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

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

The Asia-Pacific benzol, toluol and xylol market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption showed a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, benzol, toluol and xylol production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. 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-Pacific

For the third consecutive year, Asia-Pacific recorded decline in overseas shipments of benzol (benzene), toluol (toluene) and xylol (xylenes), which decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports soared to $X in 2022. Total exports indicated a resilient 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 pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Japan represented the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons), together committing a X% share of total exports. The Philippines (X tons) and Indonesia (X tons) followed a long way behind the leaders.

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%) and Thailand (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) and Thailand (X p.p.) displayed negative dynamics. 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) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, the Philippines and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, saw the highest growth rate of 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-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 ($X per ton) and Japan ($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-Pacific

In 2022, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were imported in Asia-Pacific; waning by X% compared with 2021 figures. Over the period under review, imports saw a noticeable setback. 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 somewhat lower figure.

In value terms, benzol, toluol and xylol imports expanded remarkably to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China represented the major importer of benzol (benzene), toluol (toluene) and xylol (xylenes) in Asia-Pacific, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together making up a X% share of total imports. India (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest benzol, toluol and xylol importing markets in Asia-Pacific were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. India and Malaysia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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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