U.S.: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in the U.S.

The U.S. benzoyl peroxide and chloride market surged to $X in 2022, with an increase of 81% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +92.1% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from the U.S.

In 2022, the amount of benzoyl peroxide and benzoyl chloride exported from the United States expanded to X tons, with an increase of 1.8% on the year before. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 23%. The exports 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 soared to $X in 2022. The total export value 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. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Germany (X tons) and Bahamas (X tons) were the main destinations of benzoyl peroxide and chloride exports from the United States, together accounting for 81% of total exports. China, Mexico, South Korea and Peru lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +49.3%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from the United States, comprising 54% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by Bahamas, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.3% per year) and Bahamas (+1.4% 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 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 17%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Peru ($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 China (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into the U.S.

In 2022, benzoyl peroxide and chloride imports into the United States surged to X tons, jumping by 27% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed 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 surged to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, 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.

Imports by Country

In 2022, Germany (X tons) constituted the largest benzoyl peroxide and chloride supplier to the United States, accounting for a 67% share of total imports. Moreover, benzoyl peroxide and chloride imports from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+13.7% per year) and India (+213.1% per year).

In value terms, the largest benzoyl peroxide and chloride suppliers to the United States were Germany ($X), Mexico ($X) and India ($X), together accounting for 77% of total imports. Belgium and Turkey lagged somewhat behind, together comprising a further 13%.

Turkey, with a CAGR of +316.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average benzoyl peroxide and chloride import price stood at $X per ton in 2022, with an increase of 57% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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