Latin America and the Caribbean: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Latin America and the Caribbean

The Latin American benzol, toluol and xylol market dropped slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Latin America and the Caribbean

In value terms, benzol, toluol and xylol production declined to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt setback. The growth pace was the most rapid in 2017 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 remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported in Latin America and the Caribbean skyrocketed to X tons, picking up by X% on the previous year. In general, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzol, toluol and xylol exports surged to $X in 2022. Overall, exports, however, saw a perceptible contraction. 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

Argentina was the key exporting country with an export of about X tons, which accounted for X% of total exports. Brazil (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%). The following exporters - Guatemala (X tons) and Venezuela (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to benzol, toluol and xylol exports from Argentina stood at X%. At the same time, Guatemala (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Venezuela (X%) illustrated a downward trend over the same period. Argentina (X p.p.), Mexico (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Venezuela saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Argentina ($X) remains the largest benzol, toluol and xylol supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

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

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

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

Imports in Latin America and the Caribbean

Benzol, toluol and xylol imports rose sharply to X tons in 2022, surging by X% on the year before. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2022. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the main importing country with an import of about X tons, which finished at X% of total imports. Brazil (X tons) held the second position in the ranking, distantly followed by Guatemala (X tons) and Chile (X tons). All these countries together took near X% share of total imports. The following importers - Uruguay (X tons) and Paraguay (X tons) - each recorded a X% share of total imports.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uruguay (X%), Brazil (X%), Guatemala (X%) and Chile (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Paraguay (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Guatemala (X p.p.), Chile (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico 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, Mexico ($X) constitutes the largest market for imported benzol (benzene), toluol (toluene) and xylol (xylenes) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Guatemala, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Guatemala (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uruguay ($X per ton) and Guatemala ($X per ton), while Mexico ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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