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

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

The Austrian benzol, toluol and xylol market reduced markedly to $X in 2021, which is down by -88% against the previous year. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, benzol, toluol and xylol production soared to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

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

Exports from Austria

In 2021, exports of benzol (benzene), toluol (toluene) and xylol (xylenes) from Austria skyrocketed to X tons, with an increase of 100% on the previous year's figure. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, benzol, toluol and xylol exports surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for benzol, toluol and xylol exports from Austria, with a 98% share of total exports. It was followed by the Czech Republic (X tons), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +1.9%.

In value terms, Germany ($X) remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Austria, comprising 99% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 38%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.8%).

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

Imports into Austria

For the fifth consecutive year, Austria recorded decline in purchases abroad of benzol (benzene), toluol (toluene) and xylol (xylenes), which decreased by -7.5% to X tons in 2021. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 13%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports soared to $X in 2021. Overall, imports recorded a abrupt downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Slovakia (X tons) and Hungary (X tons) were the main suppliers of benzol, toluol and xylol imports to Austria, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +10.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Slovakia ($X) and the Netherlands ($X) constituted the largest benzol, toluol and xylol suppliers to Austria, with a combined 85% share of total imports. These countries were followed by Hungary, France and Poland, which together accounted for a further 14%.

In terms of the main suppliers, Hungary, with a CAGR of +3.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2021, increasing by 31% against the previous year. Overall, the import price, however, saw a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+18.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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