Southern Asia: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Southern Asia

The South Asian hydrogen peroxide market contracted slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Hydrogen Peroxide Production in Southern Asia

In value terms, hydrogen peroxide production totaled $X in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Hydrogen Peroxide Exports

Exports in Southern Asia

Hydrogen peroxide exports surged to X tons in 2022, growing by 46% on the year before. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by 125% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons) and India (X tons) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +34.9%).

In value terms, the largest hydrogen peroxide supplying countries in Southern Asia were India ($X) and Bangladesh ($X).

India, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

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 India ($X per ton), while Bangladesh totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%).

Hydrogen Peroxide Imports

Imports in Southern Asia

In 2022, purchases abroad of hydrogen peroxide was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, hydrogen peroxide imports soared to $X in 2022. Overall, imports continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 98% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India was the main importer of hydrogen peroxide in Southern Asia, with the volume of imports recording X tons, which was near 68% of total imports in 2022. Pakistan (X tons) ranks second in terms of the total imports with a 23% share, followed by Sri Lanka (5.2%). Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the hydrogen peroxide imports, with a CAGR of +2.6% from 2012 to 2022. At the same time, Sri Lanka (+2.4%) and Pakistan (+2.3%) displayed positive paces of growth. By contrast, Bangladesh (-5.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +2.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported hydrogen peroxide in Southern Asia, comprising 62% of total imports. The second position in the ranking was held by Pakistan ($X), with a 28% share of total imports. It was followed by Sri Lanka, with a 6.4% share.

In India, hydrogen peroxide imports increased at an average annual rate of +1.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+3.4% per year) and Sri Lanka (+3.1% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, declining by -2% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sri Lanka ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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