ASEAN: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in ASEAN

The ASEAN m-xylene and xylenes market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

M-Xylene And Xylenes Production in ASEAN

In value terms, m-xylene and xylenes production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

M-Xylene And Xylenes Exports

Exports in ASEAN

M-xylene and xylenes exports declined notably to X tons in 2022, falling by X% against the year before. In general, exports recorded a significant decline. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, m-xylene and xylenes exports soared to $X in 2022. Overall, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines was the key exporter of m-xylene and mixed xylene isomers in ASEAN, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and Vietnam (X%).

Exports from the Philippines decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while the Philippines saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) remains the largest m-xylene and xylenes supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In the Philippines, m-xylene and xylenes exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while the Philippines ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

M-Xylene And Xylenes Imports

Imports in ASEAN

In 2022, m-xylene and xylenes imports in ASEAN soared to X tons, picking up by X% on the year before. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, m-xylene and xylenes imports skyrocketed to $X in 2022. In general, imports posted noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore was the largest importer of m-xylene and mixed xylene isomers in ASEAN, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to m-xylene and xylenes imports into Singapore stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform