India: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in India

In 2021, the Indian benzol, toluol and xylol market increased by 0.7% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in India

In value terms, benzol, toluol and xylol production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by 53% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Exports from India

In 2021, overseas shipments of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -13.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 567% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports expanded rapidly to $X in 2021. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 636% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt (X tons), Kenya (X tons) and China (X tons) were the main destinations of benzol, toluol and xylol exports from India, with a combined 56% share of total exports. These countries were followed by Sri Lanka, Qatar, Taiwan (Chinese), Tanzania and Uganda, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Uganda (with a CAGR of +106.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for benzol, toluol and xylol exported from India were Kenya ($X), Egypt ($X) and Sri Lanka ($X), together accounting for 55% of total exports. These countries were followed by China, Qatar, Tanzania, Uganda and Taiwan (Chinese), which together accounted for a further 34%.

Among the main countries of destination, Uganda, with a CAGR of +106.0%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, with an increase of 33% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Qatar ($X per ton), while the average price for exports to China ($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 Qatar (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes)

Imports into India

In 2021, imports of benzol (benzene), toluol (toluene) and xylol (xylenes) into India declined significantly to X tons, shrinking by -41.9% compared with the previous year's figure. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 77% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, benzol, toluol and xylol imports dropped markedly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 74% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Iran (X tons) and Thailand (X tons) were the main suppliers of benzol, toluol and xylol imports to India, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +33.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Thailand ($X) and Iran ($X) were the largest benzol, toluol and xylol suppliers to India, together accounting for 80% of total imports.

In terms of the main suppliers, Iran, with a CAGR of +30.9%, saw the highest growth rate of 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

The average benzol, toluol and xylol import price stood at $X per ton in 2021, rising by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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