EU - Benzene - Market Analysis, Forecast, Size, Trends And Insights
Latest Report Update: Apr 19, 2022

EU - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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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 tonnes. 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 tonnes 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 tonnes), Belgium (954K tonnes) and the Netherlands (692K tonnes), 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 tonnes 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 tonnes) and the Netherlands (726K tonnes) represented roughly 55% of total imports of benzene in 2021. Germany (370K tonnes) 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 tonnes) 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 tonne 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 tonne) and Portugal ($1,057 per tonne), while France ($929 per tonne) and Belgium ($984 per tonne) 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 tonnes. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, exports hit record highs at 2.6M tonnes 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 tonnes) occupied the next position in the ranking, followed by France (140K tonnes) and Hungary (135K tonnes). All these countries together took approx. 18% share of total exports. Slovakia (53K tonnes) 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 tonne, 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 tonne), while Belgium ($624 per tonne) 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 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 2025.


Product coverage:
• Prodcom 20141223 - Benzene

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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• 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
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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