Eastern Asia: O-Xylene Market 2025

O-Xylene Market Size in Eastern Asia

In 2022, after two years of growth, there was significant decline in the East Asian o-xylene market, when its value decreased by -23.4% to $X. In general, consumption recorded a abrupt curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

O-Xylene Production in Eastern Asia

In value terms, o-xylene production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4.8%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

O-Xylene Exports

Exports in Eastern Asia

In 2022, shipments abroad of o-xylene increased by 64% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt contraction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, o-xylene exports skyrocketed to $X in 2022. Overall, exports, however, recorded a deep slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea was the main exporter of o-xylene in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 55% of total exports in 2022. Japan (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (18%). China (X tons) held a little share of total exports.

South Korea experienced a relatively flat trend pattern with regard to volume of exports of o-xylene. Japan (-1.3%), China (-8.0%) and Taiwan (Chinese) (-19.4%) illustrated a downward trend over the same period. South Korea (+30 p.p.) and Japan (+13 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -43.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest o-xylene supplier in Eastern Asia, comprising 60% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

In South Korea, o-xylene exports contracted by an average annual rate of -3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-4.3% per year) and Taiwan (Chinese) (-24.9% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 33% against the previous year. In general, the export price, however, showed a noticeable reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-2.7%), while the other leaders experienced a decline in the export price figures.

O-Xylene Imports

Imports in Eastern Asia

In 2022, approx. X tons of o-xylene were imported in Eastern Asia; which is down by -42.6% against the previous year. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, o-xylene imports reduced remarkably to $X in 2022. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons) and China (X tons) dominates imports structure, together creating 96% of total imports. South Korea (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +41.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest o-xylene importing markets in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together comprising 100% of total imports.

Taiwan (Chinese), with a CAGR of +33.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 12% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by 38%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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