Germany: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Germany

The German m-xylene and xylenes market expanded rapidly to $X in 2022, increasing by 8.3% against the previous year. Overall, consumption continues to indicate modest growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

M-Xylene And Xylenes Production in Germany

In value terms, m-xylene and xylenes production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 9.9% against the previous year. X-xylene and xylenes production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

M-Xylene And Xylenes Exports

Exports from Germany

M-xylene and xylenes exports from Germany declined dramatically to X tons in 2022, reducing by -79.7% on the previous year. Overall, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 41%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, m-xylene and xylenes exports declined rapidly to $X in 2022. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2013 when exports increased by 37%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Belgium (X tons) and Finland (X tons) were the main destinations of m-xylene and xylenes exports from Germany, with a combined 64% share of total exports. Cuba, Austria, Poland, France, the United Arab Emirates, the Netherlands and the UK lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +67.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Finland ($X) and Austria ($X) were the largest markets for m-xylene and xylenes exported from Germany worldwide, together comprising 32% of total exports. Cuba, Switzerland, the Netherlands, Poland, France, the UK and the United Arab Emirates lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Cuba, with a CAGR of +87.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average m-xylene and xylenes export price amounted to $X per ton, rising by 140% against the previous year. Over the period under review, the export price showed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Switzerland ($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 the Netherlands (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

M-Xylene And Xylenes Imports

Imports into Germany

In 2022, purchases abroad of m-xylene and mixed xylene isomers increased by 41% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 122% against the previous year. 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 skyrocketed to $X in 2022. Over the period under review, imports posted a temperate increase. The pace of growth appeared the most rapid in 2013 with an increase of 124%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Slovakia (X tons) were the main suppliers of m-xylene and xylenes imports to Germany, together accounting for 96% of total imports. These countries were followed by Poland, which accounted for a further 2.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +136.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to Germany, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by Slovakia, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-12.2% per year) and Slovakia (-10.9% per year).

Import Prices by Country

The average m-xylene and xylenes import price stood at $X per ton in 2022, rising by 48% against the previous year. In general, the import price, however, recorded a mild curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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