Russian Federation: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in the Russian Federation

The Russian hydrogen peroxide market reduced slightly to $X in 2022, remaining stable against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 -7.5% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Production in the Russian Federation

In value terms, hydrogen peroxide production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value 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, production decreased by -1.0% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 35%. Hydrogen peroxide production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports from the Russian Federation

In 2022, shipments abroad of hydrogen peroxide was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 80% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hydrogen peroxide exports totaled $X in 2022. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 95% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for hydrogen peroxide exports from Russia, with a 69% share of total exports. Moreover, hydrogen peroxide exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Belarus stood at +9.6%.

In value terms, Belarus ($X) emerged as the key foreign market for hydrogen peroxide exports from Russia, comprising 71% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belarus stood at +13.4%.

Export Prices by Country

In 2022, the average hydrogen peroxide export price amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Peroxide Imports

Imports into the Russian Federation

Hydrogen peroxide imports into Russia contracted modestly to X tons in 2022, approximately mirroring 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +1.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydrogen peroxide imports reduced to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +61.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of hydrogen peroxide to Russia, with a 81% share of total imports. Moreover, hydrogen peroxide imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. The third position in this ranking was taken by Belgium (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+19.9% per year) and Belgium (+14.5% per year).

In value terms, Finland ($X) constituted the largest supplier of hydrogen peroxide to Russia, comprising 73% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by Sweden, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from Finland stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.9% per year) and Sweden (+16.1% per year).

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, which is down by -1.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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