Indonesia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Indonesia

In 2022, after two years of decline, there was significant growth in the Indonesian benzoyl peroxide and chloride market, when its value increased by 39,107% to $X. Over the period under review, consumption enjoyed a significant increase. 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 Indonesia

In value terms, benzoyl peroxide and chloride production shrank to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 11%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Indonesia

In 2022, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by -7.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 40%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, benzoyl peroxide and chloride exports surged to $X in 2022. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons), India (X tons) and Thailand (X tons) were the main destinations of benzoyl peroxide and chloride exports from Indonesia, together comprising 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +65.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for benzoyl peroxide and chloride exported from Indonesia were Japan ($X), India ($X) and Thailand ($X), together accounting for 67% of total exports.

India, with a CAGR of +78.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, with an increase of 31% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while the average price for exports to Thailand ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Indonesia

In 2022, the amount of benzoyl peroxide and benzoyl chloride imported into Indonesia skyrocketed to X tons, increasing by 377% against the previous year. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest benzoyl peroxide and chloride supplier to Indonesia, with a 53% share of total imports. Moreover, benzoyl peroxide and chloride imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+78.4% per year) and Belgium (+17.3% per year).

In value terms, Japan ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Indonesia, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+44.5% per year) and Belgium (+16.6% per year).

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, which is down by -2.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 India ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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