Report Update Nov 1, 2024

India - Benzene - Market Analysis, Forecast, Size, Trends and Insights

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India: Benzene Market 2024

Benzene Market Size in India

In 2022, after three years of decline, there was growth in the Indian benzene market, when its value increased by 1% to $X. Overall, consumption, however, recorded a mild contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Benzene Production in India

In value terms, benzene production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild curtailment. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Benzene production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Benzene Exports

Exports from India

In 2022, approx. X tons of benzene were exported from India; shrinking by -13.5% compared with the previous year's figure. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, benzene exports declined to $X in 2022. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 132%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for benzene exports from India, accounting for a 62% share of total exports. Moreover, benzene exports to Saudi Arabia exceeded the volume sent to the second major destination, Belgium (X tons), sixfold. The third position in this ranking was taken by Kuwait (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+8.3% per year) and Kuwait (+50.1% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for benzene exports from India, comprising 62% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Kuwait, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.9% per year) and Kuwait (+46.6% per year).

Export Prices by Country

The average benzene export price stood at $X per ton in 2022, growing by 14% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the average price for exports to the United States ($X per ton) and China ($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 Netherlands (+0.2%), while the prices for the other major destinations experienced a decline.

Benzene Imports

Imports into India

In 2022, approx. X tons of benzene were imported into India; waning by -41.4% compared with the previous year. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 34,719% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, benzene imports fell remarkably to $X in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 18,258% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Greece (X tons) and Malaysia (X tons) were the main suppliers of benzene imports to India.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of 0.0%).

In value terms, the largest benzene suppliers to India were Greece ($X) and Malaysia ($X).

In terms of the main suppliers, Malaysia, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average benzene import price stood at $X per ton in 2022, picking up by 26% against the previous year. In general, the import price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2015 an increase of 101%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Greece stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+47.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 39% of global consumption.

What are the largest producers of benzene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 37% of global production.

What are the leading suppliers of benzene to India?

In value terms, the largest benzene suppliers to India were the Netherlands, Saudi Arabia and Iran, together comprising 100% of total imports.

What are the leading importers of benzene from India?

In value terms, Saudi Arabia remains the key foreign market for benzene exports from India, comprising 45% of total exports. The second position in the ranking was occupied by Belgium, with a 10% share of total exports. It was followed by China, with a 10% share.

What is the average export price for benzene in India?

In 2021, the average benzene export price amounted to $930 per ton, picking up by 62% against the previous year.

What is the average import price for benzene in India?

The average benzene import price stood at $732 per ton in 2021, with an increase of 49% against the previous year.

This report provides an in-depth analysis of the benzene market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141223 - Benzene

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023