France: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in France

The French m-xylene and xylenes market declined to $X in 2022, with a decrease of -6.6% against the previous year. In general, consumption faced a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

M-Xylene And Xylenes Production in France

In value terms, m-xylene and xylenes production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 52%. X-xylene and xylenes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

M-Xylene And Xylenes Exports

Exports from France

In 2022, shipments abroad of m-xylene and mixed xylene isomers increased by 65% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, m-xylene and xylenes exports surged to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of m-xylene and xylenes exports from France, with a combined 89% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for m-xylene and mixed xylene isomers exports from France, comprising 52% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 22% share of total exports. It was followed by Italy, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+9.4% per year) and Italy (-8.5% per year).

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, which is down by -19.2% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 18%. The export price 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.4%), while the prices for the other major destinations experienced a decline.

M-Xylene And Xylenes Imports

Imports into France

In 2022, supplies from abroad of m-xylene and mixed xylene isomers decreased by -32.4% to X tons, falling for the fourth year in a row after three years of growth. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when imports increased by 128%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, m-xylene and xylenes imports expanded significantly to $X in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 120%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of m-xylene and xylenes to France, with a 71% share of total imports. Moreover, m-xylene and xylenes imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.9% per year) and Italy (+24.8% per year).

In value terms, Spain ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to France, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.2% per year) and Italy (+22.7% per year).

Import Prices by Country

In 2022, the average m-xylene and xylenes import price amounted to $X per ton, picking up by 68% against the previous year. Overall, the import price continues to indicate a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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