Report Update Nov 1, 2024

Philippines - Benzoyl Peroxide and Benzoyl Chloride - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in the Philippines

In 2022, the Philippine benzoyl peroxide and chloride market decreased by -18.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2021, and then fell significantly in the following year.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from the Philippines

In 2018, exports of benzoyl peroxide and benzoyl chloride from the Philippines stood at X kg, therefore, remained relatively stable against 2017. Overall, exports showed a significant curtailment. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, benzoyl peroxide and chloride exports stood at $X in 2018. In general, exports recorded a abrupt decrease. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

Exports by Country

Japan (X kg) was the main destination for benzoyl peroxide and chloride exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Japan was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Japan was relatively modest.

Export Prices by Country

In 2018, the average benzoyl peroxide and chloride export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a significant expansion. The growth pace was the most rapid in 2013 a decrease of 99.9% against the previous year. The export price peaked in 2018 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2018, the rate of growth in terms of prices for Japan amounted to 0.0% per year.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into the Philippines

In 2022, overseas purchases of benzoyl peroxide and benzoyl chloride decreased by -26.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 73%. Over the period under review, imports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, benzoyl peroxide and chloride imports reduced remarkably to $X in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of benzoyl peroxide and chloride to the Philippines, with a 43% share of total imports. Moreover, benzoyl peroxide and chloride imports from Italy exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +68.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+227.0% per year) and Taiwan (Chinese) (+66.1% per year).

In value terms, Italy ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to the Philippines, comprising 48% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by Malaysia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +74.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+77.0% per year) and Malaysia (+254.9% per year).

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, picking up by 13% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +11.6% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 35%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzoyl peroxide and benzoyl chloride in the world?

The countries with the highest volumes of benzoyl peroxide and chloride consumption in 2021 were the United States, China and Germany, with a combined 37% share of global consumption. South Korea, Turkey, the UK, Japan, Taiwan Chinese), Mexico, the Netherlands, Brazil, Canada and France lagged somewhat behind, together comprising a further 39%.

What are the largest producers of benzoyl peroxide and benzoyl chloride in the world?

Germany constituted the country with the largest volume of benzoyl peroxide and chloride production, comprising approx. 54% of total volume. Moreover, benzoyl peroxide and chloride production in Germany exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by Belgium, with an 11% share.

What are the leading suppliers of benzoyl peroxide and benzoyl chloride to the Philippines?

In value terms, Italy constituted the largest supplier of benzoyl peroxide and chloride to the Philippines, comprising 47% of total imports. The second position in the ranking was occupied by the United States, with a 17% share of total imports. It was followed by Taiwan Chinese), with a 15% share.

What is the average export price for benzoyl peroxide and benzoyl chloride in the Philippines?

In 2018, the average benzoyl peroxide and chloride export price amounted to $2,984 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for benzoyl peroxide and benzoyl chloride in the Philippines?

In 2021, the average benzoyl peroxide and chloride import price amounted to $4,185 per ton, surging by 7.9% against the previous year.

This report provides an in-depth analysis of the market for benzoyl peroxide and chloride in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143365 - Benzoyl peroxide and benzoyl chloride

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023