Latin America and the Caribbean: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Latin America and the Caribbean

The Latin American benzoyl peroxide and chloride market soared to $X in 2022, increasing by X% against the previous year. In general, consumption saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Benzoyl Peroxide And Benzoyl Chloride in Latin America and the Caribbean

In value terms, benzoyl peroxide and chloride production rose significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The growth pace was the most rapid in 2016 when the production volume increased by X,567% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of benzoyl peroxide and benzoyl chloride decreased by X% to X tons in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, benzoyl peroxide and chloride exports contracted markedly to $X in 2022. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

In 2022, Mexico (X tons) and Brazil (X tons) were the key exporters of benzoyl peroxide and benzoyl chloride in Latin America and the Caribbean, together making up X% of total exports. It was distantly followed by Colombia (X tons), creating a X% share of total exports. Argentina (X tons) held a relatively small share of total exports.

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

In value terms, Mexico ($X), Colombia ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw 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 export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in Latin America and the Caribbean

In 2022, imports of benzoyl peroxide and benzoyl chloride in Latin America and the Caribbean fell to X tons, which is down by X% compared with 2021 figures. Overall, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of benzoyl peroxide and benzoyl chloride, making up X% of total imports. Mexico (X tons) ranks second in terms of the total imports with an X% share, followed by Colombia (X%), Chile (X%) and Argentina (X%). Peru (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to benzoyl peroxide and chloride imports into Brazil stood at X%. At the same time, Guatemala (X%), Colombia (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Colombia (X p.p.), Chile (X p.p.), Argentina (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, benzoyl peroxide and chloride imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import 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 importers, the country with the highest price was Guatemala ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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