Australia and Oceania: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Australia and Oceania

In 2022, the benzol, toluol and xylol market in Australia and Oceania increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a deep reduction. Over the period under review, the market attained the peak level 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 Australia and Oceania

In value terms, benzol, toluol and xylol production fell to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Australia and Oceania

In 2022, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported in Australia and Oceania reduced sharply to X tons, dropping by X% on the year before. Overall, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports shrank significantly to $X in 2022. In general, exports saw a dramatic decrease. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Australia (X kg), achieving a X% share of total exports.

New Zealand was also the fastest-growing in terms of the benzol (benzene), toluol (toluene) and xylol (xylenes) exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) emerged as the largest benzol, toluol and xylol supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

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

Imports in Australia and Oceania

In 2022, supplies from abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, benzol, toluol and xylol imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Micronesia represented the largest importer of benzol (benzene), toluol (toluene) and xylol (xylenes) in Australia and Oceania, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), Fiji (X tons), Papua New Guinea (X tons) and Australia (X tons), together making up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to benzol, toluol and xylol imports into Micronesia stood at X%. At the same time, New Zealand (X%), Papua New Guinea (X%) and Fiji (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Australia (X%) illustrated a downward trend over the same period. Micronesia (X p.p.), New Zealand (X p.p.), Fiji (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Micronesia ($X) constitutes the largest market for imported benzol (benzene), toluol (toluene) and xylol (xylenes) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Micronesia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by X% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price 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, benzol, toluol and xylol import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 Papua New Guinea ($X per ton), while Micronesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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