Global Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size

The global hydrogen peroxide market totaled $X in 2022, rising by 2% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production

In value terms, hydrogen peroxide production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value 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. Based on 2022 figures, production increased by +12.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Global production peaked in 2022 and is expected to retain growth in years to come.

Hydrogen Peroxide Exports

Exports

In 2022, approx. X tons of hydrogen peroxide were exported worldwide; picking up by 12% against the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 18% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, hydrogen peroxide exports surged to $X in 2022. Overall, total exports indicated a remarkable 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, exports increased by +88.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the twelve major exporters of hydrogen peroxide, namely the Netherlands, Belgium, South Korea, Brazil, Thailand, Sweden, Germany, Finland, Austria, Canada, France and Turkey, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +14.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide supplying countries worldwide were Belgium ($X), the Netherlands ($X) and South Korea ($X), with a combined 29% share of global exports. Brazil, Germany, Thailand, Sweden, France, Austria, Turkey, Finland and Canada lagged somewhat behind, together accounting for a further 43%.

Turkey, with a CAGR of +17.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.2%), while the other global leaders experienced more modest paces of growth.

Hydrogen Peroxide Imports

Imports

In 2022, global imports of hydrogen peroxide stood at X tons, growing by 6.1% compared with 2021 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 14%. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, hydrogen peroxide imports soared to $X in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), followed by Italy (X tons) and the Netherlands (X tons) represented the key importers of hydrogen peroxide, together mixing up 20% of total imports. Taiwan (Chinese) (X tons), the United States (X tons), Russia (X tons), France (X tons), Chile (X tons), Turkey (X tons), Israel (X tons), Vietnam (X tons), Austria (X tons) and Belgium (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydrogen peroxide imports into Germany stood at +3.2%. At the same time, Turkey (+16.0%), Taiwan (Chinese) (+12.1%), Vietnam (+9.1%), Chile (+6.9%), Russia (+6.5%), the Netherlands (+5.8%), Belgium (+4.9%), France (+3.6%), Italy (+2.3%) and Israel (+1.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of +16.0% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, the United States (-1.2%) illustrated a downward trend over the same period. Taiwan (Chinese) (+2.4 p.p.) and Turkey (+2.3 p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by -2.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together comprising 19% of global imports. France, Russia, the United States, Israel, Turkey, Chile, the Netherlands, Austria, Belgium and Vietnam lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, Turkey, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen peroxide import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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