Belgium: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Belgium

In 2022, the Belgian benzoyl peroxide and chloride market was finally on the rise to reach $X after four years of decline. In general, consumption enjoyed a strong increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Benzoyl Peroxide And Benzoyl Chloride in Belgium

In value terms, benzoyl peroxide and chloride production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 11%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Belgium

After six years of growth, shipments abroad of benzoyl peroxide and benzoyl chloride decreased by -49.3% to X tons in 2022. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 175%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, benzoyl peroxide and chloride exports declined rapidly to $X in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 146% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), the United States (X tons) and Poland (X tons) were the main destinations of benzoyl peroxide and chloride exports from Belgium, together accounting for 59% of total exports. Germany, India, Brazil, South Korea, the UK, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +85.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Poland ($X) constituted the largest markets for benzoyl peroxide and chloride exported from Belgium worldwide, together accounting for 59% of total exports. Germany, India, Brazil, the UK, South Korea, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Brazil, with a CAGR of +71.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, growing by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 the United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Belgium

In 2022, purchases abroad of benzoyl peroxide and benzoyl chloride decreased by -87.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 574%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports shrank notably to $X in 2022. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 392%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Belgium, together accounting for 73% of total imports. Poland, the Netherlands, France and China lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Mexico ($X) and the Netherlands ($X) were the largest benzoyl peroxide and chloride suppliers to Belgium, together comprising 79% of total imports. Poland, Italy, France and China lagged somewhat behind, together accounting for a further 18%.

China, with a CAGR of +22.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, surging by 25% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, benzoyl peroxide and chloride import price increased by +37.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 44% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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