Eastern Europe: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Eastern Europe

The East European benzoyl peroxide and chloride market expanded modestly to $X in 2022, surging by 3.3% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Benzoyl Peroxide And Benzoyl Chloride in Eastern Europe

In value terms, benzoyl peroxide and chloride production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 3,487% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Eastern Europe

After five years of growth, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by -8.1% to X tons in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 28%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, benzoyl peroxide and chloride exports rose notably to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +140.0% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Poland (X tons), together reaching 98% of total export.

Poland was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride exports, with a CAGR of +3.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) also remains the largest benzoyl peroxide and chloride supplier in Eastern Europe.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland stood at +6.9%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +3.7% per year.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Eastern Europe

After five years of growth, supplies from abroad of benzoyl peroxide and benzoyl chloride decreased by -6.3% to X tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 16%. 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 surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +47.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Poland represented the main importer of benzoyl peroxide and benzoyl chloride in Eastern Europe, with the volume of imports recording X tons, which was near 74% of total imports in 2022. Russia (X tons) ranks second in terms of the total imports with a 12% share, followed by the Czech Republic (5.5%). Hungary (X tons), Belarus (X tons) and Romania (X tons) took a little share of total imports.

Imports into Poland increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Belarus (+27.5%), Romania (+6.7%), Russia (+2.3%) and Hungary (+1.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +27.5% from 2012-2022. By contrast, the Czech Republic (-1.9%) illustrated a downward trend over the same period. Belarus (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic saw its share reduced by -3.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in Eastern Europe, comprising 60% of total imports. The second position in the ranking was held by Russia ($X), with a 13% share of total imports. It was followed by the Czech Republic, with a 9.2% share.

In Poland, benzoyl peroxide and chloride imports increased at an average annual rate of +6.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+3.5% per year) and the Czech Republic (-0.4% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by 30% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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