Report Update Nov 1, 2024

Kuwait - Benzol (Benzene), Toluol (Toluene) and Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Kuwaiti benzol, toluol and xylol market stood at $X in 2021, increasing by 14% against the previous year. In general, consumption, however, recorded a slight setback. Benzol, toluol and xylol consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

In value terms, benzol, toluol and xylol production surged to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. Benzol, toluol and xylol production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

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

Exports from Kuwait

Benzol, toluol and xylol exports from Kuwait surged to X tons in 2021, increasing by 238% against 2020 figures. Overall, exports enjoyed a significant expansion. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, benzol, toluol and xylol exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 72%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for benzol, toluol and xylol exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +24.1%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +34.0%.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, reducing by -59.2% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 291%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +8.0% per year.

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

Imports into Kuwait

In 2021, purchases abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by 109% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 237%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 495% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), South Korea (X tons) and the United Arab Emirates (X tons) were the main suppliers of benzol, toluol and xylol imports to Kuwait, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +17.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Kuwait, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by South Korea, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.0% per year) and South Korea (+11.6% per year).

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, rising by 74% against the previous year. In general, the import price showed resilient growth. The growth pace was the most rapid in 2018 an increase of 77%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

China remains the largest benzol, toluol and xylol consuming country worldwide, comprising approx. 22% of total volume. Moreover, benzol, toluol and xylol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.6% share.

What are the largest producers of benzol (benzene), toluol (toluene) and xylol (xylenes) in the world?

The countries with the highest volumes of benzol, toluol and xylol production in 2020 were China, the United States and Japan, with a combined 37% share of global production.

What are the leading suppliers of benzol (benzene), toluol (toluene) and xylol (xylenes) to Kuwait?

In value terms, South Korea constituted the largest supplier of benzol, toluol and xylol to Kuwait, comprising 91% of total imports. The second position in the ranking was occupied by Greece, with a 4.5% share of total imports.

What are the leading importers of benzol (benzene), toluol (toluene) and xylol (xylenes) from Kuwait?

In value terms, Saudi Arabia remains the key foreign market for benzol, toluol and xylol exports from Kuwait.

What is the average export price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Kuwait?

The average benzol, toluol and xylol export price stood at $485 per ton in 2020, picking up by 8.6% against the previous year.

What is the average import price for benzol (benzene), toluol (toluene) and xylol (xylenes) in Kuwait?

In 2020, the average benzol, toluol and xylol import price amounted to $1,096 per ton, falling by -10.3% against the previous year.

This report provides an in-depth analysis of the market for benzol, toluol and xylol in Kuwait. 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 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)

Country coverage:

Kuwait

Data coverage:

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

Reasons to buy this report:

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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
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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