeria

In 2022, shipments abroad of hydrogen peroxide was finally on the rise to reach X kg for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, faced a precipitous decline. The growth pace was the most rapid in 2016 when exports increased by 670%. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 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 drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 567%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X kg) was the main destination for hydrogen peroxide exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Benin totaled -27.1%.

In value terms, Benin ($X) also remains the key foreign market for hydrogen peroxide exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Benin amounted to -17.8%.

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, waning by -4.5% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +12.9% per year.

Hydrogen Peroxide Imports

Imports into Nigeria

Hydrogen peroxide imports into Nigeria soared to X tons in 2022, increasing by 48% against the previous year. Overall, imports continue to indicate notable growth. The growth pace was the most rapid in 2019 when imports increased by 170% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, hydrogen peroxide imports soared to $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 120%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Thailand (X tons) and South Africa (X tons) were the main suppliers of hydrogen peroxide imports to Nigeria, with a combined 53% share of total imports. France, Belgium, India, South Korea, China and the United States lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +76.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide suppliers to Nigeria were Thailand ($X), South Africa ($X) and Turkey ($X), with a combined 47% share of total imports. Belgium, France, India, South Korea, China and the United States lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, France, with a CAGR of +38.8%, 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 average hydrogen peroxide import price stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydrogen peroxide in the world?

China constituted the country with the largest volume of hydrogen peroxide consumption, comprising approx. 25% of total volume. Moreover, hydrogen peroxide consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Japan ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of hydrogen peroxide in the world?

The country with the largest volume of hydrogen peroxide production was China, comprising approx. 24% of total volume. Moreover, hydrogen peroxide production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Brazil, with a 6.4% share.

What are the leading suppliers of hydrogen peroxide to Nigeria?

In value terms, Turkey, Thailand and Belgium were the largest hydrogen peroxide suppliers to Nigeria, with a combined 87% share of total imports.

What is the average import price for hydrogen peroxide in Nigeria?

In 2021, the average hydrogen peroxide import price amounted to $615 per ton, with an increase of 23% against the previous year.

This report provides an in-depth analysis of the hydrogen peroxide market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20136300 - Hydrogen peroxide

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023