EU: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in the EU

In 2022, the EU benzoyl peroxide and chloride market increased by 52% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.9% against 2020 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Benzoyl Peroxide And Benzoyl Chloride in the EU

In value terms, benzoyl peroxide and chloride production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in the EU

In 2022, after five years of growth, there was significant decline in shipments abroad of benzoyl peroxide and benzoyl chloride, when their volume decreased by -18.2% to X tons. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, the exports attained the peak of X tons, and then fell sharply in the following year.

In value terms, benzoyl peroxide and chloride exports expanded notably to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +94.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Germany was the largest exporting country with an export of around X tons, which resulted at 57% of total exports. Belgium (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Italy (13%) and Poland (11%). The Netherlands (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of benzoyl peroxide and benzoyl chloride. At the same time, the Netherlands (+19.5%), Italy (+5.5%) and Poland (+3.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +19.5% from 2012-2022. By contrast, Belgium (-7.8%) illustrated a downward trend over the same period. While the share of Italy (+5.6 p.p.), Germany (+4.7 p.p.), the Netherlands (+3.2 p.p.) and Poland (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-16.2 p.p.) displayed negative dynamics.

In value terms, the largest benzoyl peroxide and chloride supplying countries in the European Union were Germany ($X), Italy ($X) and Poland ($X), together accounting for 78% of total exports. Belgium and the Netherlands lagged somewhat behind, together comprising a further 16%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +21.9%, 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

In 2022, the export price in the European Union amounted to $X per ton, with an increase of 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other leaders experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in the EU

In 2022, purchases abroad of benzoyl peroxide and benzoyl chloride decreased by -5.4% to X tons for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +80.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 34%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) represented roughly 67% of total imports in 2022. The Netherlands (X tons) ranks next in terms of the total imports with a 13% share, followed by France (5.2%). The following importers - Austria (X tons) and Finland (X tons) - together made up 6.2% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, together comprising 59% of total imports. France, the Netherlands, Austria and Finland lagged somewhat behind, together accounting for a further 27%.

The Netherlands, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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