Report Update Apr 1, 2024

Kuwait - Benzol (Benzene), Toluol (Toluene) and Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2022, the Kuwaiti benzol, toluol and xylol market decreased by X% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, benzol, toluol and xylol production dropped to $X in 2022 estimated in export price. In general, production saw a pronounced curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Benzol, toluol and xylol production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports from Kuwait

In 2022, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported from Kuwait; jumping by X% against 2021 figures. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, benzol, toluol and xylol exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for benzol, toluol and xylol exports from Kuwait, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%.

Export Prices by Country

The average benzol, toluol and xylol export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

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

Imports into Kuwait

In 2022, benzol, toluol and xylol imports into Kuwait declined modestly to X tons, dropping by X% compared with the year before. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, benzol, toluol and xylol imports reached $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), South Korea (X tons) and the Netherlands (X tons) were the main suppliers of benzol, toluol and xylol imports to Kuwait, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest benzol, toluol and xylol suppliers to Kuwait were the United States ($X), South Korea ($X) and the Netherlands ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average benzol, toluol and xylol import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed resilient growth. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

The countries with the highest volumes of consumption in 2023 were the United States, the Netherlands and China, with a combined 46% share of global consumption. India, Japan, Russia, South Korea, Finland, Brazil, Nigeria, Taiwan Chinese) and Portugal lagged somewhat behind, together comprising a further 26%.

What are the largest producers of benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

The country with the largest volume of benzol, toluol and xylol production was Japan, comprising approx. 23% of total volume. Moreover, benzol, toluol and xylol production in Japan exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was held by India, with a 5.1% share.

What are the leading suppliers of benzol (benzene), toluol (toluene) and xylol (xylenes) to Kuwait?

In value terms, the United States, South Korea and the Netherlands constituted the largest benzol, toluol and xylol suppliers to Kuwait, together comprising 86% of total imports.

What are the leading importers of benzol (benzene), toluol (toluene) and xylol (xylenes) from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for benzol benzene), toluol toluene) and xylol xylenes) exports from Kuwait.

What is the average export price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Kuwait?

In 2022, the average benzol, toluol and xylol export price amounted to $669 per ton, shrinking by -2.6% against the previous year.

What is the average import price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Kuwait?

In 2022, the average benzol, toluol and xylol import price amounted to $2,499 per ton, with an increase of 2.4% against the previous year.

This report provides an in-depth analysis of the market for benzol, toluol and xylol in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023