Denmark: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Denmark

In 2022, the Danish benzoyl peroxide and chloride market increased by 103% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Benzoyl Peroxide And Benzoyl Chloride in Denmark

In value terms, benzoyl peroxide and chloride production dropped to $X in 2022 estimated in export price. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 363% against the previous year. Benzoyl peroxide and chloride production peaked at $X in 2021, and then fell in the following year.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Denmark

Benzoyl peroxide and chloride exports from Denmark skyrocketed to X tons in 2022, rising by 31% against 2021 figures. Over the period under review, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 888% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, benzoyl peroxide and chloride exports surged to $X in 2022. Overall, exports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 677%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for benzoyl peroxide and chloride exports from Denmark, accounting for a 68% share of total exports. Moreover, benzoyl peroxide and chloride exports to Norway exceeded the volume sent to the second major destination, Finland (X kg), fivefold. The third position in this ranking was taken by Sweden (X kg), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+210.7% per year) and Sweden (+38.3% per year).

In value terms, the largest markets for benzoyl peroxide and chloride exported from Denmark were Norway ($X), Finland ($X) and Sweden ($X), with a combined 83% share of total exports.

In terms of the main countries of destination, Finland, with a CAGR of +177.6%, saw the highest growth rate of 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, declining by -4.6% against the previous year. Overall, the export price faced a abrupt decline. The growth pace was the most rapid in 2021 an increase of 84%. The export price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the average price for exports to Norway ($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 (+3.8%), while the prices for the other major destinations experienced a decline.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Denmark

In 2022, the amount of benzoyl peroxide and benzoyl chloride imported into Denmark soared to X tons, with an increase of 54% against the previous year. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 60% against the previous year. 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 soared to $X in 2022. In general, imports, however, continue to indicate a slight curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of benzoyl peroxide and chloride to Denmark, accounting for a 69% share of total imports. Moreover, benzoyl peroxide and chloride imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Sweden (X kg) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+55.7% per year) and Sweden (-20.1% per year).

In value terms, Germany ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Denmark, comprising 81% of total imports. The second position in the ranking was taken by the UK ($X), with an 11% share of total imports. It was followed by Sweden, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+67.7% per year) and Sweden (-16.7% per year).

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, jumping by 60% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while the price for the UK ($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 (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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