United Arab Emirates: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in the United Arab Emirates

The hydrogen peroxide market in the United Arab Emirates skyrocketed to $X in 2022, jumping by 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). In general, consumption recorded a temperate increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hydrogen Peroxide Exports

Exports from the United Arab Emirates

In 2022, after four years of decline, there was growth in shipments abroad of hydrogen peroxide, when their volume increased by 1.1% to X tons. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 332% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hydrogen peroxide exports dropped to $X in 2022. Overall, exports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 when exports increased by 196%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for hydrogen peroxide exports from the United Arab Emirates, with a 51% share of total exports. Moreover, hydrogen peroxide exports to Zimbabwe exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. The third position in this ranking was held by India (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+18.1% per year) and India (+29.7% per year).

In value terms, the largest markets for hydrogen peroxide exported from the United Arab Emirates were Zimbabwe ($X), India ($X) and Tanzania ($X), with a combined 94% share of total exports. Rwanda lagged somewhat behind, accounting for a further 3.4%.

Rwanda, with a CAGR of +27.6%, 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 -12.4% against the previous year. Overall, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2013 an increase of 72%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Tanzania ($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 Tanzania (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Peroxide Imports

Imports into the United Arab Emirates

In 2022, hydrogen peroxide imports into the United Arab Emirates rose modestly to X tons, surging by 2.2% compared with 2021. In general, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2019 with an increase of 89% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, hydrogen peroxide imports skyrocketed to $X in 2022. Over the period under review, imports posted a modest expansion. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest hydrogen peroxide supplier to the United Arab Emirates, with a 40% share of total imports. Moreover, hydrogen peroxide imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.1% per year) and South Korea (+18.6% per year).

In value terms, India ($X) constituted the largest supplier of hydrogen peroxide to the United Arab Emirates, comprising 39% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.4% per year) and the Netherlands (+29.2% per year).

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, growing by 50% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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