Global P-Xylene Market 2024

P-Xylene Market Size

In 2022, the global p-xylene market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

P-Xylene Production

In value terms, p-xylene production contracted to $X in 2022 estimated in export price. In general, production, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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P-Xylene Exports

Exports

In 2022, approx. X tons of p-xylene were exported worldwide; with a decrease of X% compared with the previous year's figure. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, p-xylene exports rose remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea was the key exporting country with an export of about X tons, which finished at X% of total exports. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brunei Darussalam (X%), Taiwan (Chinese) (X%), India (X%), Singapore (X%), the United States (X%), Kuwait (X%) and Saudi Arabia (X%).

From 2012 to 2022, average annual rates of growth with regard to p-xylene exports from South Korea stood at X%. At the same time, Saudi Arabia (X%), Taiwan (Chinese) (X%), India (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Kuwait and Brunei Darussalam experienced a relatively flat trend pattern. By contrast, Japan (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Brunei Darussalam (X p.p.), Saudi Arabia (X p.p.), Taiwan (Chinese) (X p.p.) and India (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest p-xylene supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with an X% share of global exports. It was followed by Brunei Darussalam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

The average p-xylene export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

P-Xylene Imports

Imports

For the fourth consecutive year, the global market recorded decline in overseas purchases of p-xylene, which decreased by X% to X tons in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of global imports failed to regain momentum.

In value terms, p-xylene imports expanded rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of global imports remained at a lower figure.

Imports by Country

China was the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Taiwan (Chinese) (X tons) and the United States (X tons), together comprising a X% share of total imports. The following importers - India (X tons), Indonesia (X tons), Portugal (X tons) and Pakistan (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, the United States (X%), Portugal (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. India and Pakistan experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and the United States increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported p-xylene worldwide, comprising X% of global imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of global imports. It was followed by the United States, with a X% share.

In China, p-xylene imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average p-xylene import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per ton) and Portugal ($X per ton), while Taiwan (Chinese) ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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