Australia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Australia

The Australian benzoyl peroxide and chloride market dropped modestly to $X in 2022, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.8% against 2020 indices. Benzoyl peroxide and chloride consumption peaked at $X in 2021, and then fell in the following year.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Australia

In 2022, benzoyl peroxide and chloride exports from Australia contracted remarkably to X tons, with a decrease of -57.9% on 2021 figures. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,437,000%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzoyl peroxide and chloride exports declined markedly to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 90,815% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for benzoyl peroxide and chloride exports from Australia, with a 96% share of total exports. Moreover, benzoyl peroxide and chloride exports to New Zealand exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled +29.7%.

In value terms, New Zealand ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Australia, comprising 89% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand amounted to +23.3%.

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, waning by -27.3% against the previous year. In general, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.9%).

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Australia

In 2022, purchases abroad of benzoyl peroxide and benzoyl chloride increased by 16% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.4% 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 2014 with an increase of 47% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, benzoyl peroxide and chloride imports dropped to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +13.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 66%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of benzoyl peroxide and chloride to Australia, with a 55% share of total imports. Moreover, benzoyl peroxide and chloride imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.6% per year) and Germany (-9.2% per year).

In value terms, the largest benzoyl peroxide and chloride suppliers to Australia were China ($X), Belgium ($X) and Italy ($X), together accounting for 69% of total imports. Germany, the UK, the United States and India lagged somewhat behind, together accounting for a further 27%.

India, with a CAGR of +87.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, shrinking by -20.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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