U.S.: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the U.S.

For the third consecutive year, the U.S. benzol, toluol and xylol market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the U.S.

In value terms, benzol, toluol and xylol production rose remarkably to $X in 2022. Overall, production recorded a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level 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 the U.S.

In 2022, after two years of decline, there was growth in overseas shipments of benzol (benzene), toluol (toluene) and xylol (xylenes), when their volume increased by X% to X tons. Overall, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, benzol, toluol and xylol exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

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

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

In value terms, Mexico ($X), Canada ($X) and the Netherlands ($X) constituted the largest markets for benzol, toluol and xylol exported from the United States worldwide, together comprising X% of total exports. Costa Rica, Peru, Guatemala, France, South Korea, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average benzol, toluol and xylol export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Mexico ($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 Costa Rica (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 the U.S.

In 2022, supplies from abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest benzol, toluol and xylol supplier to the United States, with a X% share of total imports. Moreover, benzol, toluol and xylol imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to the United States, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Canada ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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