United Kingdom: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in the UK

The UK benzoyl peroxide and chloride market surged to $X in 2022, growing by 53% 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 prominent 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, consumption increased by +81.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from the UK

In 2022, shipments abroad of benzoyl peroxide and benzoyl chloride decreased by -51% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2016 when exports increased by 153%. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, benzoyl peroxide and chloride exports expanded sharply to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 95%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), Ireland (X tons) and the Netherlands (X tons) were the main destinations of benzoyl peroxide and chloride exports from the UK, together accounting for 56% of total exports. The United Arab Emirates, Qatar, Hong Kong SAR, Germany, Spain, Switzerland, Slovenia, Denmark, the Czech Republic and France lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) emerged as the key foreign market for benzoyl peroxide and benzoyl chloride exports from the UK, comprising 26% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Ireland amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.4% per year) and the United Arab Emirates (+22.3% per year).

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, growing by 118% against the previous year. In general, the export price posted a slight increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Australia ($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 Hong Kong SAR (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into the UK

In 2022, supplies from abroad of benzoyl peroxide and benzoyl chloride increased by 20% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +72.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, benzoyl peroxide and chloride imports skyrocketed to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +79.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest benzoyl peroxide and chloride supplier to the UK, with a 49% 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. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.0% per year) and Germany (-2.9% per year).

In value terms, Italy ($X), Germany ($X) and Poland ($X) were the largest benzoyl peroxide and chloride suppliers to the UK, with a combined 62% share of total imports. Mexico, Belgium, China, South Korea and the Netherlands lagged somewhat behind, together accounting for a further 33%.

China, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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, increasing by 32% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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