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

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

In 2022, the Spanish benzol, toluol and xylol market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, benzol, toluol and xylol production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Benzol, toluol and xylol production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Spain

In 2022, shipments abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed measured growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank sharply in the following year.

In value terms, benzol, toluol and xylol exports declined remarkably to $X in 2022. In general, exports, however, posted modest growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for benzol, toluol and xylol exports from Spain, accounting for a X% share of total exports. Moreover, benzol, toluol and xylol exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Italy (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average benzol, toluol and xylol export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2022, supplies from abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, benzol, toluol and xylol imports fell markedly to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of benzol, toluol and xylol imports to Spain, with a combined X% share of total imports.

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

In value terms, the largest benzol, toluol and xylol suppliers to Spain were France ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports.

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

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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