Asia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Asia

After four years of growth, the Asian benzoyl peroxide and chloride market decreased by -8.1% to $X in 2022. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Benzoyl Peroxide And Benzoyl Chloride in Asia

In value terms, benzoyl peroxide and chloride production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Asia

Benzoyl peroxide and chloride exports surged to X tons in 2022, jumping by 80% on the previous year. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +88.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, benzoyl peroxide and chloride exports surged to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 66% of total exports in 2022. South Korea (X tons) ranks second in terms of the total exports with a 7.8% share, followed by India (7.8%), Turkey (6%), Japan (4.9%) and Indonesia (4.7%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to benzoyl peroxide and chloride exports from China stood at +7.9%. At the same time, India (+44.2%), Turkey (+19.5%), Indonesia (+8.6%) and South Korea (+3.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +44.2% from 2012-2022. By contrast, Japan (-4.6%) and Taiwan (Chinese) (-8.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, China and Turkey increased by +7.4, +7.1 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest benzoyl peroxide and chloride supplier in Asia, comprising 50% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +5.3%. In the other countries, the average annual rates were as follows: India (+54.2% per year) and Turkey (+23.7% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 India ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Asia

Benzoyl peroxide and chloride imports soared to X tons in 2022, picking up by 45% compared with 2021 figures. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. Overall, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of benzoyl peroxide and benzoyl chloride, namely Turkey, Indonesia and South Korea, represented more than half of total import. India (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (7.2%). China (X tons), the United Arab Emirates (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), South Korea ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 58% share of total imports.

Turkey, with a CAGR of +23.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Asia stood at $X per ton in 2022, increasing by 4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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