United Kingdom: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in the UK

The UK hydrogen peroxide market rose significantly to $X in 2022, increasing by 15% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 -1.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Hydrogen Peroxide Production in the UK

In value terms, hydrogen peroxide production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase 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 decreased by -10.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports from the UK

Hydrogen peroxide exports from the UK expanded rapidly to X tons in 2022, with an increase of 5% on 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 91%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hydrogen peroxide exports rose significantly to $X in 2022. Over the period under review, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 -35.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), Portugal (X tons) and Ireland (X tons) were the main destinations of hydrogen peroxide exports from the UK, together accounting for 76% of total exports. The Netherlands, Chile, South Korea, France, Norway and Belgium lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +130.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydrogen peroxide exported from the UK were Spain ($X), Ireland ($X) and South Korea ($X), together accounting for 50% of total exports.

South Korea, with a CAGR of +72.2%, recorded 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

In 2022, the average hydrogen peroxide export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen peroxide export price increased by +81.3% against 2017 indices. The growth pace was the most rapid in 2020 when the average export price increased by 56%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Portugal ($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 Belgium (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports into the UK

In 2022, imports of hydrogen peroxide into the UK skyrocketed to X tons, rising by 39% compared with the previous year. In general, imports, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 45%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hydrogen peroxide imports skyrocketed to $X in 2022. Overall, imports continue to indicate modest growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest hydrogen peroxide supplier to the UK, with a 48% share of total imports. Moreover, hydrogen peroxide imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.0% per year) and Belgium (+2.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of hydrogen peroxide to the UK, comprising 39% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.7% per year) and Belgium (+7.4% per year).

Import Prices by Country

In 2022, the average hydrogen peroxide import price amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 2017 when the average import price increased by 42%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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