Norway: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Norway

The Norwegian hydrogen peroxide market shrank rapidly to $X in 2022, falling by -76.8% against the previous year. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Hydrogen Peroxide Production in Norway

In value terms, hydrogen peroxide production reduced rapidly to $X in 2022 estimated in export price. In general, production faced a significant decrease. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hydrogen Peroxide Exports

Exports from Norway

In 2022, exports of hydrogen peroxide from Norway soared to X tons, with an increase of 16% compared with the year before. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 128% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, hydrogen peroxide exports soared to $X in 2022. Overall, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of 125% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for hydrogen peroxide exports from Norway, with a 80% share of total exports. Moreover, hydrogen peroxide exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was held by Belgium (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +133.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.7% per year) and Belgium (+52.6% per year).

In value terms, Sweden ($X) remains the key foreign market for hydrogen peroxide exports from Norway, comprising 75% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Belgium, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +122.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.8% per year) and Belgium (+54.3% per year).

Export Prices by Country

In 2022, the average hydrogen peroxide export price amounted to $X per ton, with an increase of 6.5% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Belgium ($X per ton), while the average price for exports to Sweden ($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 Germany (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Peroxide Imports

Imports into Norway

In 2022, imports of hydrogen peroxide into Norway contracted remarkably to X tons, which is down by -27.4% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 210%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, hydrogen peroxide imports declined dramatically to $X in 2022. Over the period under review, imports, however, saw mild growth. The growth pace was the most rapid in 2014 when imports increased by 355%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of hydrogen peroxide imports to Norway, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +25.7%), while imports for the other leaders experienced a decline.

In value terms, the largest hydrogen peroxide suppliers to Norway were Belgium ($X), Sweden ($X) and the UK ($X), together accounting for 93% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +23.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, with an increase of 8.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2014 an increase of 47%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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