Pakistan: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Pakistan

The Pakistani hydrogen peroxide market stood at $X in 2022, increasing by 3.1% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2020 indices. Hydrogen peroxide consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Production in Pakistan

In value terms, hydrogen peroxide production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 -2.3% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 19%. Hydrogen peroxide production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydrogen Peroxide Exports

Exports from Pakistan

In 2022, shipments abroad of hydrogen peroxide increased by 16% to X tons, rising for the fourth consecutive year after four years of decline. In general, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2019 when exports increased by 75%. The exports 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 expanded rapidly to $X in 2022. Overall, exports, however, saw a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 69% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Qatar (X tons) and Sri Lanka (X tons) were the main destinations of hydrogen peroxide exports from Pakistan, together accounting for 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +35.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for hydrogen peroxide exported from Pakistan were the United Arab Emirates ($X), Qatar ($X) and Sri Lanka ($X), with a combined 86% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +30.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, waning by -8.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Sri Lanka ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Afghanistan ($X per ton) and Qatar ($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 India (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Peroxide Imports

Imports into Pakistan

For the third year in a row, Pakistan recorded growth in supplies from abroad of hydrogen peroxide, which increased by 36% to X tons in 2022. In general, imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, hydrogen peroxide imports soared to $X in 2022. Over the period under review, imports enjoyed notable growth. The pace of growth was the most pronounced in 2016 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Bangladesh (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of hydrogen peroxide imports to Pakistan, with a combined 98% share of total imports. These countries were followed by the Netherlands, which accounted for a further 1.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +42.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide suppliers to Pakistan were Bangladesh ($X), South Korea ($X) and Thailand ($X), together comprising 97% of total imports. The Netherlands lagged somewhat behind, accounting for a further 1.9%.

Among the main suppliers, the Netherlands, with a CAGR of +41.4%, recorded 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, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2016 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and South Korea ($X per ton), while the price for Bangladesh ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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