Italy: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Italy

The Italian benzoyl peroxide and chloride market skyrocketed to $X in 2022, with an increase of 320% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Benzoyl Peroxide And Benzoyl Chloride in Italy

In value terms, benzoyl peroxide and chloride production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 5.7%. Benzoyl peroxide and chloride production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Italy

In 2022, exports of benzoyl peroxide and benzoyl chloride from Italy totaled X tons, therefore, remained relatively stable against 2021. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by +71.6% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, benzoyl peroxide and chloride exports skyrocketed to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +98.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons), Turkey (X tons) and Germany (X tons) were the main destinations of benzoyl peroxide and chloride exports from Italy, with a combined 39% share of total exports. Poland, Egypt, Canada, the Philippines, Spain, Morocco, Jordan, Belgium, Greece and the United Arab Emirates lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +46.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for benzoyl peroxide and chloride exported from Italy were Germany ($X), the UK ($X) and Turkey ($X), together comprising 36% of total exports. Poland, Egypt, Canada, Spain, Morocco, the Philippines, Greece, Belgium, the United Arab Emirates and Jordan lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, the Philippines, with a CAGR of +51.6%, 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

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to the UK ($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 Philippines (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Italy

In 2022, overseas purchases of benzoyl peroxide and benzoyl chloride increased by 7.5% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume 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 +37.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and South Korea (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Italy, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest benzoyl peroxide and chloride suppliers to Italy were Poland ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 68% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +25.2%, recorded the highest rates of growth with regard to 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 average benzoyl peroxide and chloride import price stood at $X per ton in 2022, with an increase of 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import 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 importers, the country with the highest price was Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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