Republic of Korea - 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 South Korea - 2022
Contents:
- Price for Benzol, Toluol and Xylol in South Korea (CIF) - 2022
- Price for Benzol, Toluol and Xylol in South Korea (FOB) - 2022
- Imports of Benzol, Toluol and Xylol in South Korea
- Exports of Benzol, Toluol and Xylol in South Korea
Price for Benzol, Toluol and Xylol in South Korea (CIF) - 2022
In December 2022, the average benzol, toluol and xylol import price amounted to $845 per ton, with a decrease of -10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in March 2022 an increase of 20% m-o-m. Over the period under review, average import prices attained the maximum at $1,243 per ton in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($851 per ton), while the price for Australia totaled $679 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Benzol, Toluol and Xylol in South Korea (FOB) - 2022
In December 2022, the average benzol, toluol and xylol export price amounted to $896 per ton, falling by -9.3% against the previous month. Overall, export price indicated modest growth from December 2021 to December 2022: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, benzol, toluol and xylol export price decreased by -9.3% against November 2022 indices. The most prominent rate of growth was recorded in March 2022 an increase of 24% against the previous month. The export price peaked at $1,279 per ton in June 2022; however, from July 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2022, the countries with the highest prices were the United States ($918 per ton) and Singapore ($903 per ton), while the average price for exports to the United Arab Emirates ($816 per ton) and China ($885 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Benzol, Toluol and Xylol in South Korea
Benzol, toluol and xylol imports into South Korea contracted dramatically to 598K tons in 2022, shrinking by -34.7% on the previous year. In general, imports faced a sharp downturn. The smallest decline of -13.8% was in 2021.
In value terms, benzol, toluol and xylol imports reduced to $588M in 2022. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year.
| Import of Benzol, Toluol and Xylol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 885 | 492 | 642 | 543 | -15.0% |
| China | N/A | N/A | N/A | 13.9 | 0% |
| Indonesia | N/A | N/A | N/A | 9.9 | 0% |
| Taiwan (Chinese) | 13.9 | 11.3 | 8.7 | 6.2 | -23.6% |
| Others | 18.0 | 8.3 | 14.4 | 14.6 | -6.7% |
| Total | 917 | 512 | 666 | 588 | -13.8% |
Top Suppliers of Benzol, Toluol and Xylol to South Korea in 2022:
- Japan (555.2K tons)
- Indonesia (11.3K tons)
- China (10.8K tons)
- Taiwan (Chinese) (6.0K tons)
Exports of Benzol, Toluol and Xylol in South Korea
Benzol, toluol and xylol exports from South Korea reached 704K tons in 2022, picking up by 15% compared with 2021. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, benzol, toluol and xylol exports skyrocketed to $732M in 2022. Overall, exports recorded a resilient 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 South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | N/A | N/A | 244 | 380.5% |
| China | 195 | 189 | 265 | 239 | 7.0% |
| Singapore | 10.1 | 2.2 | 0.7 | 77.8 | 97.5% |
| Taiwan (Chinese) | 192 | 90.2 | 175 | 64.9 | -30.3% |
| India | 15.0 | 3.5 | 5.3 | 36.2 | 34.1% |
| Malaysia | 9.9 | 4.8 | 3.0 | 24.7 | 35.6% |
| United Arab Emirates | N/A | N/A | N/A | 11.3 | 0% |
| Brunei Darussalam | N/A | 21.6 | N/A | N/A | 0% |
| Others | 26.6 | 6.3 | 8.8 | 33.3 | 7.8% |
| Total | 451 | 317 | 458 | 732 | 17.5% |
Top Export Markets for Benzol, Toluol and Xylol from South Korea in 2022:
- China (242.6K tons)
- United States (211.2K tons)
- Singapore (83.2K tons)
- Taiwan (Chinese) (69.4K tons)
- India (32.6K tons)
- Malaysia (23.5K tons)
- United Arab Emirates (11.6K tons)
This report provides an in-depth analysis of the market for benzol, toluol and xylol in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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