U.S. - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingToluene Price in the United States - 2023
Contents:
- Toluene Price in the United States (CIF) - 2022
- Toluene Price in the United States (FOB) - 2023
- Toluene Imports in the United States
- Toluene Exports in the United States
Toluene Price in the United States (CIF) - 2022
The average toluene import price stood at $422 per ton in 2022, growing by 23% against the previous year. Overall, the import price, however, faced a abrupt contraction. The import price peaked at $1,322 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($559 per ton), while the price for Colombia ($246 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-7.8%), while the prices for the other major suppliers experienced a decline.
Toluene Price in the United States (FOB) - 2023
The average toluene export price stood at $1,388 per ton in August 2023, declining by -6.3% against the previous month. In general, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in November 2022 an increase of 21% m-o-m. Over the period under review, the average export prices attained the maximum at $2,424 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Mexico ($1,387 per ton), while the average price for exports to Canada stood at $1,340 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-1.4%), while the prices for the other major destinations experienced a decline.
Toluene Imports in the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of toluene, which increased by 40% to 717K tons in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, toluene imports soared to $303M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Toluene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.7 | 0.3 | N/A | 134 | 205.5% |
| Taiwan (Chinese) | 60.0 | 20.6 | 62.9 | 75.3 | 7.9% |
| Spain | N/A | 3.1 | N/A | 30.3 | 212.6% |
| Germany | N/A | 10.0 | 24.0 | 14.6 | 20.8% |
| Brazil | 46.4 | 29.1 | 21.3 | 13.7 | -33.4% |
| Belgium | 5.6 | 11.8 | 29.7 | 10.2 | 22.1% |
| Italy | 14.9 | 9.9 | 16.8 | 7.0 | -22.3% |
| Colombia | 11.4 | 0.2 | 0.3 | 5.2 | -23.0% |
| Argentina | N/A | 9.9 | 3.9 | N/A | -60.6% |
| Portugal | 9.3 | 16.6 | 8.4 | N/A | -5.0% |
| Others | 5.3 | 9.6 | 8.8 | 12.3 | 32.4% |
| Total | 158 | 121 | 176 | 303 | 24.2% |
Top Suppliers of Toluene to the United States in 2022:
- South Korea (284.6K tons)
- Taiwan (Chinese) (208.9K tons)
- Spain (59.5K tons)
- Brazil (37.5K tons)
- Germany (35.6K tons)
- Belgium (26.1K tons)
- Colombia (21.3K tons)
- Italy (16.3K tons)
Toluene Exports in the United States
In 2022, exports of toluene from the United States was estimated at 79K tons, approximately mirroring the year before. In general, exports, however, recorded a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 74% against the previous year.
In value terms, toluene exports surged to $189M in 2022. Over the period under review, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 224% against the previous year.
| Export of Toluene in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 402 | 23.8 | 53.4 | 105 | -36.1% |
| Canada | 51.8 | 2.7 | 41.9 | 45.7 | -4.1% |
| Guatemala | 4.0 | 3.1 | 6.1 | 9.7 | 34.3% |
| Dominican Republic | 2.1 | 1.1 | 2.5 | 4.1 | 25.0% |
| Honduras | 2.2 | 1.3 | 2.4 | 3.7 | 18.9% |
| Peru | 1.8 | 0.7 | 4.1 | 3.5 | 24.8% |
| Others | 11.9 | 4.3 | 9.2 | 17.0 | 12.6% |
| Total | 476 | 36.9 | 120 | 189 | -26.5% |
Top Export Markets for Toluene from the United States in 2022:
- Mexico (42.5K tons)
- Canada (23.7K tons)
- Guatemala (4.4K tons)
- Honduras (2.3K tons)
- Dominican Republic (1.8K tons)
- Peru (1.3K tons)
This report provides an in-depth analysis of the toluene market in the U.S.. 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 20141225 - Toluene
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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