China: M-Xylene And Xylenes Market 2025

M-Xylene And Xylenes Market Size in China

The Chinese m-xylene and xylenes market stood at $X in 2022, remaining constant against the previous year. Overall, consumption, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 when the market value increased by 3.3%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

M-Xylene And Xylenes Production in China

In value terms, m-xylene and xylenes production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 17%. X-xylene and xylenes production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

M-Xylene And Xylenes Exports

Exports from China

In 2022, overseas shipments of m-xylene and mixed xylene isomers increased by 27% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 295% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, m-xylene and xylenes exports reduced modestly to $X in 2022. Overall, exports, however, faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 417%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for m-xylene and xylenes exports from China, with a 24% share of total exports. Moreover, m-xylene and xylenes exports to Singapore exceeded the volume sent to the second major destination, Ecuador (X tons), tenfold. Costa Rica (X tons) ranked third in terms of total exports with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at +852.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (0.0% per year) and Costa Rica (0.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for m-xylene and mixed xylene isomers exports from China, comprising 46% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 2% share of total exports. It was followed by Costa Rica, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +571.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (0.0% per year) and Costa Rica (0.0% per year).

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, dropping by -25% against the previous year. In general, the export price, however, posted a measured increase. The growth pace was the most rapid in 2021 when the average export price increased by 152%. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.9%), while the prices for the other major destinations experienced a decline.

M-Xylene And Xylenes Imports

Imports into China

In 2022, approx. X tons of m-xylene and mixed xylene isomers were imported into China; shrinking by -15.3% against 2021. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 399%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes imports contracted modestly to $X in 2022. In general, imports, however, showed a temperate increase. The growth pace was the most rapid in 2018 with an increase of 409%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest m-xylene and xylenes supplier to China, with a 57% share of total imports. Moreover, m-xylene and xylenes imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.8% per year) and Italy (-77.6% per year).

In value terms, Japan ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to China, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.8% per year) and Italy (-73.1% per year).

Import Prices by Country

The average m-xylene and xylenes import price stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2013 an increase of 137% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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