Middle East: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in the Middle East

The Middle Eastern benzoyl peroxide and chloride market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Benzoyl Peroxide And Benzoyl Chloride in the Middle East

In value terms, benzoyl peroxide and chloride production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports in the Middle East

In 2022, shipments abroad of benzoyl peroxide and benzoyl chloride increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a resilient increase. 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 skyrocketed to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey dominates exports structure, recording X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) held a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest benzoyl peroxide and chloride supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Export price indicated a moderate 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 export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports in the Middle East

In 2022, the amount of benzoyl peroxide and benzoyl chloride imported in the Middle East skyrocketed to X tons, growing by X% against the previous year's figure. Overall, imports showed a buoyant increase. As a result, imports reached 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, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Iran (X tons), making up a X% share of total imports. The following importers - Israel (X tons) and the United Arab Emirates (X tons) - each reached a X% share of total imports.

Turkey was also the fastest-growing in terms of the benzoyl peroxide and benzoyl chloride imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Iran (X%) and Israel (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Israel and Iran saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported benzoyl peroxide and benzoyl chloride in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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