China: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in China

After two years of growth, the Chinese benzoyl peroxide and chloride market decreased by X% to $X in 2022. In general, consumption saw a deep downturn. Over the period under review, the market attained the peak level at $X in 2021, and then shrank sharply in the following year.

Production of Benzoyl Peroxide And Benzoyl Chloride in China

In value terms, benzoyl peroxide and chloride production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Benzoyl peroxide and chloride production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from China

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were exported from China; with an increase of X% against the year before. In general, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzoyl peroxide and chloride exports surged to $X in 2022. Overall, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), South Korea (X tons) and India (X tons) were the main destinations of benzoyl peroxide and chloride exports from China, with a combined X% share of total exports. The Netherlands, Italy, Russia, Mexico, Indonesia, Taiwan (Chinese), Brazil, Poland, the United Arab Emirates and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for benzoyl peroxide and chloride exported from China were Turkey ($X), South Korea ($X) and India ($X), with a combined X% share of total exports. The Netherlands, Italy, Russia, Mexico, Taiwan (Chinese), Indonesia, Brazil, the United Arab Emirates, Poland and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, 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

In 2022, the average benzoyl peroxide and chloride export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to Indonesia ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into China

Benzoyl peroxide and chloride imports into China fell rapidly to X tons in 2022, declining by X% against the previous year's figure. Overall, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, benzoyl peroxide and chloride imports fell remarkably to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of benzoyl peroxide and chloride to China, with a X% share of total imports. Moreover, benzoyl peroxide and chloride imports from Japan exceeded the figures recorded by the second-largest supplier, Mexico (X tons), sevenfold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Poland (X% per year).

In value terms, the largest benzoyl peroxide and chloride suppliers to China were Japan ($X), Mexico ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, rising by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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