Republic of Korea: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Republic of Korea

In 2022, the South Korean hydrogen peroxide market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, posted strong growth. Hydrogen peroxide consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hydrogen Peroxide Production in Republic of Korea

In value terms, hydrogen peroxide production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Hydrogen peroxide production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydrogen Peroxide Exports

Exports from Republic of Korea

In 2022, approx. X tons of hydrogen peroxide were exported from South Korea; increasing by X% against the previous year. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, hydrogen peroxide exports surged to $X in 2022. Over the period under review, total exports indicated a strong 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. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for hydrogen peroxide exports from South Korea, with a X% share of total exports. Moreover, hydrogen peroxide exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Vietnam (X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for hydrogen peroxide exports from South Korea, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average hydrogen peroxide export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% 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 failed to regain momentum.

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

Hydrogen Peroxide Imports

Imports into Republic of Korea

In 2022, hydrogen peroxide imports into South Korea reduced markedly to X tons, declining by X% against 2021 figures. Over the period under review, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, hydrogen peroxide imports contracted rapidly to $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and the UK ($X) appeared to be the largest hydrogen peroxide suppliers to South Korea, with a combined X% share of total imports.

Among the main suppliers, the UK, 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 average hydrogen peroxide import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price posted noticeable growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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