Brazil: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Brazil

The Brazilian benzoyl peroxide and chloride market soared to $X in 2022, increasing by 22% against 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). In general, consumption, however, showed a strong increase. Benzoyl peroxide and chloride consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Brazil

In 2022, shipments abroad of benzoyl peroxide and benzoyl chloride decreased by -23.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 18,407%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzoyl peroxide and chloride exports rose remarkably to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 13,677% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for benzoyl peroxide and chloride exports from Brazil, with a 59% share of total exports. Moreover, benzoyl peroxide and chloride exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Chile (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina amounted to +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+185.5% per year) and Chile (+101.5% per year).

In value terms, Argentina ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Brazil, comprising 53% of total exports. The second position in the ranking was taken by Chile ($X), with a 22% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+72.1% per year) and the United States (+207.0% per year).

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, growing by 48% against the previous year. Over the period under review, the export price, however, saw a deep contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the United States ($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 Venezuela (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Brazil

In 2022, overseas purchases of benzoyl peroxide and benzoyl chloride decreased by -12.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 61% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, benzoyl peroxide and chloride imports soared to $X in 2022. In general, imports, however, saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Brazil, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +164.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and Mexico ($X) appeared to be the largest benzoyl peroxide and chloride suppliers to Brazil, with a combined 72% share of total imports.

The UK, with a CAGR of +168.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, increasing by 59% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 +97.7% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($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 (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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