Japan: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Japan

In 2022, after three years of growth, there was significant decline in the Japanese benzoyl peroxide and chloride market, when its value decreased by -23.1% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then shrank remarkably in the following year.

Production of Benzoyl Peroxide And Benzoyl Chloride in Japan

In value terms, benzoyl peroxide and chloride production dropped modestly to $X in 2022 estimated in export price. In general, production recorded a mild reduction. The growth pace was the most rapid in 2018 with an increase of 8.2%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Japan

After three years of decline, overseas shipments of benzoyl peroxide and benzoyl chloride increased by 13% to X tons in 2022. In general, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 when exports increased by 52%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride exports stood at $X in 2022. Over the period under review, exports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for benzoyl peroxide and chloride exports from Japan, accounting for a 59% share of total exports. Moreover, benzoyl peroxide and chloride exports to Indonesia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was held by India (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-5.8% per year) and India (-4.1% per year).

In value terms, Indonesia ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Japan, comprising 57% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 27% share of total exports. It was followed by India, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-6.0% per year) and India (-1.5% per year).

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 China (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Japan

In 2022, benzoyl peroxide and chloride imports into Japan contracted rapidly to X tons, which is down by -46.5% on 2021 figures. Over the period under review, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports dropped dramatically to $X in 2022. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of benzoyl peroxide and chloride to Japan, accounting for a 53% share of total imports. Moreover, benzoyl peroxide and chloride imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.1% per year) and Germany (+6.1% per year).

In value terms, Indonesia ($X), Mexico ($X) and South Korea ($X) appeared to be the largest benzoyl peroxide and chloride suppliers to Japan, together comprising 90% of total imports.

Among the main suppliers, Mexico, with a CAGR of +30.4%, 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 mixed trend patterns.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price reached 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 Mexico ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :