Report Update Nov 1, 2024

Western Africa - Benzoyl Peroxide and Benzoyl Chloride - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Western Africa

In 2022, the West African benzoyl peroxide and chloride market decreased by -7.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Benzoyl Peroxide And Benzoyl Chloride in Western Africa

In value terms, benzoyl peroxide and chloride production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 1,528,100%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Western Africa

In 2018, benzoyl peroxide and chloride exports in Western Africa amounted to X kg, leveling off at the year before. Over the period under review, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2014. The volume of export peaked in 2018 and is likely to continue growth in the near future.

In value terms, benzoyl peroxide and chloride exports amounted to $X in 2018. In general, exports saw a pronounced expansion. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs in 2018 and are expected to retain growth in the immediate term.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2018, shrinking by -54.7% against the previous year. Over the period under review, the export price continues to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 when the export price decreased by -54.7%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2018, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2013 to 2018, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Western Africa

In 2022, supplies from abroad of benzoyl peroxide and benzoyl chloride decreased by -4.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 573% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, benzoyl peroxide and chloride imports dropped to $X in 2022. Overall, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 223%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which resulted at 70% of total imports. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Mali (X tons). All these countries together took approx. 27% share of total imports.

Nigeria was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride imports, with a CAGR of +47.7% from 2012 to 2022. At the same time, Cote d'Ivoire (+13.4%) and Mali (+10.0%) displayed positive paces of growth. While the share of Nigeria (+63 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mali (-6.9 p.p.) and Cote d'Ivoire (-7.5 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in Western Africa, comprising 57% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 22% share of total imports.

In Nigeria, benzoyl peroxide and chloride imports expanded at an average annual rate of +50.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+10.9% per year) and Mali (+7.0% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, waning by -3.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 42%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Mali ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzoyl peroxide and benzoyl chloride in Western Africa?

Nigeria constituted the country with the largest volume of benzoyl peroxide and chloride consumption, accounting for 73% of total volume. Moreover, benzoyl peroxide and chloride consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Mali, fivefold.

What is the average export price for benzoyl peroxide and benzoyl chloride in Western Africa?

The benzoyl peroxide and chloride export price in Western Africa stood at $4,083 per ton in 2018, declining by -54.7% against the previous year.

What is the average import price for benzoyl peroxide and benzoyl chloride in Western Africa?

In 2021, the benzoyl peroxide and chloride import price in Western Africa amounted to $7,273 per ton, rising by 37% against the previous year.

This report provides an in-depth analysis of the market for benzoyl peroxide and chloride in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143365 - Benzoyl peroxide and benzoyl chloride

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023