China: Market for Benzoyl Peroxide And Benzoyl Chloride 2024

Market Size for Benzoyl Peroxide And Benzoyl Chloride in China

The Chinese benzoyl peroxide and chloride market surged to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Benzoyl Peroxide And Benzoyl Chloride in China

In value terms, benzoyl peroxide and chloride production declined markedly to $X in 2023 estimated in export price. Overall, production, however, saw a noticeable descent. The growth pace was the most rapid in 2018 when the production volume increased by X%. Benzoyl peroxide and chloride production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Benzoyl Peroxide And Benzoyl Chloride

Exports from China

After two years of growth, shipments abroad of benzoyl peroxide and benzoyl chloride decreased by X% to X tons in 2023. Over the period under review, exports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, benzoyl peroxide and chloride exports dropped significantly to $X in 2023. Overall, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

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

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average benzoyl peroxide and chloride export price stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, 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 2023, 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 mixed trend patterns.

Imports of Benzoyl Peroxide And Benzoyl Chloride

Imports into China

In 2023, the amount of benzoyl peroxide and benzoyl chloride imported into China reduced sharply to X tons, which is down by X% on 2022. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, benzoyl peroxide and chloride imports declined sharply to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Japan (X tons) constituted the largest benzoyl peroxide and chloride supplier 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), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

In value terms, the largest benzoyl peroxide and chloride suppliers to China were Mexico ($X), Japan ($X) and Germany ($X), together accounting for X% of total imports. The United States, Taiwan (Chinese), Indonesia, Belgium and Poland lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average benzoyl peroxide and chloride import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, 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