Report Update Nov 1, 2024

CIS - Benzene - Market Analysis, Forecast, Size, Trends and Insights

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CIS: Benzene Market 2024

Benzene Market Size in CIS

The CIS benzene market reduced to $X in 2022, shrinking by -5.2% against the previous year. In general, consumption saw a slight decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Benzene Production in CIS

In value terms, benzene production reduced to $X in 2022 estimated in export price. Overall, production recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Benzene Exports

Exports in CIS

In 2022, shipments abroad of benzene decreased by -25.4% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 300% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, benzene exports reduced remarkably to $X in 2022. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2014 with an increase of 392%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus was the main exporter of benzene in the CIS, with the volume of exports reaching X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), achieving a 15% share of total exports.

Belarus was also the fastest-growing in terms of the benzene exports, with a CAGR of +31.9% from 2012 to 2022. At the same time, Kazakhstan (+24.6%) displayed positive paces of growth. From 2012 to 2022, the share of Belarus and Kazakhstan increased by +52 and +4.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest benzene supplier in the CIS, comprising 85% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total exports.

In Belarus, benzene exports increased at an average annual rate of +29.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, reducing by -19.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 103%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.3%).

Benzene Imports

Imports in CIS

Benzene imports shrank to X tons in 2022, declining by -8.2% against 2021 figures. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 460% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, benzene imports shrank dramatically to $X in 2022. In general, imports, however, showed temperate growth. The growth pace was the most rapid in 2021 with an increase of 427%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Russia dominates imports structure, recording X tons, which was near 91% of total imports in 2022. It was distantly followed by Belarus (X tons), comprising an 8.5% share of total imports.

Russia was also the fastest-growing in terms of the benzene imports, with a CAGR of +37.2% from 2012 to 2022. Belarus (-16.2%) illustrated a downward trend over the same period. While the share of Russia (+84 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (-84.3 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported benzene in the CIS, comprising 91% of total imports. The second position in the ranking was taken by Belarus ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +35.2%.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by -35.1% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 98% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzene in the CIS?

The country with the largest volume of benzene consumption was Russia, comprising approx. 60% of total volume. Moreover, benzene consumption in Russia exceeded the figures recorded by the second-largest consumer, Kazakhstan, threefold. Belarus ranked third in terms of total consumption with an 8.1% share.

What are the largest producers of benzene in the CIS?

Russia remains the largest benzene producing country in the CIS, comprising approx. 59% of total volume. Moreover, benzene production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. Belarus ranked third in terms of total production with an 8.3% share.

What are the leading exporters of benzene in the CIS?

In value terms, the largest benzene supplying countries in the CIS were Russia, Kazakhstan and Belarus.

What are the leading importers of benzene in the CIS?

In value terms, Russia constitutes the largest market for imported benzene in the CIS, comprising 97% of total imports. The second position in the ranking was occupied by Belarus, with a 3.4% share of total imports.

What is the average export price for benzene in the CIS?

In 2021, the export price in the CIS amounted to $582 per ton, which is down by -8.2% against the previous year.

What is the average import price for benzene in the CIS?

The import price in the CIS stood at $1,050 per ton in 2021, shrinking by -16.9% against the previous year.

This report provides an in-depth analysis of the benzene market in CIS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141223 - Benzene

Country coverage:

Armenia
Azerbaijan
Belarus
Kazakhstan
Kyrgyzstan
Moldova
Russia
Tajikistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in CIS, split by region and country
Trade (exports and imports) in CIS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Armenia
- Azerbaijan
- Belarus
- Kazakhstan
- Kyrgyzstan
- Moldova
- Russia
- Tajikistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023