South-Eastern Asia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in South-Eastern Asia

The Southeast Asian benzoyl peroxide and chloride market surged to $X in 2022, increasing by 154% against the previous year. In general, consumption enjoyed a buoyant expansion. 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 South-Eastern Asia

In value terms, benzoyl peroxide and chloride production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 11% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of benzoyl peroxide and benzoyl chloride, when their volume decreased by -10.7% to X tons. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 40%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, benzoyl peroxide and chloride exports soared to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Indonesia dominates exports structure, amounting to X tons, which was near 95% of total exports in 2022. Malaysia (X tons) and Singapore (X tons) held a minor share of total exports.

Indonesia was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride exports, with a CAGR of +8.6% from 2012 to 2022. Malaysia and Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia increased by +5.9 percentage points.

In value terms, Indonesia ($X) remains the largest benzoyl peroxide and chloride supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by Singapore ($X), with a 4.7% share of total exports.

In Indonesia, benzoyl peroxide and chloride exports increased at an average annual rate of +12.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+5.2% per year) and Malaysia (+4.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, jumping by 29% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in South-Eastern Asia

In 2022, benzoyl peroxide and chloride imports in South-Eastern Asia surged to X tons, rising by 164% on 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia dominates imports structure, resulting at X tons, which was approx. 83% of total imports in 2022. The Philippines (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together held near 10% share of total imports. The following importers - Vietnam (X tons) and Malaysia (X tons) - together made up 5.6% of total imports.

Indonesia was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride imports, with a CAGR of +22.0% from 2012 to 2022. At the same time, the Philippines (+9.8%), Thailand (+8.5%) and Vietnam (+6.8%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. While the share of Indonesia (+30 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (-4.7 p.p.), Vietnam (-4.9 p.p.), Thailand (-5.3 p.p.) and Malaysia (-7.6 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in South-Eastern Asia, comprising 65% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 13% share of total imports. It was followed by Thailand, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to +21.3%. In the other countries, the average annual rates were as follows: the Philippines (+16.5% per year) and Thailand (+10.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by -26.2% against the previous year. Overall, the import price continues to indicate a slight slump. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 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 the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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