India - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in India - 2023
Contents:
- Benzene Price in India (FOB) - 2023
- Benzene Price in India (CIF) - 2022
- Benzene Exports in India
- Benzene Imports in India
Benzene Price in India (FOB) - 2023
The average benzene export price stood at $807 per ton in July 2023, waning by -5.4% against the previous month. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 10% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,171 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Qatar ($900 per ton) and Spain ($799 per ton), while the average price for exports to Kuwait ($735 per ton) and Belgium ($747 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.4%), while the prices for the other major destinations experienced a decline.
Benzene Price in India (CIF) - 2022
In 2022, the average benzene import price amounted to $921 per ton, picking up by 26% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 101%. Over the period under review, average import prices hit record highs at $2,637 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($960 per ton), while the price for Greece totaled $897 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+47.9%), while the prices for the other major suppliers experienced a decline.
Benzene Exports in India
In 2022, approx. 1.6M tons of benzene were exported from India; reducing by -13.5% against the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 1.8M tons, and then fell in the following year.
In value terms, benzene exports fell slightly to $1.7B in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 132% against the previous year. As a result, the exports reached the peak of $1.7B, and then shrank modestly in the following year.
| Export of Benzene in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 399 | 429 | 748 | 1,033 | 37.3% |
| Belgium | 72.5 | 51.8 | 171 | 185 | 36.7% |
| Kuwait | 43.2 | 9.6 | 81.3 | 121 | 41.0% |
| Netherlands | 37.8 | 40.5 | 130 | 70.8 | 23.3% |
| Spain | 106 | 57.6 | 112 | 69.5 | -13.1% |
| China | 97.3 | 58.1 | 169 | 51.6 | -19.1% |
| Singapore | 39.3 | 14.0 | 20.7 | 47.4 | 6.4% |
| United States | 51.2 | 31.1 | 159 | 24.2 | -22.1% |
| Others | 60.8 | 28.5 | 84.2 | 52.7 | -4.7% |
| Total | 907 | 720 | 1,674 | 1,656 | 22.2% |
Top Export Markets for Benzene from India in 2022:
- Saudi Arabia (963.6K tons)
- Belgium (167.9K tons)
- Kuwait (121.6K tons)
- Spain (62.9K tons)
- Netherlands (60.1K tons)
- China (55.8K tons)
- Singapore (47.4K tons)
- United States (26.3K tons)
Benzene Imports in India
In 2022, imports of benzene into India shrank sharply to 8.1K tons, reducing by -41.4% compared with the previous year's figure. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of 14K tons, and then fell sharply in the following year.
In value terms, benzene imports reduced markedly to $7.4M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 112%. As a result, imports reached the peak of $10M, and then dropped dramatically in the following year.
| Import of Benzene in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | N/A | N/A | 4.5 | 0% |
| Malaysia | N/A | N/A | N/A | 2.9 | 0% |
| Thailand | 2.8 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 4.7 | 2.0 | N/A | N/A | -57.4% |
| Iran | N/A | 1.1 | 3.1 | N/A | 181.8% |
| Saudi Arabia | N/A | 1.7 | 3.3 | N/A | 94.1% |
| Others | N/A | N/A | 3.7 | 0.1 | -97.3% |
| Total | 7.6 | 4.8 | 10.1 | 7.4 | -0.9% |
Top Suppliers of Benzene to India in 2022:
- Greece (5.0K tons)
- Malaysia (3.0K tons)
This report provides an in-depth analysis of the benzene market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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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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