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

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

In 2021, after two years of decline, there was significant growth in the Finnish benzol, toluol and xylol market, when its value increased by 577% to $X. In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in Finland

In value terms, benzol, toluol and xylol production soared to $X in 2021 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 470%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

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

Exports from Finland

In 2021, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported from Finland skyrocketed to X tons, increasing by 40% against the previous year's figure. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, benzol, toluol and xylol exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a pronounced reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for benzol, toluol and xylol exports from Finland, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +6.8%.

In value terms, Belgium ($X) also remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Finland.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +9.4%.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, growing by 26% against the previous year. Overall, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to +2.4% per year.

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

Imports into Finland

In 2021, supplies from abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 349% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 287% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of benzol, toluol and xylol to Finland, with a 81% share of total imports. Moreover, benzol, toluol and xylol imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.1% per year) and the Netherlands (-21.5% per year).

In value terms, Germany ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Finland, comprising 81% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-17.6% per year) and the Netherlands (-25.5% per year).

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2021, shrinking by -26.2% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 80% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Poland ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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