Hydrogen peroxide market in Finland

Earlier Report Observations

The hydrogen peroxide market in Finland saw initial contraction from 2018 to 2019, with market size falling from 103 807 thousand US dollars to 100 768 thousand US dollars. This decline coincided with tightening EU emission limits for the energy industry, affecting chemical raw material use and production, and the implementation of the EU biocidal products review program for hydrogen peroxide in product groups 1–6, which influenced the approval and market access of disinfectants.

After a brief recovery to 105 064 thousand US dollars in 2020, the market entered a period of sustained decline, dropping to 89 303 thousand US dollars in 2021. While the chemical industry supported government proposals for enhanced R&D deductions from 2021–2024, this did not offset the downward trend. In 2022, further EU regulatory tightening on the marketing of explosive precursors continued to constrain the market, which fell to 86 222 thousand US dollars. During this period, the adoption of hydrogen peroxide in hydroponics for root rot prevention and irrigation water treatment emerged as a new application area.

The market decline continued in 2023, reaching 76 006 thousand US dollars, amidst consumer guidance on uses such as inducing vomiting in dogs and wound cleaning, as well as updated safety data sheets and packaging requirements under REACH. By 2024, the growing use in hydroponics and the expansion of domestic online retail and specialty stores contributed to a modest market recovery to 77 200 thousand US dollars.

Production hydrogen peroxide in Finland

In value, 2017-2020, K $ US

In Finland, the value of hydrogen peroxide production reached 96,144 thousand US dollars in 2020, marking a modest year-over-year increase of 5.0%. Over the 2017-2020 period, production grew by 7.6%, with a compound annual growth rate of 2.5%. The peak value occurred in 2018 at 98,985 thousand US dollars. The most significant decline was observed in 2019, dropping by 7.5%, while the largest increase took place in 2018, rising by 10.8%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, M kg H2O2

Finland's hydrogen peroxide production volume decreased for the second year in a row. In 2020, the country produced 143.4 million kilograms of hydrogen peroxide, showing a slight reduction of 2.6% compared to the previous year. From 2017 to 2020, production fell by 8.6%, which translates to an annualized decline of 2.9%. The highest volume was recorded in 2018 at 163.0 million kilograms. The most substantial drop occurred in 2019, with a 9.6% decrease, while the largest increase was in 2018, up by 3.9%.

Annual dynamics of production in Finland in kind, 2017-2020, M kg H2O2

Exports hydrogen peroxide from Finland

According to industry reports, Finland did not export any hydrogen peroxide between 2017 and 2020.

Imports hydrogen peroxide to Finland

Imports in kind, t

The market exhibited volatility during the observed period. Import volumes varied significantly, with the lowest point in 2018 and the highest in 2020, showing a 2.6-fold difference. In 2020, Finland imported a total of 37,828 tonnes of hydrogen peroxide, which represents a 96.2% increase from 2019. The minimum import volume was recorded in 2018 at 14,570 tonnes, and the largest decline occurred that same year, falling by 11.9%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Finland's import structure in volume terms was heavily concentrated on Sweden, which accounted for 82.4% of total imports. The remaining volume was distributed among other trading partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Market behavior was marked by volatility during these years. Import values fluctuated, with the lowest in 2018 and the highest in 2019, reflecting a 1.9-fold gap. In 2020, the value of hydrogen peroxide imports into Finland amounted to 8,919 thousand US dollars, down by 2.9% year-over-year. The minimum value was recorded in 2018 at 4,822 thousand US dollars, while the maximum was in 2019 at 9,184 thousand US dollars. The largest decline occurred in 2018, decreasing by 3.6%, and the largest increase was in 2019, surging by 90.4%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Between 2017 and 2020, Sweden dominated Finland's import value, capturing 76.9% of total flows. The rest was spread across a fragmented group of other markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020