Report Update: May 1, 2024

Mexico - Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Benzol, Toluol and Xylol in Mexico - 2023

Price for Benzol, Toluol and Xylol in Mexico (CIF) - 2023

The average benzol, toluol and xylol import price stood at $1,066 per ton in March 2023, standing approximately at the previous month. Overall, the import price recorded a deep slump. As a result, import price reached the peak level of $1,772 per ton. From August 2022 to March 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From July 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to -6.2% per month.

Price for Benzol, Toluol and Xylol in Mexico (FOB) - 2022

The average benzol, toluol and xylol export price stood at $1,334 per ton in 2022, picking up by 102% against the previous year. In general, the export price, however, saw a mild curtailment. The export price peaked at $1,603 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($1,533 per ton), while the average price for exports to El Salvador ($547 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 Guatemala (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Benzol, Toluol and Xylol in Mexico

In 2022, benzol, toluol and xylol imports into Mexico expanded remarkably to 33K tons, with an increase of 9.1% compared with the previous year. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports skyrocketed to $40M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Import of Benzol, Toluol and Xylol in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	18.0	27.6	24.9	40.2	30.7%
Belgium	1.1	1.5	1.7	N/A	24.3%
Others	1.1	N/A	1.8	N/A	27.9%
Total	20.2	29.1	28.4	40.2	25.8%

Top Suppliers of Benzol, Toluol and Xylol to Mexico in 2022:

United States (32.9K tons)

Exports of Benzol, Toluol and Xylol in Mexico

In 2022, approx. 1.5K tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported from Mexico; with an increase of 520% on the previous year's figure. Overall, exports continue to indicate a remarkable increase.

In value terms, benzol, toluol and xylol exports surged to $2M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Benzol, Toluol and Xylol in Mexico (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	828	1,069	51.7	1,599	24.5%
El Salvador	109	181	48.6	166	15.1%
Nicaragua	18.2	36.0	26.4	90.0	70.4%
Honduras	20.9	47.7	12.8	43.6	27.8%
Others	36.8	62.3	17.2	68.2	22.8%
Total	1,013	1,396	157	1,966	24.7%

Top Export Markets for Benzol, Toluol and Xylol from Mexico in 2022:

Guatemala (1042.9 tons)
El Salvador (302.9 tons)
Nicaragua (74.9 tons)
Honduras (44.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for benzol, toluol and xylol in Mexico. 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:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023