Morocco: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Morocco

In 2022, the Moroccan benzoyl peroxide and chloride market increased by 14% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.2% against 2019 indices. Benzoyl peroxide and chloride consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Morocco

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were exported from Morocco; increasing by 9.8% compared with the previous year's figure. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2018 when exports increased by 57% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, benzoyl peroxide and chloride exports reached $X in 2022. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Mali (X tons) was the main destination for benzoyl peroxide and chloride exports from Morocco, accounting for a 83% share of total exports. Moreover, benzoyl peroxide and chloride exports to Mali exceeded the volume sent to the second major destination, Congo (X kg), more than tenfold. Burkina Faso (X kg) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Mali amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+10.0% per year) and Burkina Faso (+28.0% per year).

In value terms, Mali ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Morocco, comprising 82% of total exports. The second position in the ranking was held by Congo ($X), with a 6.9% share of total exports. It was followed by Burkina Faso, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+9.0% per year) and Burkina Faso (+26.6% per year).

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, waning by -7.7% against the previous year. Overall, the export price showed a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 5.2%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Burkina Faso ($X per ton) and Congo ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) and Mali ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Morocco

In 2022, supplies from abroad of benzoyl peroxide and benzoyl chloride increased by 3% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X tons) was the main benzoyl peroxide and chloride supplier to Morocco, accounting for a 94% share of total imports. Moreover, benzoyl peroxide and chloride imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +3.4%.

In value terms, Italy ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Morocco, comprising 87% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +5.1%.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Italy stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%).

Source: IndexBox Platform

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