SADC: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in SADC

The SADC benzoyl peroxide and chloride market skyrocketed to $X in 2022, growing by 68% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Benzoyl Peroxide And Benzoyl Chloride in SADC

In value terms, benzoyl peroxide and chloride production reached $X in 2022 estimated in export price. The total production indicated a tangible increase 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, production decreased by -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in SADC

In 2022, after two years of decline, there was significant growth in shipments abroad of benzoyl peroxide and benzoyl chloride, when their volume increased by 102% to X tons. Over the period under review, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 542%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride exports skyrocketed to $X in 2022. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 621% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Swaziland (X kg), mixing up a 5.6% share of total exports.

South Africa was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride exports, with a CAGR of +26.4% from 2012 to 2022. Swaziland (-22.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa increased by +83 percentage points.

In value terms, South Africa ($X) remains the largest benzoyl peroxide and chloride supplier in SADC, comprising 90% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +39.8%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by -29.8% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 234% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell markedly in the following year.

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 Swaziland ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+24.1%).

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in SADC

After three years of decline, overseas purchases of benzoyl peroxide and benzoyl chloride increased by 97% to X tons in 2022. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. Overall, imports saw pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, finishing at X tons, which was approx. 92% of total imports in 2022. Namibia (X tons) and Zambia (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Namibia (+86.1%) and Zambia (+14.0%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of +86.1% from 2012-2022. While the share of Namibia (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-1.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in SADC, comprising 93% of total imports. The second position in the ranking was held by Namibia ($X), with a 2.3% share of total imports.

In South Africa, benzoyl peroxide and chloride imports expanded at an average annual rate of +3.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Namibia (+76.7% per year) and Zambia (+5.7% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with an increase of 29% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform