EU: Toluene Market 2024

Toluene Market Size in the EU

In 2021, the EU toluene market decreased by -5.9% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a pronounced decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Toluene Production in the EU

In value terms, toluene production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Toluene Exports

Exports in the EU

In 2021, approx. X tons of toluene were exported in the European Union; falling by -14.4% compared with 2020. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, toluene exports skyrocketed to $X in 2021. In general, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) and Germany (X tons) represented roughly 51% of total exports in 2021. It was distantly followed by the Netherlands (X tons), Italy (X tons), Spain (X tons), Slovakia (X tons) and Portugal (X tons), together mixing up a 44% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest toluene supplying countries in the European Union were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined 66% share of total exports. These countries were followed by Italy, Spain, Slovakia and Portugal, which together accounted for a further 28%.

In terms of the main exporting countries, Italy, with a CAGR of +12.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 45% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Slovakia ($X per ton) and Spain ($X per ton), while Portugal ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-5.2%), while the other leaders experienced a decline in the export price figures.

Toluene Imports

Imports in the EU

In 2021, the amount of toluene imported in the European Union shrank dramatically to X tons, waning by -19% against the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, toluene imports surged to $X in 2021. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 24%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), Estonia (X tons) and Hungary (X tons) were the major importers of toluene, together mixing up 77% of total imports. The following importers - Poland (X tons), France (X tons), Spain (X tons) and Italy (X tons) - together made up 13% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest toluene importing markets in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), together accounting for 58% of total imports. These countries were followed by Hungary, Estonia, Poland, Spain, France and Italy, which together accounted for a further 30%.

Hungary, with a CAGR of +6.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 51% against the previous year. In general, the import price, however, showed a deep slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hungary ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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