Report Update Nov 1, 2024

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

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CIS: Toluene Market 2024

Toluene Market Size in CIS

In 2021, after four years of growth, there was decline in the CIS toluene market, when its value decreased by -0.4% to $X. Over the period under review, consumption showed a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Toluene Production in CIS

In value terms, toluene production amounted to $X in 2021 estimated in export price. In general, production recorded a deep contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 32%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Toluene Exports

Exports in CIS

After four years of decline, shipments abroad of toluene increased by 22% to X tons in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,621% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, toluene exports soared to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,139% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of toluene, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the toluene exports, with a CAGR of +69.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest toluene supplier in the CIS.

In Russia, toluene exports increased at an average annual rate of +65.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 77% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -2.6% per year.

Toluene Imports

Imports in CIS

In 2021, the amount of toluene imported in the CIS soared to X tons, jumping by 28% compared with the previous year. Overall, imports saw prominent growth. The growth pace was the most rapid in 2017 when imports increased by 46% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, toluene imports soared to $X in 2021. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 59% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belarus represented the key importer of toluene in the CIS, with the volume of imports resulting at X tons, which was approx. 65% of total imports in 2021. Azerbaijan (X tons) ranks second in terms of the total imports with a 20% share, followed by Russia (12%).

From 2012 to 2021, average annual rates of growth with regard to toluene imports into Belarus stood at +8.1%. At the same time, Russia (+119.9%) and Azerbaijan (+29.8%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +119.9% from 2012-2021. From 2012 to 2021, the share of Azerbaijan and Russia increased by +20 and +12 percentage points, respectively.

In value terms, Belarus ($X) constitutes the largest market for imported toluene in the CIS, comprising 58% of total imports. The second position in the ranking was taken by Russia ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belarus was relatively modest. In the other countries, the average annual rates were as follows: Russia (+83.6% per year) and Azerbaijan (+22.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 2.6% against the previous year. In general, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 8.9%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (-5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for toluene in the CIS?

The country with the largest volume of toluene consumption was Russia, accounting for 76% of total volume. Moreover, toluene consumption in Russia exceeded the figures recorded by the second-largest consumer, Kazakhstan, sixfold. Tajikistan ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of toluene in the CIS?

Russia remains the largest toluene producing country in the CIS, comprising approx. 78% of total volume. Moreover, toluene production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, sixfold. Tajikistan ranked third in terms of total production with a 3.4% share.

What are the leading importers of toluene in the CIS?

In value terms, Belarus constitutes the largest market for imported toluene in the CIS, comprising 62% of total imports. The second position in the ranking was occupied by Russia, with a 19% share of total imports.

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

The export price in the CIS stood at $1,397 per ton in 2021, increasing by 76% against the previous year.

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

In 2021, the i in the CIS amounted to $703 per ton, rising by 1.9% against the previous year.

This report provides an in-depth analysis of the toluene 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 20141225 - Toluene

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