Croatia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Croatia

The Croatian benzoyl peroxide and chloride market surged to $X in 2022, growing by 181% 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). Over the period under review, consumption posted a significant expansion. Benzoyl peroxide and chloride consumption peaked in 2022 and is likely to see steady growth in years to come.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Croatia

In 2022, the amount of benzoyl peroxide and benzoyl chloride exported from Croatia fell significantly to X kg, which is down by -86.3% against the year before. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,161%. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, benzoyl peroxide and chloride exports declined remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,274%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for benzoyl peroxide and chloride exports from Croatia, accounting for a 84% share of total exports. Moreover, benzoyl peroxide and chloride exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold. Serbia (X kg) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and Serbia (+32.4% per year).

In value terms, Sweden ($X) emerged as the key foreign market for benzoyl peroxide and benzoyl chloride exports from Croatia, comprising 69% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 23% share of total exports. It was followed by Serbia, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+8.5% per year) and Serbia (+38.4% per year).

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, with an increase of 223% against the previous year. In general, the export price saw prominent growth. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Croatia

For the third consecutive year, Croatia recorded growth in overseas purchases of benzoyl peroxide and benzoyl chloride, which increased by 110% to X tons in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 728% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 779%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest benzoyl peroxide and chloride supplier to Croatia, with a 79% share of total imports. Moreover, benzoyl peroxide and chloride imports from Sweden exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. Germany (X kg) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +109.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+24.9% per year) and Germany (+28.9% per year).

In value terms, Sweden ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Croatia, comprising 93% of total imports. The second position in the ranking was taken by Austria ($X), with a 3.8% share of total imports. It was followed by Germany, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +110.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+14.5% per year) and Germany (+27.1% per year).

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, surging by 5.1% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 85% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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