Czech Republic: Toluene Market 2024

Toluene Market Size in the Czech Republic

In 2021, the Czech toluene market increased by 1.4% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption posted resilient growth. Toluene consumption peaked in 2021 and is expected to retain growth in years to come.

Toluene Production in the Czech Republic

In value terms, toluene production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 3.3% against the previous year. Toluene production peaked at $X in 2020, and then reduced slightly in the following year.

Toluene Exports

Exports from the Czech Republic

In 2021, overseas shipments of toluene were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 142%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, toluene exports soared to $X in 2021. Overall, exports, however, saw a dramatic descent. The growth pace was the most rapid in 2016 with an increase of 98% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Romania (X tons) and Lithuania (X tons) were the main destinations of toluene exports from the Czech Republic, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of -10.3%), while the other leaders experienced a decline.

In value terms, the largest markets for toluene exported from the Czech Republic were Slovakia ($X), Romania ($X) and Lithuania ($X), with a combined 99% share of total exports.

Romania, with a CAGR of -14.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, surging by 41% against the previous year. In general, the export price, however, recorded a perceptible setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-3.8%), while the prices for the other major destinations experienced a decline.

Toluene Imports

Imports into the Czech Republic

In 2021, purchases abroad of toluene was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 545%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, toluene imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 647% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of toluene to the Czech Republic, with a 84% share of total imports. Moreover, toluene imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+28.0% per year) and the Netherlands (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of toluene to the Czech Republic, comprising 84% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+20.7% per year) and the Netherlands (-6.4% per year).

Import Prices by Country

The average toluene import price stood at $X per ton in 2021, surging by 53% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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