CIS: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in CIS

The CIS m-xylene and xylenes market shrank slightly to $X in 2022, falling by -1.8% against the previous year. In general, consumption continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 5.1% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

M-Xylene And Xylenes Production in CIS

In value terms, m-xylene and xylenes production declined modestly to $X in 2022 estimated in export price. In general, production faced a deep setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 4.9%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

M-Xylene And Xylenes Exports

Exports in CIS

M-xylene and xylenes exports dropped modestly to X tons in 2022, therefore, remained relatively stable against 2021 figures. In general, exports showed a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 273%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes exports declined remarkably to $X in 2022. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 295% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the main exporting country with an export of around X tons, which reached 61% of total exports. It was distantly followed by Armenia (X tons) and Belarus (X tons), together comprising a 39% share of total exports.

Exports from Russia decreased at an average annual rate of -6.9% from 2012 to 2022. At the same time, Belarus (+70.4%) and Armenia (+7.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +70.4% from 2012-2022. From 2012 to 2022, the share of Armenia and Belarus increased by +19 and +19 percentage points, respectively.

In value terms, Russia ($X) remains the largest m-xylene and xylenes supplier in the CIS, comprising 86% of total exports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at -16.6%. In the other countries, the average annual rates were as follows: Belarus (+56.4% per year) and Armenia (-47.8% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, shrinking by -27.2% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by 55%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-8.2%), while the other leaders experienced a decline in the export price figures.

M-Xylene And Xylenes Imports

Imports in CIS

In 2022, overseas purchases of m-xylene and mixed xylene isomers increased by 179% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, m-xylene and xylenes imports soared to $X in 2022. Over the period under review, imports continue to indicate a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan prevails in imports structure, accounting for X tons, which was near 92% of total imports in 2022. The following importers - Russia (X tons) and Kazakhstan (X tons) - together made up 5.5% of total imports.

Uzbekistan was also the fastest-growing in terms of the m-xylene and mixed xylene isomers imports, with a CAGR of +17.8% from 2012 to 2022. At the same time, Kazakhstan (+8.9%) displayed positive paces of growth. By contrast, Russia (-22.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +92 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in the CIS, comprising 88% of total imports. The second position in the ranking was held by Russia ($X), with a 4.2% share of total imports.

In Uzbekistan, m-xylene and xylenes imports increased at an average annual rate of +22.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-26.0% per year) and Kazakhstan (+8.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by -3.3% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 34%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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