Brazil: P-Xylene Market 2024

P-Xylene Market Size in Brazil

After three years of growth, the Brazilian p-xylene market decreased by -4.2% to $X in 2021. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped modestly in the following year.

P-Xylene Production in Brazil

In value terms, p-xylene production fell to $X in 2021 estimated in export price. Over the period under review, production, however, posted a temperate increase. The growth pace was the most rapid in 2018 when the production volume increased by 144% against the previous year. P-xylene production peaked at $X in 2020, and then contracted modestly in the following year.

P-Xylene Exports

Exports from Brazil

In 2021, shipments abroad of p-xylene decreased by -57.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2018 when exports increased by 154%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, p-xylene exports fell remarkably to $X in 2021. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 207% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), China (X tons) and Mexico (X tons) were the main destinations of p-xylene exports from Brazil, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +3.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for p-xylene exported from Brazil were China ($X), the United States ($X) and Mexico ($X), with a combined 87% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +0.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average p-xylene export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and Mexico ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.3%), while the prices for the other major destinations experienced a decline.

P-Xylene Imports

Imports into Brazil

In 2021, supplies from abroad of p-xylene decreased by -0.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 881%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, p-xylene imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 386%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest p-xylene supplier to Brazil, with a 58% share of total imports. Moreover, p-xylene imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Saint Lucia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+86.9% per year) and Saint Lucia (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of p-xylene to Brazil, comprising 57% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by Saint Lucia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.7% per year) and Saint Lucia (0.0% per year).

Import Prices by Country

The average p-xylene import price stood at $X per ton in 2021, increasing by 28% against the previous year. In general, the import price, however, faced a drastic downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Saudi Arabia ($X per ton) and Saint Lucia ($X per ton), while the price for Kazakhstan ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+45.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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