MERCOSUR: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in MERCOSUR

For the third consecutive year, the MERCOSUR benzoyl peroxide and chloride market recorded growth in sales value, which increased by 8.5% to $X in 2022. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Benzoyl Peroxide And Benzoyl Chloride in MERCOSUR

In value terms, benzoyl peroxide and chloride production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp contraction. The most prominent rate of growth was recorded in 2013 with a decrease of 99.9%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in MERCOSUR

After two years of growth, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by -13.1% to X tons in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,215% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzoyl peroxide and chloride exports rose markedly to $X in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,184% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X tons) was the major exporter of benzoyl peroxide and benzoyl chloride, mixing up 56% of total exports. Colombia (X tons) took the second position in the ranking, distantly followed by Peru (X tons) and Argentina (X tons). All these countries together took approx. 44% share of total exports.

Brazil was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride exports, with a CAGR of +52.7% from 2012 to 2022. At the same time, Peru (+48.1%), Colombia (+12.1%) and Argentina (+5.5%) displayed positive paces of growth. From 2012 to 2022, the share of Brazil and Peru increased by +49 and +13 percentage points, respectively.

In value terms, Brazil ($X) remains the largest benzoyl peroxide and chloride supplier in MERCOSUR, comprising 56% of total exports. The second position in the ranking was taken by Colombia ($X), with a 26% share of total exports. It was followed by Peru, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +40.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+5.7% per year) and Peru (+43.9% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by 22% against the previous year. Overall, the export price, however, saw a abrupt decline. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in MERCOSUR

Benzoyl peroxide and chloride imports declined to X tons in 2022, falling by -11% against 2021 figures. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +108.7% against 2015 indices. The growth pace was the most rapid in 2018 with an increase of 22%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Brazil prevails in imports structure, resulting at X tons, which was near 65% of total imports in 2022. It was distantly followed by Chile (X tons), Argentina (X tons), Colombia (X tons) and Peru (X tons), together making up a 33% share of total imports.

Imports into Brazil increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Colombia (+5.5%), Chile (+2.1%) and Argentina (+1.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +5.5% from 2012-2022. By contrast, Peru (-4.4%) illustrated a downward trend over the same period. While the share of Brazil (+15 p.p.) and Colombia (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in MERCOSUR, comprising 57% of total imports. The second position in the ranking was held by Chile ($X), with a 13% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +9.1%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+5.7% per year) and Argentina (+13.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, jumping by 31% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, benzoyl peroxide and chloride import price increased by +84.1% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Chile ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform