Greece: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Greece

The Greek benzoyl peroxide and chloride market surged to $X in 2022, with an increase of 38% 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). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +81.4% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Greece

After three years of decline, overseas shipments of benzoyl peroxide and benzoyl chloride increased by 60,200% to X tons in 2022. In general, exports showed significant growth. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, benzoyl peroxide and chloride exports surged to $X in 2022. Over the period under review, exports recorded a significant expansion. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for benzoyl peroxide and chloride exports from Greece, with a 90% share of total exports. Moreover, benzoyl peroxide and chloride exports to Germany exceeded the volume sent to the second major destination, Turkey (X kg), tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Germany stood at -5.1%.

From 2013 to 2022, the average annual growth rate of value to Germany amounted to +8.8%.

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, falling by -49% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 353% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Greece

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were imported into Greece; with an increase of 33% on 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +56.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +80.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Greece, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +271.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest benzoyl peroxide and chloride suppliers to Greece were Italy ($X), Germany ($X) and France ($X), with a combined 78% share of total imports.

France, with a CAGR of +185.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, growing by 8.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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