Australia and Oceania: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Australia and Oceania

In 2021, the benzol, toluol and xylol market in Australia and Oceania increased by 11% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a drastic downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Australia and Oceania

In value terms, benzol, toluol and xylol production surged to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

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

Exports in Australia and Oceania

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported in Australia and Oceania; surging by 89% compared with the year before. Overall, exports, however, recorded a mild setback. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports soared to $X in 2021. In general, exports, however, showed a pronounced decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) was the major exporter of benzol (benzene), toluol (toluene) and xylol (xylenes) in Australia and Oceania, achieving 99.9% of total export.

Australia was also the fastest-growing in terms of the benzol (benzene), toluol (toluene) and xylol (xylenes) exports, with a CAGR of -1.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest benzol, toluol and xylol supplier in Australia and Oceania.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -4.4%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, picking up by 103% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -3.1% per year.

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

Imports in Australia and Oceania

In 2021, supplies from abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports reached $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by 6.2% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Micronesia dominates imports structure, recording X tons, which was approx. 75% of total imports in 2021. Fiji (X tons) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (8.2%) and Australia (6.7%).

Imports into Micronesia decreased at an average annual rate of -9.5% from 2012 to 2021. At the same time, New Zealand (+23.4%) and Fiji (+4.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +23.4% from 2012-2021. By contrast, Australia (-33.8%) illustrated a downward trend over the same period. Micronesia (+36 p.p.), Fiji (+8.3 p.p.) and New Zealand (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -50.3% from 2012 to 2021, respectively.

In value terms, Micronesia ($X) constitutes the largest market for imported benzol (benzene), toluol (toluene) and xylol (xylenes) in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.6% share of total imports. It was followed by Fiji, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Micronesia stood at -3.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+16.9% per year) and Fiji (+9.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2017 when the import price increased by 18%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Zealand ($X per ton) and Micronesia ($X per ton), while Fiji ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Micronesia (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :