Scandinavia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Scandinavia

The Scandinavia benzoyl peroxide and chloride market surged to $X in 2022, growing by 31% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern 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 Scandinavia

In value terms, benzoyl peroxide and chloride production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a dramatic descent. The most prominent rate of growth was recorded in 2015 with an increase of 503% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Scandinavia

Benzoyl peroxide and chloride exports skyrocketed to X tons in 2022, jumping by 84% compared with 2021. Over the period under review, exports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 99%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride exports shrank modestly to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 171%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Sweden dominates exports structure, amounting to X tons, which was approx. 96% of total exports in 2022. Norway (X tons) took a relatively small share of total exports.

Exports from Sweden decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, Norway (+159.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +159.4% from 2012-2022. While the share of Norway (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-4.4 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest benzoyl peroxide and chloride supplier in Scandinavia, comprising 99% of total exports. The second position in the ranking was taken by Norway ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +13.0%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -48.3% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when the export price increased by 200%. As a result, the export price reached the peak level of $X per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+18.3%).

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Scandinavia

In 2022, purchases abroad of benzoyl peroxide and benzoyl chloride increased by 18% to X tons, rising for the third consecutive year after four years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland was the key importer of benzoyl peroxide and benzoyl chloride in Scandinavia, with the volume of imports finishing at X tons, which was near 59% of total imports in 2022. It was distantly followed by Norway (X tons), generating a 37% share of total imports. Sweden (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +3.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Finland ($X), Norway ($X) and Sweden ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 99.9% of total imports.

Among the main importing countries, Finland, with a CAGR of +4.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 when the import price increased by 21%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform