Benelux: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Benelux

In 2022, the Benelux benzoyl peroxide and chloride market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption posted a strong increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Benzoyl Peroxide And Benzoyl Chloride in Benelux

In value terms, benzoyl peroxide and chloride production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Benelux

In 2022, shipments abroad of benzoyl peroxide and benzoyl chloride decreased by -38.8% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 133% against the previous year. Over the period under review, the exports hit record highs 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 sharply to $X in 2022. Overall, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2020 when exports increased by 97%. The level of export peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Belgium represented the major exporting country with an export of about X tons, which amounted to 78% of total exports. It was distantly followed by the Netherlands (X tons), committing a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to benzoyl peroxide and chloride exports from Belgium stood at -7.8%. At the same time, the Netherlands (+19.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +19.5% from 2012-2022. The Netherlands (+20 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -20.2% from 2012 to 2022, respectively.

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of +21.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, surging by 37% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; afterwards, it flattened through to 2022.

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 the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%).

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Benelux

In 2022, overseas purchases of benzoyl peroxide and benzoyl chloride decreased by -32.8% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2013 when imports increased by 201%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride imports declined dramatically to $X in 2022. Over the period under review, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 202%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands dominates imports structure, accounting for X tons, which was near 91% of total imports in 2022. It was distantly followed by Belgium (X tons), comprising an 8.9% share of total imports.

The Netherlands was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride imports, with a CAGR of +13.7% from 2012 to 2022. Belgium (-13.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+52 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-51.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in Benelux, comprising 87% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports.

In the Netherlands, benzoyl peroxide and chloride imports increased at an average annual rate of +11.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, reducing by -3.3% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 8.2%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%).

Source: IndexBox Platform