Czech Republic: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in the Czech Republic

In 2022, the Czech m-xylene and xylenes market increased by 32% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a abrupt slump. X-xylene and xylenes consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

M-Xylene And Xylenes Exports

Exports from the Czech Republic

In 2022, the amount of m-xylene and mixed xylene isomers exported from the Czech Republic skyrocketed to X tons, rising by 45% against the previous year. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 163% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, m-xylene and xylenes exports surged to $X in 2022. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for m-xylene and xylenes exports from the Czech Republic, with a 50% share of total exports. Moreover, m-xylene and xylenes exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was taken by Romania (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +105.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+11.5% per year) and Romania (-9.0% per year).

In value terms, Germany ($X) remains the key foreign market for m-xylene and mixed xylene isomers exports from the Czech Republic, comprising 49% of total exports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total exports. It was followed by Romania, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +97.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+8.4% per year) and Romania (-6.7% per year).

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, shrinking by -19.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 110% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Croatia ($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 Slovakia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

M-Xylene And Xylenes Imports

Imports into the Czech Republic

In 2022, overseas purchases of m-xylene and mixed xylene isomers increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, m-xylene and xylenes imports skyrocketed to $X in 2022. Overall, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovakia (X tons) and Belgium (X tons) were the main suppliers of m-xylene and xylenes imports to the Czech Republic, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +232.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest m-xylene and xylenes suppliers to the Czech Republic were Germany ($X), Slovakia ($X) and Switzerland ($X), together accounting for 91% of total imports. Belgium lagged somewhat behind, accounting for a further 8.5%.

Belgium, with a CAGR of +136.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average m-xylene and xylenes import price stood at $X per ton in 2022, growing by 32% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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