France: Toluene Market 2024

Toluene Market Size in France

In 2021, after two years of decline, there was significant growth in the French toluene market, when its value increased by 7% to $X. Over the period under review, consumption saw a noticeable descent. 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 France

In value terms, toluene production rose sharply to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49% against the previous year. Toluene production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Toluene Exports

Exports from France

In 2021, shipments abroad of toluene decreased by -12.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, toluene exports contracted to $X in 2021. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main destinations of toluene exports from France, with a combined 76% share of total exports. These countries were followed by Belgium, Germany, Portugal, Italy and Hungary, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +55.4%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Switzerland ($X) constituted the largest markets for toluene exported from France worldwide, together accounting for 70% of total exports. These countries were followed by Belgium, Germany, Italy, Portugal and Hungary, which together accounted for a further 23%.

Among the main countries of destination, Portugal, with a CAGR of +53.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, increasing by 7.9% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.2%), while the prices for the other major destinations experienced a decline.

Toluene Imports

Imports into France

In 2021, supplies from abroad of toluene decreased by -7.7% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 59% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, toluene imports rose significantly to $X in 2021. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 50%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Portugal (X tons) and Belgium (X tons) were the main suppliers of toluene imports to France, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +11.2%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), Portugal ($X) and Belgium ($X) constituted the largest toluene suppliers to France, together comprising 80% of total imports.

Germany, with a CAGR of +6.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average toluene import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Germany ($X per ton), while the price for Portugal ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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