Southern Asia: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Southern Asia

In 2022, the amount of benzoyl peroxide and benzoyl chloride exported in Southern Asia expanded modestly to X tons, with an increase of 1.9% compared with the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 226% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, benzoyl peroxide and chloride exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of 227% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. 98% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to benzoyl peroxide and chloride exports from India stood at +44.2%. At the same time, Sri Lanka (+89.3%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +89.3% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest benzoyl peroxide and chloride supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +54.2%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 150% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%).

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Southern Asia

In 2022, supplies from abroad of benzoyl peroxide and benzoyl chloride increased by 33% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, recording X tons, which was near 88% of total imports in 2022. It was distantly followed by Pakistan (X tons), creating an 8.1% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to benzoyl peroxide and chloride imports into India stood at +1.8%. At the same time, Pakistan (+11.6%) and Sri Lanka (+4.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +11.6% from 2012-2022. While the share of Pakistan (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in Southern Asia, comprising 87% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 8.3% share of total imports.

In India, benzoyl peroxide and chloride imports increased at an average annual rate of +6.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+12.4% per year) and Sri Lanka (+4.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of 6.6% against the previous year. Import price indicated a moderate increase 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 +60.5% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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