Spain: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Spain

In 2022, the Spanish benzoyl peroxide and chloride market increased by 11% to $X, rising for the third year in a row after six years of decline. Overall, consumption showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Spain

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were exported from Spain; which is down by -22.4% on 2021. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 175%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, benzoyl peroxide and chloride exports rose sharply to $X in 2022. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 79% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X tons) was the main destination for benzoyl peroxide and chloride exports from Spain, with a 35% share of total exports. Moreover, benzoyl peroxide and chloride exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by Chile (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+17.0% per year) and Chile (+32.8% per year).

In value terms, the largest markets for benzoyl peroxide and chloride exported from Spain were Portugal ($X), Chile ($X) and France ($X), with a combined 69% share of total exports. Italy, Morocco, Germany and Greece lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Germany, with a CAGR of +48.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, increasing by 38% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Spain

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were imported into Spain; waning by -7.8% compared with the previous year's figure. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, benzoyl peroxide and chloride imports reached $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of benzoyl peroxide and chloride to Spain, with a 61% share of total imports. Moreover, benzoyl peroxide and chloride imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.8% per year) and Germany (-12.7% per year).

In value terms, Italy ($X) constituted the largest supplier of benzoyl peroxide and benzoyl chloride to Spain, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Belgium (+11.7% per year).

Import Prices by Country

In 2022, the average benzoyl peroxide and chloride import price amounted to $X per ton, jumping by 16% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +60.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :