Norway: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in Norway

The Norwegian benzoyl peroxide and chloride market soared to $X in 2022, with an increase of X% 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). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from Norway

In 2022, the amount of benzoyl peroxide and benzoyl chloride exported from Norway skyrocketed to X tons, growing by X% compared with the previous year's figure. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, benzoyl peroxide and chloride exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for benzoyl peroxide and chloride exports from Norway, with a X% share of total exports. It was followed by Iraq (X kg), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Brunei Darussalam (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for benzoyl peroxide and benzoyl chloride exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%).

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Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into Norway

In 2022, approx. X tons of benzoyl peroxide and benzoyl chloride were imported into Norway; with an increase of X% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, benzoyl peroxide and chloride imports surged to $X in 2022. Overall, total imports indicated tangible growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and South Korea (X tons) were the main suppliers of benzoyl peroxide and chloride imports to Norway, together accounting for X% of total imports. The Netherlands, France and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and South Korea ($X) were the largest benzoyl peroxide and chloride suppliers to Norway, with a combined X% share of total imports. The Netherlands, Mexico and France lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, growing by X% against the previous year. Over the period from 2012 to 2022, 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 origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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