China - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in China - 2023
Contents:
- Benzene Price in China (CIF) - 2023
- Benzene Price in China (FOB) - 2022
- Benzene Imports in China
- Benzene Exports in China
Benzene Price in China (CIF) - 2023
The average benzene import price stood at $882 per ton in June 2023, declining by -7.3% against the previous month. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 7.3% m-o-m. Over the period under review, average import prices hit record highs at $1,321 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Saudi Arabia ($900 per ton) and Thailand ($891 per ton), while the price for Vietnam ($837 per ton) and Brunei Darussalam ($866 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzene Price in China (FOB) - 2022
In 2022, the average benzene export price amounted to $1,110 per ton, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 114%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($2,499 per ton), while the average price for exports to the United States ($1,386 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+48.4%), while the prices for the other major destinations experienced mixed trend patterns.
Benzene Imports in China
In 2022, benzene imports into China expanded markedly to 3.3M tons, surging by 11% on the previous year. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 67%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, benzene imports surged to $3.4B in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 181% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Benzene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 696 | 509 | 1,351 | 1,683 | 34.2% |
| Brunei Darussalam | 1.9 | 69.5 | 398 | 548 | 560.7% |
| Thailand | 128 | 126 | 318 | 343 | 38.9% |
| Japan | 100 | 33.3 | 86.5 | 177 | 21.0% |
| Malaysia | 66.7 | 42.3 | 78.7 | 131 | 25.2% |
| Oman | 5.0 | 32.7 | 122 | 112 | 181.9% |
| Singapore | 14.8 | 13.6 | 18.7 | 81.5 | 76.6% |
| Philippines | 1.8 | 3.0 | 49.2 | 77.0 | 249.7% |
| Indonesia | 13.8 | 12.1 | 18.0 | 69.5 | 71.4% |
| Vietnam | 30.0 | 41.7 | 55.3 | 64.6 | 29.1% |
| India | 96.7 | 52.9 | 106 | 42.0 | -24.3% |
| Saudi Arabia | 40.4 | 14.5 | 28.3 | 39.5 | -0.7% |
| Others | 32.9 | 38.8 | 156 | 79.5 | 34.2% |
| Total | 1,228 | 990 | 2,785 | 3,447 | 41.1% |
Top Suppliers of Benzene to China in 2022:
- South Korea (1600.5K tons)
- Brunei Darussalam (509.1K tons)
- Thailand (331.4K tons)
- Japan (170.3K tons)
- Malaysia (134.3K tons)
- Oman (128.3K tons)
- Singapore (89.5K tons)
- Philippines (73.2K tons)
- Indonesia (61.9K tons)
- Vietnam (60.1K tons)
- Saudi Arabia (42.4K tons)
- India (40.2K tons)
Benzene Exports in China
In 2022, the amount of benzene exported from China soared to 24K tons, rising by 133% on 2021. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 238%.
In value terms, benzene exports surged to $27M in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 624% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Benzene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 3.2 | 0% |
| Saudi Arabia | N/A | 0.1 | 0.2 | 1.0 | 216.2% |
| United States | 0.2 | N/A | 3.4 | 0.5 | 35.7% |
| Malaysia | N/A | N/A | N/A | 0.3 | 0% |
| Djibouti | N/A | N/A | N/A | 0.3 | 0% |
| Belgium | N/A | N/A | 5.6 | N/A | 0% |
| Taiwan (Chinese) | 22.0 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 1.5 | 2.2 | 21.3 | 497.2% |
| Total | 22.2 | 1.6 | 11.4 | 26.6 | 6.2% |
Top Export Markets for Benzene from China in 2022:
- Thailand (1.3K tons)
- Saudi Arabia (0.6K tons)
- United States (0.4K tons)
- Djibouti (0.2K tons)
- Malaysia (0.1K tons)
This report provides an in-depth analysis of the benzene market in China. 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
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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