Kenya: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Kenya

The Kenyan benzoyl peroxide and chloride market skyrocketed to $X in 2022, picking up by 99% 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, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Kenya

In 2022, the amount of benzoyl peroxide and benzoyl chloride exported from Kenya fell dramatically to X tons, shrinking by -20.1% compared with 2021. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of 520%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, benzoyl peroxide and chloride exports contracted remarkably to $X in 2022. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 501%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) and Rwanda (X kg) were the main destinations of benzoyl peroxide and chloride exports from Kenya.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +17.0%).

In value terms, Tanzania ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Kenya, comprising 80% of total exports. The second position in the ranking was held by Rwanda ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania amounted to +12.3%.

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, shrinking by -12.1% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of 90% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Rwanda stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-4.0%), while the prices for the other major destinations experienced a decline.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Kenya

In 2022, imports of benzoyl peroxide and benzoyl chloride into Kenya surged to X tons, rising by 52% on 2021 figures. In general, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 111% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 101% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and the Netherlands (X kg) were the main suppliers of benzoyl peroxide and chloride imports to Kenya, with a combined 66% share of total imports. The United Arab Emirates, South Africa, China and India lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +36.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest benzoyl peroxide and chloride suppliers to Kenya were Italy ($X), Turkey ($X) and the Netherlands ($X), together accounting for 67% of total imports. South Africa, the United Arab Emirates, China and India lagged somewhat behind, together comprising a further 4.4%.

South Africa, with a CAGR of +26.1%, saw 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

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, with a decrease of -3.9% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced modestly in the following year.

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 the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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