Portugal: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Portugal

The Portuguese benzoyl peroxide and chloride market stood at $X in 2022, with an increase of 1.9% 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). In general, consumption showed a abrupt downturn. Benzoyl peroxide and chloride consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Portugal

After two years of growth, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by -92.2% to X kg in 2022. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 474% against the previous year. As a result, the exports attained the peak of X tons, and then reduced notably in the following year.

In value terms, benzoyl peroxide and chloride exports shrank sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 134%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to France totaled +24.4%.

In value terms, France ($X) emerged as the key foreign market for benzoyl peroxide and benzoyl chloride exports from Portugal.

From 2012 to 2022, the average annual growth rate of value to France stood at +25.5%.

Export Prices by Country

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, surging by 578% against the previous year. Overall, the export price showed a pronounced increase. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +0.9% per year.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Portugal

Benzoyl peroxide and chloride imports into Portugal fell to X tons in 2022, which is down by -10.4% compared with the previous year. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride imports shrank modestly to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 86% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest benzoyl peroxide and chloride supplier to Portugal, with a 57% share of total imports. Moreover, benzoyl peroxide and chloride imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.9% per year) and Poland (-21.2% per year).

In value terms, Spain ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Portugal, comprising 50% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.3% per year) and France (+17.5% per year).

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, picking up by 7% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +66.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 72%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain 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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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