South-Eastern Asia: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in South-Eastern Asia

The Southeast Asian hydrogen peroxide market expanded to $X in 2022, with an increase of 4.3% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in South-Eastern Asia

In value terms, hydrogen peroxide production amounted to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.5% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 22%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of hydrogen peroxide decreased by -2.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, hydrogen peroxide exports dropped to $X in 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 27%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Thailand represented the major exporting country with an export of about X tons, which amounted to 84% of total exports. It was distantly followed by Indonesia (X tons), committing a 12% share of total exports. Singapore (X tons) held a little share of total exports.

Thailand was also the fastest-growing in terms of the hydrogen peroxide exports, with a CAGR of +5.7% from 2012 to 2022. At the same time, Indonesia (+1.0%) displayed positive paces of growth. By contrast, Singapore (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +11 percentage points.

In value terms, the largest hydrogen peroxide supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), together comprising 99% of total exports.

Singapore, with a CAGR of +12.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by -7.6% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 26%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+21.5%), while the other leaders experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports in South-Eastern Asia

Hydrogen peroxide imports was estimated at X tons in 2022, picking up by 5.5% against the previous year's figure. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 41%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydrogen peroxide imports expanded rapidly to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +8.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) was the largest importer of hydrogen peroxide, making up 34% of total imports. It was distantly followed by Indonesia (X tons), Singapore (X tons), Malaysia (X tons) and the Philippines (X tons), together achieving a 59% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Myanmar (X tons) - together made up 4.8% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 70% share of total imports. Malaysia, the Philippines, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together comprising a further 27%.

Myanmar, with a CAGR of +41.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by 2.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.9% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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