Malaysia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Malaysia

The Malaysian benzoyl peroxide and chloride market surged to $X in 2022, jumping by 98% 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). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Malaysia

After four years of growth, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by -18.4% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 166%. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, benzoyl peroxide and chloride exports declined rapidly to $X in 2022. In general, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 193% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The Philippines (X tons) was the main destination for benzoyl peroxide and chloride exports from Malaysia, with a 82% share of total exports. Moreover, benzoyl peroxide and chloride exports to the Philippines exceeded the volume sent to the second major destination, Sri Lanka (X tons), ninefold. Myanmar (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines amounted to +149.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+8.2% per year) and Myanmar (+0.5% per year).

In value terms, the Philippines ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Malaysia, comprising 83% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 7% share of total exports. It was followed by Myanmar, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at +156.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+7.6% per year) and Myanmar (-0.1% per year).

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, with an increase of 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Sri Lanka ($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 South Korea (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Malaysia

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were imported into Malaysia; jumping by 69% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 84%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 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 continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 86% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X tons), India (X tons) and China (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Malaysia, with a combined 67% share of total imports. Mexico, South Korea, Indonesia, the United States, Germany and Singapore lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), India ($X) and China ($X) constituted the largest benzoyl peroxide and chloride suppliers to Malaysia, with a combined 50% share of total imports. Mexico, Indonesia, the United States, South Korea, Germany and Singapore lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Mexico, with a CAGR of +39.6%, saw the highest growth rate of 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

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, falling by -21.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton, and then declined markedly 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 Germany ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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