Thailand: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Thailand

The Thai hydrogen peroxide market expanded sharply to $X in 2022, rising by 15% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -3.6% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in Thailand

In value terms, hydrogen peroxide production totaled $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -8.4% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Hydrogen peroxide production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports from Thailand

After two years of growth, shipments abroad of hydrogen peroxide decreased by -7.6% to X tons in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 2013 when exports increased by 39%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, hydrogen peroxide exports expanded sharply to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.9% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 35%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and China (X tons) were the main destinations of hydrogen peroxide exports from Thailand, with a combined 59% share of total exports. Singapore, Taiwan (Chinese), Malaysia, Lao People's Democratic Republic and India lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +26.4%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Singapore ($X) appeared to be the largest markets for hydrogen peroxide exported from Thailand worldwide, together comprising 54% of total exports. China, Taiwan (Chinese), Malaysia, Lao People's Democratic Republic and India lagged somewhat behind, together comprising a further 32%.

Lao People's Democratic Republic, with a CAGR of +22.7%, saw the highest rates of growth with regard to 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

The average hydrogen peroxide export price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into Thailand

In 2022, after three years of growth, there was significant decline in overseas purchases of hydrogen peroxide, when their volume decreased by -5.5% to X tons. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hydrogen peroxide imports shrank to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Japan (X tons) and China (X tons) were the main suppliers of hydrogen peroxide imports to Thailand, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +132.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide suppliers to Thailand were Japan ($X), the Netherlands ($X) and China ($X), with a combined 68% share of total imports. Indonesia, Belgium and South Korea lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Belgium, with a CAGR of +77.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, declining by -7.4% against the previous year. In general, the import price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 119% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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