ECOWAS: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in ECOWAS

The ECOWAS hydrogen peroxide market reached $X in 2022, with an increase of X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Peroxide Production in ECOWAS

In value terms, hydrogen peroxide production rose notably to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hydrogen Peroxide Exports

Exports in ECOWAS

Hydrogen peroxide exports shrank significantly to X tons in 2022, falling by X% on the previous year. In general, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydrogen peroxide exports reduced remarkably to $X in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana represented the major exporting country with an export of about X tons, which reached X% of total exports. Guinea (X tons) ranks second in terms of the total exports with a X% share, followed by Burkina Faso (X%) and Mali (X%).

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Burkina Faso (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mali (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest hydrogen peroxide supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Guinea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Guinea (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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 Burkina Faso ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Hydrogen Peroxide Imports

Imports in ECOWAS

In 2022, the amount of hydrogen peroxide imported in ECOWAS skyrocketed to X tons, increasing by X% compared with the previous year's figure. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, hydrogen peroxide imports soared to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ghana (X tons), distantly followed by Mali (X tons), Cote d'Ivoire (X tons), Burkina Faso (X tons) and Guinea (X tons) were the largest importers of hydrogen peroxide, together creating X% of total imports. The following importers - Nigeria (X tons) and Senegal (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mali, Guinea, Nigeria and Senegal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The level of import 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 destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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