EU: O-Xylene Market 2024

O-Xylene Market Size in the EU

The EU o-xylene market skyrocketed to $X in 2022, increasing by 20% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

O-Xylene Production in the EU

In value terms, o-xylene production declined to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 11%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

O-Xylene Exports

Exports in the EU

O-xylene exports totaled X tons in 2022, therefore, remained relatively stable against 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, o-xylene exports skyrocketed to $X in 2022. In general, exports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 126%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the largest exporter of o-xylene in the European Union, with the volume of exports reaching X tons, which was approx. 42% of total exports in 2022. It was distantly followed by France (X tons), Germany (X tons), Hungary (X tons) and Spain (X tons), together creating a 55% share of total exports. Slovakia (X tons) held a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the o-xylene exports, with a CAGR of +2.7% from 2012 to 2022. At the same time, Hungary (+1.6%) displayed positive paces of growth. By contrast, Spain (-1.5%), Slovakia (-3.5%), Germany (-8.4%) and France (-45.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, the Netherlands and Hungary increased by +20, +13 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest o-xylene supplying countries in the European Union were the Netherlands ($X), France ($X) and Germany ($X), together comprising 76% of total exports. Hungary, Spain and Slovakia lagged somewhat behind, together comprising a further 23%.

Hungary, with a CAGR of +2.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by 42% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Hungary ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+53.4%), while the other leaders experienced more modest paces of growth.

O-Xylene Imports

Imports in the EU

In 2022, approx. X tons of o-xylene were imported in the European Union; reducing by -5.2% on the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, o-xylene imports surged to $X in 2022. Over the period under review, imports, however, posted a mild increase. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany represented the major importing country with an import of about X tons, which amounted to 33% of total imports. Italy (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (17%), Belgium (16%), Austria (9.9%) and Sweden (5.1%). Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, together comprising 66% of total imports.

In terms of the main importing countries, Germany, with a CAGR of +4.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, jumping by 54% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Italy ($X per ton) and Belgium ($X per ton), while Bulgaria ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :