Finland: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Finland

The Finnish benzoyl peroxide and chloride market soared to $X in 2022, growing by 25% 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, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +70.5% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Finland

In 2021, the amount of benzoyl peroxide and benzoyl chloride exported from Finland skyrocketed to X kg, growing by 560% compared with the year before. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 4,238% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, benzoyl peroxide and chloride exports skyrocketed to $X in 2021. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 4,622%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X kg) was the main destination for benzoyl peroxide and chloride exports from Finland, accounting for a 76% share of total exports. Moreover, benzoyl peroxide and chloride exports to Latvia exceeded the volume sent to the second major destination, Norway (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia amounted to -3.0%.

In value terms, the largest markets for benzoyl peroxide and chloride exported from Finland were Norway ($X) and Latvia ($X).

Among the main countries of destination, Norway, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2021, increasing by 72% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 95%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Latvia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+45.6%), while the prices for the other major destinations experienced a decline.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Finland

In 2022, the amount of benzoyl peroxide and benzoyl chloride imported into Finland skyrocketed to X tons, growing by 16% on the previous year. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +88.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 66%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. Overall, total imports indicated temperate growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Romania (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Finland, together comprising 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +851.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and Romania ($X) appeared to be the largest benzoyl peroxide and chloride suppliers to Finland, with a combined 98% share of total imports.

France, with a CAGR of +901.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Romania ($X per ton), while the price for Germany ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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