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

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

The CIS benzol, toluol and xylol market surged to $X in 2021, jumping by 24% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, benzol, toluol and xylol production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports in CIS

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported in the CIS; falling by -15.4% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2020 with an increase of 53%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports expanded significantly to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.8% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, reaching X tons, which was approx. 95% of total exports in 2021. It was distantly followed by Kazakhstan (X tons), achieving a 4.9% share of total exports.

Russia was also the fastest-growing in terms of the benzol (benzene), toluol (toluene) and xylol (xylenes) exports, with a CAGR of +4.5% from 2012 to 2021. At the same time, Kazakhstan (+2.4%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest benzol, toluol and xylol supplier in the CIS, comprising 96% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +2.5%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, surging by 26% against the previous year. Overall, the export price, however, saw a mild shrinkage. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.9%).

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

Imports in CIS

Benzol, toluol and xylol imports surged to X tons in 2021, with an increase of 198% against the year before. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzol, toluol and xylol imports soared to $X in 2021. In general, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Belarus (X tons) prevails in imports structure, together creating 89% of total imports. It was distantly followed by Kazakhstan (X tons), constituting a 5.4% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2021, with a combined 95% share of total imports.

Belarus, with a CAGR of +40.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, waning by -19.9% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 8.8%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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