Germany: Benzene Market 2024

Benzene Market Size in Germany

The German benzene market fell notably to $X in 2022, which is down by -17% against the previous year. Over the period under review, consumption recorded a pronounced contraction. Benzene consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Benzene Production in Germany

In value terms, benzene production plummeted to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 69% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Benzene Exports

Exports from Germany

In 2022, shipments abroad of benzene increased by 11% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzene exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for benzene exports from Germany, with a 57% share of total exports. Moreover, benzene exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by France (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.9% per year) and France (+152.4% per year).

In value terms, Belgium ($X) remains the key foreign market for benzene exports from Germany, comprising 55% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 26% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.5% per year) and France (+144.1% per year).

Export Prices by Country

The average benzene export price stood at $X per ton in 2022, with an increase of 22% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and France ($X per ton), while the average price for exports to Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Benzene Imports

Imports into Germany

In 2022, benzene imports into Germany contracted to X tons, with a decrease of -6.6% on 2021 figures. In general, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, benzene imports stood at $X in 2022. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 106%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Hungary (X tons) and Slovakia (X tons) were the main suppliers of benzene imports to Germany, together comprising 64% of total imports. The Netherlands, Belgium, Serbia, India and the Czech Republic lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +236.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Belgium ($X) appeared to be the largest benzene suppliers to Germany, with a combined 63% share of total imports. The Netherlands, Slovakia, India, Serbia and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, India, with a CAGR of +182.9%, 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 average benzene import price amounted to $X per ton, increasing by 7.2% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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