Asia: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Asia

The Asian benzol, toluol and xylol market shrank to $X in 2022, dropping by X% against the previous year. In general, consumption showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Asia

In value terms, benzol, toluol and xylol production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Exports in Asia

Benzol, toluol and xylol exports shrank to X tons in 2022, falling by X% against the previous year's figure. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, benzol, toluol and xylol exports reached $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Japan (X tons) represented the key exporter of benzol (benzene), toluol (toluene) and xylol (xylenes), making up X% of total exports. South Korea (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons), Saudi Arabia (X tons) and Thailand (X tons). All these countries together took near X% share of total exports. The following exporters - the Philippines (X tons) and Indonesia (X tons) - each accounted for a X% share of total exports.

Exports from Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Taiwan (Chinese) (X%), South Korea (X%), the Philippines (X%), Saudi Arabia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese), South Korea and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Saudi Arabia, Thailand, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and South Korea ($X per ton), while Indonesia ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

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

Imports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Imports in Asia

In 2022, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were imported in Asia; with a decrease of X% on the previous year's figure. In general, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports expanded remarkably to $X in 2022. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the major importing country with an import of about X tons, which finished at X% of total imports. South Korea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). The following importers - India (X tons), Turkey (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. India, Malaysia and Turkey lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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