We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
EU - Benzene - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

EU - Benzene - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Article Publishing Date: Apr 19, 2022

EU Benzene Imports Rebound to $3.1B After 2020's Slump

IndexBox has just published a new report: 'EU - Benzene - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The EU benzene market soared to $11.3B in 2021, growing by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price).

EU Benzene Production

In 2021, after two years of decline, there was growth in production of benzene, when its volume increased by 2.5% to 6.4M tons. Overall, production, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2011 with an increase of 9.7% y-o-y. Over the period under review, production attained the maximum volume at 7.7M tons in 2007; however, from 2008 to 2021, production stood at a somewhat lower figure.

In value terms, benzene production rose remarkably to $9.2B in 2021 estimated in export prices. In general, production, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2012 with an increase of 20% year-to-year. Over the period under review, production reached the peak level at $11.9B in 2014; however, from 2015 to 2021, production remained at a lower figure.

Production by Country

The countries with the highest volumes of benzene production in 2021 were Germany (1.2M tons), Belgium (954K tons) and the Netherlands (692K tons), with a combined 44% share of total production.

From 2007 to 2021, the most notable rate of growth in terms of benzene production, amongst the main producing countries, was attained by Belgium, while benzene production for the other leaders experienced more modest paces of growth.

EU Benzene Imports

Benzene imports increased rapidly and reached 3.2M tons in 2021. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzene imports surged to $3.1B in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $3.9B in 2013; however, from 2014 to 2021, imports failed to regain the momentum.

Imports by Country

Belgium (1,008K tons) and the Netherlands (726K tons) represented roughly 55% of total imports of benzene in 2021. Germany (370K tons) ranks next in terms of the total imports with a 12% share, followed by Spain (10%), Italy (6.3%) and Portugal (5.9%). France (139K tons) occupied a minor share of total imports.

From 2007 to 2021, the biggest increases were in Portugal, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest benzene importing markets in the European Union were Belgium ($991M), the Netherlands ($769M) and Germany ($375M), with a combined 68% share of total imports. These countries were followed by Spain, Italy, Portugal and France, which together accounted for a further 28%.

Import Prices by Country

The benzene import price in the European Union stood at $983 per ton in 2021, rising by 56% against the previous year. Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($1,059 per ton) and Portugal ($1,057 per ton), while France ($929 per ton) and Belgium ($984 per ton) were amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced mixed trends in the import price figures.

EU Benzene Exports

In 2021, after three years of decline, there was significant growth in overseas shipments of benzene, when their volume increased by 38% to 2.3M tons. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, exports hit record highs at 2.6M tons in 2013; however, from 2014 to 2021, exports failed to regain the momentum.

In value terms, benzene exports soared to $2B in 2021. In general, exports, however, continue to indicate a mild shrinkage. Over the period under review, exports attained the maximum at $3.4B in 2014; however, from 2015 to 2021, exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of benzene, namely Belgium, the Netherlands and Germany, represented more than two-thirds of total export. Poland (142K tons) occupied the next position in the ranking, followed by France (140K tons) and Hungary (135K tons). All these countries together took approx. 18% share of total exports. Slovakia (53K tons) took a relatively small share of total exports.

From 2007 to 2021, the biggest increases were in Slovakia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest benzene supplying countries in the European Union were the Netherlands ($561M), Germany ($466M) and Belgium ($370M), together accounting for 69% of total exports. These countries were followed by Poland, France, Hungary and Slovakia, which together accounted for a further 23%.

Export Prices by Country

In 2021, the benzene export price in the European Union amounted to $893 per ton, increasing by 33% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($1,063 per ton), while Belgium ($624 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Hungary, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the benzene market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20141223 - Benzene

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended posts

Thailand Experiences a 3% Decline in January 2024 As Exports of Benzene Drops to $31 Million
Mar 27, 2024
Eye 105
China's Benzene Price Drops 7%, Averages $882/Ton After Two Straight Months of Decline
Oct 15, 2023
Eye 416
The Netherlands's Benzene Price Grows Slightly to $954 per Ton
Jul 5, 2023
Eye 275
UK Benzene Price Drops Sharply to $570 per Ton
Apr 26, 2023
Eye 380
Free Data: Benzene - European Union
Table
Benzene - European Union - Table
Dashboard
Benzene - European Union - Dashboard
Report
Benzene - European Union - Report