Serbia: Hydrogen Peroxide Market 2025

Hydrogen Peroxide Market Size in Serbia

The Serbian hydrogen peroxide market surged to $X in 2022, with an increase of 34% 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, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.3% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Hydrogen Peroxide Exports

Exports from Serbia

In 2022, the amount of hydrogen peroxide exported from Serbia soared to X tons, increasing by 376% against the year before. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen peroxide exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Russia (X tons) and Belarus (X tons) were the main destinations of hydrogen peroxide exports from Serbia, together comprising 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +162.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Belarus ($X) and Russia ($X) appeared to be the largest markets for hydrogen peroxide exported from Serbia worldwide, together comprising 79% of total exports.

Turkey, with a CAGR of +93.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydrogen peroxide export price amounted to $X per ton, waning by -9.9% against the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 33%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to North Macedonia ($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 Montenegro (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Serbia

In 2022, approx. X tons of hydrogen peroxide were imported into Serbia; jumping by 22% against the year before. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% 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 +10.6% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, hydrogen peroxide imports skyrocketed to $X in 2022. In general, 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

In 2022, Slovenia (X tons) constituted the largest supplier of hydrogen peroxide to Serbia, with a 52% share of total imports. Moreover, hydrogen peroxide imports from Slovenia exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Slovenia totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+9.5% per year) and Hungary (+95.4% per year).

In value terms, Slovenia ($X) constituted the largest supplier of hydrogen peroxide to Serbia, comprising 37% of total imports. The second position in the ranking was held by Austria ($X), with an 18% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+14.5% per year) and Hungary (+72.9% per year).

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, picking up by 33% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide import price increased by +89.8% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Slovenia ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform