Report Update Nov 1, 2024

Ecuador - Benzol (Benzene), Toluol (Toluene) and Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Ecuador

In 2021, the Ecuadorian benzol, toluol and xylol market increased by 65% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Exports from Ecuador

After three years of decline, overseas shipments of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -20.5% to X tons in 2017. Overall, exports continue to indicate a dramatic downturn. The smallest decline of -15.2% was in 2014. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2017, the exports remained at a lower figure.

In value terms, benzol, toluol and xylol exports reduced rapidly to $X in 2017. In general, exports saw a deep reduction. The smallest decline of -8.1% was in 2014. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2017, the exports remained at a lower figure.

Exports by Country

Kenya (X tons) was the main destination for benzol, toluol and xylol exports from Ecuador, accounting for a 88% share of total exports. Moreover, benzol, toluol and xylol exports to Kenya exceeded the volume sent to the second major destination, Uganda (X tons), sevenfold.

From 2013 to 2017, the average annual rate of growth in terms of volume to Kenya amounted to -30.4%.

In value terms, Kenya ($X) remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Ecuador, comprising 85% of total exports. The second position in the ranking was taken by Uganda ($X), with a 15% share of total exports.

From 2013 to 2017, the average annual growth rate of value to Kenya amounted to -29.2%.

Export Prices by Country

The average benzol, toluol and xylol export price stood at $X per ton in 2017, surging by 4.4% against the previous year. Overall, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2014 an increase of 8.5% against the previous year. The export price peaked in 2017 and is likely to continue growth in years to come.

Average prices varied noticeably for the major export markets. In 2017, the country with the highest price was Uganda ($X per ton), while the average price for exports to Kenya totaled $X per ton.

From 2013 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+1.6%).

Imports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Imports into Ecuador

After two years of decline, overseas purchases of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by 66% to X tons in 2021. In general, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 105%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 96%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of benzol, toluol and xylol imports to Ecuador, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +97.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Belgium ($X) and the United States ($X) were the largest benzol, toluol and xylol suppliers to Ecuador, with a combined 62% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +71.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 13%. The import price peaked 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, the country with the highest price was Belgium ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

China constituted the country with the largest volume of benzol, toluol and xylol consumption, comprising approx. 22% of total volume. Moreover, benzol, toluol and xylol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.6% share.

What are the largest producers of benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

The countries with the highest volumes of benzol, toluol and xylol production in 2020 were China, the United States and Japan, with a combined 37% share of global production.

What are the leading suppliers of benzol (benzene), toluol (toluene) and xylol (xylenes) to Ecuador?

In value terms, the Netherlands constituted the largest supplier of benzol, toluol and xylol to Ecuador.

What are the leading importers of benzol (benzene), toluol (toluene) and xylol (xylenes) from Ecuador?

In value terms, Kenya remains the key foreign market for benzol, toluol and xylol exports from Ecuador, comprising 85% of total exports. The second position in the ranking was occupied by Uganda, with a 15% share of total exports.

What is the average export price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Ecuador?

The average benzol, toluol and xylol export price stood at $952 per ton in 2017, growing by 4.4% against the previous year.

What is the average import price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Ecuador?

The average benzol, toluol and xylol import price stood at $940 per ton in 2020, dropping by -3.9% against the previous year.

This report provides an in-depth analysis of the market for benzol, toluol and xylol in Ecuador. 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 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023