Philippines - Benzol (Benzene), Toluol (Toluene) and Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024
Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the Philippines
The Philippine benzol, toluol and xylol market reduced dramatically to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a deep reduction. Benzol, toluol and xylol consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the Philippines
In value terms, benzol, toluol and xylol production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Benzol, toluol and xylol production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.
Exports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)
Exports from the Philippines
In 2022, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported from the Philippines rose significantly to X tons, increasing by X% on 2021 figures. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
In value terms, benzol, toluol and xylol exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
China (X tons) was the main destination for benzol, toluol and xylol exports from the Philippines, with a X% share of total exports. Moreover, benzol, toluol and xylol exports to China exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold.
From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).
In value terms, China ($X) remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.
From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).
Export Prices by Country
The average benzol, toluol and xylol export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.
Imports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)
Imports into the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of benzol (benzene), toluol (toluene) and xylol (xylenes), when their volume decreased by X% to X tons. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of X,519% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted significantly in the following year.
In value terms, benzol, toluol and xylol imports dropped markedly to $X in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2019 with an increase of X,812% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped remarkably in the following year.
Imports by Country
In 2022, Saudi Arabia (X tons) constituted the largest benzol, toluol and xylol supplier to the Philippines, accounting for a X% share of total imports. Moreover, benzol, toluol and xylol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.
From 2013 to 2022, the average annual growth rate of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United Arab Emirates (X% per year).
In value terms, Saudi Arabia ($X), South Korea ($X) and the United Arab Emirates ($X) constituted the largest benzol, toluol and xylol suppliers to the Philippines, together accounting for X% of total imports.
South Korea, with a CAGR of X%, recorded 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. Over the period under review, the import price, however, recorded a deep contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iraq ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.
From 2013 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) :
This report provides an in-depth analysis of the market for benzol, toluol and xylol in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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