MERCOSUR: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in MERCOSUR

In 2022, the MERCOSUR m-xylene and xylenes market increased by 7.3% to $X, rising for the third consecutive year after seven years of decline. Over the period under review, consumption, however, showed a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

M-Xylene And Xylenes Production in MERCOSUR

In value terms, m-xylene and xylenes production reached $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The growth pace was the most rapid in 2014 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

M-Xylene And Xylenes Exports

Exports in MERCOSUR

In 2022, the amount of m-xylene and mixed xylene isomers exported in MERCOSUR fell remarkably to X tons, dropping by -54.4% on 2021. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 110% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, m-xylene and xylenes exports shrank notably to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 76% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons) represented the major exporter of m-xylene and mixed xylene isomers, creating 63% of total exports. It was distantly followed by Argentina (X tons), generating a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +7.0%).

In value terms, Colombia ($X) remains the largest m-xylene and xylenes supplier in MERCOSUR, comprising 67% of total exports. The second position in the ranking was held by Argentina ($X), with a 33% share of total exports.

In Colombia, m-xylene and xylenes exports decreased by an average annual rate of -11.5% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 55% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.4%).

M-Xylene And Xylenes Imports

Imports in MERCOSUR

In 2022, purchases abroad of m-xylene and mixed xylene isomers decreased by -29.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes imports fell sharply to $X in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Venezuela (X tons) was the major importer of m-xylene and mixed xylene isomers, creating 63% of total imports. Chile (X tons) ranks second in terms of the total imports with a 21% share, followed by Peru (6%) and Colombia (5.6%). Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to m-xylene and xylenes imports into Venezuela stood at +2.8%. At the same time, Colombia (+73.5%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +73.5% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Ecuador (-10.7%) and Peru (-16.9%) illustrated a downward trend over the same period. While the share of Venezuela (+25 p.p.), Colombia (+5.6 p.p.) and Chile (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ecuador (-5.7 p.p.) and Peru (-24.1 p.p.) displayed negative dynamics.

In value terms, the largest m-xylene and xylenes importing markets in MERCOSUR were Venezuela ($X), Chile ($X) and Colombia ($X), together accounting for 86% of total imports.

Colombia, with a CAGR of +68.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, waning by -2.4% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform