Germany: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Germany

The German benzoyl peroxide and chloride market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Benzoyl Peroxide And Benzoyl Chloride in Germany

In value terms, benzoyl peroxide and chloride production surged to $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +49.7% against 2020 indices. 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 from Germany

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were exported from Germany; which is down by -15.9% against 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, benzoyl peroxide and chloride exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for benzoyl peroxide and chloride exports from Germany, accounting for a 39% share of total exports. Moreover, benzoyl peroxide and chloride exports to the United States exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.8% per year) and Turkey (+14.5% per year).

In value terms, the United States ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Germany, comprising 27% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by France, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.4% per year) and France (+6.7% per year).

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, rising by 35% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. 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 for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 the UK (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Germany

In 2022, supplies from abroad of benzoyl peroxide and benzoyl chloride was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 19%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Germany, with a combined 66% share of total imports. The United States, South Korea, China, Mexico and the Netherlands lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belgium ($X) and the United States ($X) constituted the largest benzoyl peroxide and chloride suppliers to Germany, together accounting for 59% of total imports. Italy, Mexico, China, the Netherlands and South Korea lagged somewhat behind, together comprising a further 33%.

Mexico, with a CAGR of +31.8%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :