Europe: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Europe

In 2022, the Europe benzoyl peroxide and chloride market increased by 46% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.4% 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 +52.9% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Benzoyl Peroxide And Benzoyl Chloride in Europe

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% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Europe

In 2022, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by -18.3% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, benzoyl peroxide and chloride exports totaled $X in 2022. Total exports indicated a measured increase 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 +95.1% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany represented the key exporting country with an export of about X tons, which resulted at 57% of total exports. Belgium (X tons) held the second position in the ranking, followed by Italy (X tons) and Poland (X tons). All these countries together held near 37% share of total exports. 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 Europe, with a CAGR of +19.5% from 2012-2022. By contrast, Belgium (-7.8%) illustrated a downward trend over the same period. Italy (+5.5 p.p.), Germany (+4.6 p.p.), the Netherlands (+3.2 p.p.) and Poland (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -16.2% from 2012 to 2022, respectively.

In value terms, the largest benzoyl peroxide and chloride supplying countries in Europe were Germany ($X), Italy ($X) and Poland ($X), with a combined 77% share of total exports. Belgium and the Netherlands lagged somewhat behind, together accounting for a further 16%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +21.9%, recorded 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 export price in Europe stood at $X per ton in 2022, growing by 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.

Prices varied noticeably by country of origin: 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 Europe

In 2022, after six years of growth, there was decline in overseas purchases of benzoyl peroxide and benzoyl chloride, when their volume decreased by -2.8% to X tons. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. The volume of import peaked at X tons in 2021, and then contracted modestly 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 +5.2% 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 +84.7% against 2015 indices. The growth pace was the most rapid in 2013 when imports increased by 31%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons), Italy (X tons), the UK (X tons) and the Netherlands (X tons) represented roughly 77% of total imports in 2022. The following importers - France (X tons), Austria (X tons), Russia (X tons) and Finland (X tons) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. The UK, France, the Netherlands, Austria, Russia and Finland lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, the Netherlands, with a CAGR of +11.9%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. 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