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

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

In 2021, after six years of decline, there was significant growth in the Argentinian benzol, toluol and xylol market, when its value increased by 17% to $X. Over the period under review, consumption, however, saw a drastic downturn. Benzol, toluol and xylol consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, benzol, toluol and xylol production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 24%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

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

Exports from Argentina

In 2021, shipments abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by 21% to X tons, rising for the second consecutive year after four years of decline. In general, exports showed a noticeable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 158% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, benzol, toluol and xylol exports skyrocketed to $X in 2021. Overall, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2013 with an increase of 165%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Chile (X tons) and the United States (X tons) were the main destinations of benzol, toluol and xylol exports from Argentina, together comprising 60% of total exports. Brazil, Germany, Belgium and Paraguay lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +20.6%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and the Netherlands ($X) were the largest markets for benzol, toluol and xylol exported from Argentina worldwide, with a combined 60% share of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +18.0%, recorded the highest growth rate of 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 2021, the average benzol, toluol and xylol export price amounted to $X per ton, picking up by 36% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Argentina

In 2021, overseas purchases of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -7.3% to X tons, falling for the second year in a row after four years of growth. In general, imports continue to indicate a significant contraction. The growth pace was the most rapid in 2019 when imports increased by 1,776% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, benzol, toluol and xylol imports contracted to $X in 2021. Overall, imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2019 when imports increased by 1,660%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main benzol, toluol and xylol supplier to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -38.5%.

In value terms, the United States ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Argentina.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -41.7%.

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, dropping by -8.2% against the previous year. In general, the import price saw a perceptible contraction. The growth pace was the most rapid in 2020 an increase of 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +93.0% per year.

Source: IndexBox Platform

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