Sri Lanka: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Sri Lanka

In 2022, the Sri Lankan hydrogen peroxide market increased by 4.3% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +89.6% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Hydrogen Peroxide Exports

Exports from Sri Lanka

For the third consecutive year, Sri Lanka recorded growth in shipments abroad of hydrogen peroxide, which increased by 15% to X kg in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 604% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, hydrogen peroxide exports skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 291% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Maldives (X kg) was the main destination for hydrogen peroxide exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives stood at +44.2%.

In value terms, Maldives ($X) emerged as the key foreign market for hydrogen peroxide exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to +54.5%.

Export Prices by Country

In 2022, the average hydrogen peroxide export price amounted to $X per ton, rising by 39% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 92%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Ethiopia amounted to +16.6% per year.

Hydrogen Peroxide Imports

Imports into Sri Lanka

After three years of growth, overseas purchases of hydrogen peroxide decreased by -6.5% to X tons in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 73%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, hydrogen peroxide imports reached $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +88.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest hydrogen peroxide supplier to Sri Lanka, accounting for a 65% share of total imports. Moreover, hydrogen peroxide imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.2% per year) and India (+49.8% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of hydrogen peroxide to Sri Lanka, comprising 51% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by India, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Bangladesh totaled +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.1% per year) and India (+55.0% per year).

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, with an increase of 15% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained 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 China ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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