Latin America and the Caribbean: Benzene Market 2024

Benzene Market Size in Latin America and the Caribbean

The Latin American benzene market shrank slightly to $X in 2022, dropping by X% against the previous year. In general, consumption showed a slight downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Benzene Production in Latin America and the Caribbean

In value terms, benzene production shrank to $X in 2022 estimated in export price. The total output 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 pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Benzene Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of benzene were exported in Latin America and the Caribbean; shrinking by X% against 2021 figures. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, benzene exports contracted significantly to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X tons), committing a X% share of total exports. Venezuela (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to benzene exports from Brazil stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia and Brazil increased by X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest benzene supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Benzene Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in purchases abroad of benzene, which increased by X% to X tons in 2022. Over the period under review, imports showed mild growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, benzene imports rose to $X in 2022. In general, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. 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

Venezuela prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Argentina (X tons), mixing up a X% share of total imports. Honduras (X tons) took a little share of total imports.

Venezuela was also the fastest-growing in terms of the benzene imports, with a CAGR of X% from 2012 to 2022. At the same time, Honduras (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. Venezuela (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Venezuela ($X) constitutes the largest market for imported benzene in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Honduras ($X), with a X% share of total imports.

In Venezuela, benzene imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Honduras (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Honduras ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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