China - Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Benzol, Toluol and Xylol in China - 2023
Contents:
- Price for Benzol, Toluol and Xylol in China (CIF) - 2023
- Price for Benzol, Toluol and Xylol in China (FOB) - 2022
- Imports of Benzol, Toluol and Xylol in China
- Exports of Benzol, Toluol and Xylol in China
Price for Benzol, Toluol and Xylol in China (CIF) - 2023
In June 2023, the average benzol, toluol and xylol import price amounted to $921 per ton, waning by -8.8% against the previous month. Over the period under review, the import price showed a mild reduction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices reached the maximum at $1,015 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($945 per ton), while the price for Thailand ($918 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Oman (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Benzol, Toluol and Xylol in China (FOB) - 2022
In 2022, the average benzol, toluol and xylol export price amounted to $1,012 per ton, picking up by 36% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 69%. The export price peaked at $1,295 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,547 per ton), while the average price for exports to Taiwan (Chinese) ($889 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 (-1.8%), while the prices for the other major destinations experienced a decline.
Imports of Benzol, Toluol and Xylol in China
In 2022, purchases abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -9.5% to 1M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 36%.
In value terms, benzol, toluol and xylol imports surged to $1B in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Benzol, Toluol and Xylol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 141 | 248 | 359 | 567 | 59.0% |
| South Korea | 207 | 195 | 267 | 265 | 8.6% |
| Taiwan (Chinese) | 86.4 | 45.9 | 93.5 | 74.9 | -4.6% |
| Philippines | 4.4 | 3.5 | 38.9 | 56.5 | 134.2% |
| Indonesia | 10.9 | 7.3 | 8.8 | 40.1 | 54.4% |
| Thailand | 66.7 | 47.4 | 84.4 | 24.1 | -28.8% |
| India | 57.8 | 0.5 | 0.4 | 1.0 | -74.1% |
| Others | 2.5 | 13.3 | 15.8 | 2.1 | -5.6% |
| Total | 577 | 561 | 868 | 1,032 | 21.4% |
Top Suppliers of Benzol, Toluol and Xylol to China in 2022:
- Japan (540.7K tons)
- South Korea (261.9K tons)
- Taiwan (Chinese) (79.0K tons)
- Philippines (54.0K tons)
- Indonesia (43.2K tons)
- Thailand (26.3K tons)
- India (1.4K tons)
Exports of Benzol, Toluol and Xylol in China
In 2022, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported from China soared to 34K tons, picking up by 2,945% on the previous year. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, benzol, toluol and xylol exports skyrocketed to $34M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Benzol, Toluol and Xylol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 21.2 | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 8.1 | 0% |
| United States | N/A | N/A | N/A | 3.2 | 0% |
| Philippines | N/A | N/A | 0.6 | 1.4 | 133.3% |
| India | 1.3 | 0.1 | 0.1 | 0.2 | -46.4% |
| Ethiopia | 0.4 | N/A | N/A | N/A | 0% |
| Democratic People's Republic of Korea | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Total | 3.2 | 0.1 | 0.8 | 34.1 | 120.1% |
Top Export Markets for Benzol, Toluol and Xylol from China in 2022:
- Philippines (undefinedK tons)
- South Korea (22.2K tons)
- Taiwan (Chinese) (9.1K tons)
- United States (2.0K tons)
- India (0.2K tons)
This report provides an in-depth analysis of the market for benzol, toluol and xylol 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 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)
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.
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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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