Europe: O-Xylene Market 2024

O-Xylene Market Size in Europe

The Europe o-xylene market surged to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

O-Xylene Production in Europe

In value terms, o-xylene production shrank modestly to $X in 2022 estimated in export price. In general, production showed a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

O-Xylene Exports

Exports in Europe

In 2022, exports of o-xylene in Europe dropped modestly to X tons, which is down by X% on the previous year. Over the period under review, exports saw a perceptible slump. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, o-xylene exports soared to $X in 2022. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the main exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by France (X tons), Germany (X tons), Hungary (X tons), Russia (X tons) and Spain (X tons), together creating a X% share of total exports. Slovakia (X tons) held a relatively small share of total exports.

The Netherlands was also the fastest-growing in terms of the o-xylene exports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%) displayed positive paces of growth. By contrast, Spain (X%), Slovakia (X%), Russia (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, France, Hungary and Spain increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest o-xylene supplying countries in Europe were the Netherlands ($X), France ($X) and Germany ($X), together comprising X% of total exports. Hungary, Russia, Spain and Slovakia lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Hungary ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

O-Xylene Imports

Imports in Europe

In 2022, imports of o-xylene in Europe shrank slightly to X tons, waning by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then dropped modestly in the following year.

In value terms, o-xylene imports soared to $X in 2022. In general, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), Belgium (X tons), Italy (X tons), Austria (X tons) and Sweden (X tons) were the major importers of o-xylene, together committing X% of total imports. Belarus (X tons) followed a long way behind the leaders.

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

In value terms, the largest o-xylene importing markets in Europe were Germany ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports. The Netherlands, Austria, Sweden and Belarus lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 Europe stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Sweden ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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