Slovenia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Slovenia

The Slovene benzoyl peroxide and chloride market reduced markedly to $X in 2022, with a decrease of -23.7% against the previous year. Over the period under review, consumption, however, posted a mild expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Benzoyl Peroxide And Benzoyl Chloride in Slovenia

In value terms, benzoyl peroxide and chloride production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 5.3% against the previous year. Benzoyl peroxide and chloride production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Slovenia

In 2022, shipments abroad of benzoyl peroxide and benzoyl chloride was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 38%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, benzoyl peroxide and chloride exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for benzoyl peroxide and chloride exports from Slovenia, accounting for a 54% share of total exports. Moreover, benzoyl peroxide and chloride exports to Germany exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+11.5% per year) and the Czech Republic (-8.3% per year).

In value terms, Germany ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Slovenia, comprising 54% of total exports. The second position in the ranking was held by Serbia ($X), with an 11% share of total exports. It was followed by the Czech Republic, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+13.2% per year) and the Czech Republic (-4.1% per year).

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and Italy ($X per ton), while the average price for exports to Serbia ($X per ton) and Albania ($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 Italy (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Slovenia

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were imported into Slovenia; reducing by -10.8% compared with the year before. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride imports reached $X in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of 51%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of benzoyl peroxide and chloride to Slovenia, accounting for a 67% share of total imports. Moreover, benzoyl peroxide and chloride imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +184.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.1% per year) and the United States (+68.5% per year).

In value terms, Poland ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Slovenia, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Mexico, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +185.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+39.0% per year) and Mexico (+301.7% per year).

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +34.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 61% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform