China: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in China

In 2022, the Chinese benzoyl peroxide and chloride market decreased by -92.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption faced a sharp slump. Over the period under review, the market attained the peak level at $X in 2021, and then declined sharply in the following year.

Production of Benzoyl Peroxide And Benzoyl Chloride in China

In value terms, benzoyl peroxide and chloride production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 19%. Benzoyl peroxide and chloride production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from China

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were exported from China; picking up by 179% on the previous year's figure. Over the period under review, exports recorded a resilient expansion. 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. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), South Korea (X tons) and India (X tons) were the main destinations of benzoyl peroxide and chloride exports from China, together comprising 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +42.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), South Korea ($X) and India ($X) appeared to be the largest markets for benzoyl peroxide and chloride exported from China worldwide, with a combined 57% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +47.0%, 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

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, increasing by 6.2% against the previous year. In general, the export price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to India ($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 Belgium (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into China

In 2022, imports of benzoyl peroxide and benzoyl chloride into China declined dramatically to X tons, waning by -33% compared with 2021 figures. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride imports shrank rapidly to $X in 2022. Overall, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +72.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 108% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest benzoyl peroxide and chloride supplier to China, accounting for a 75% share of total imports. Moreover, benzoyl peroxide and chloride imports from Japan exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sevenfold. Poland (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+39.4% per year) and Poland (+76.6% per year).

In value terms, Japan ($X), Mexico ($X) and Germany ($X) were the largest benzoyl peroxide and chloride suppliers to China, with a combined 82% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +45.6%, recorded the highest rates of growth with regard to the value of imports, 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, growing by 23% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +61.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 70% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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