Belgium: P-Xylene Market 2024

P-Xylene Market Size in Belgium

The Belgian p-xylene market fell to $X in 2021, declining by -12.5% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

P-Xylene Production in Belgium

In value terms, p-xylene production rose markedly to $X in 2021 estimated in export price. Overall, production, however, showed prominent growth. P-xylene production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

P-Xylene Exports

Exports from Belgium

P-xylene exports from Belgium skyrocketed to X tons in 2021, rising by 213% on the previous year. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 668% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, p-xylene exports soared to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 802% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Portugal (X tons) were the main destinations of p-xylene exports from Belgium, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +295.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for p-xylene exported from Belgium were the United States ($X), the Netherlands ($X) and Portugal ($X), with a combined 89% share of total exports.

Portugal, with a CAGR of +352.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 p-xylene export price amounted to $X per ton, which is down by -28.5% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to the Netherlands ($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 Portugal (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

P-Xylene Imports

Imports into Belgium

In 2021, p-xylene imports into Belgium amounted to X tons, surging by 3.9% compared with 2020. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, p-xylene imports skyrocketed to $X in 2021. In general, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2017 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of p-xylene imports to Belgium, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Russia ($X) appeared to be the largest p-xylene suppliers to Belgium, together comprising 93% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average p-xylene import price stood at $X per ton in 2021, increasing by 26% against the previous year. In general, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and the Netherlands ($X per ton), while the price for Russia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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