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

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

The New Zealand benzol, toluol and xylol market skyrocketed to $X in 2021, increasing by 194% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

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

Exports from New Zealand

In 2021, shipments abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -7.7% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 when exports increased by 231%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, benzol, toluol and xylol exports reduced to $X in 2021. Over the period under review, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2015 when exports increased by 100%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Tonga (X tons) and Fiji (X kg) were the main destinations of benzol, toluol and xylol exports from New Zealand, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tonga (with a CAGR of +31.7%), while the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X) remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from New Zealand, comprising 83% of total exports. The second position in the ranking was held by Fiji ($X), with an 8.3% share of total exports. It was followed by Tonga, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-14.9% per year) and Tonga (-4.1% per year).

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, with an increase of 7.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 218% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Tonga ($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 Pakistan (+8.9%), while the prices for the other major destinations experienced a decline.

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

Imports into New Zealand

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were imported into New Zealand; picking up by 142% compared with 2020. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 291% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports surged to $X in 2021. Over the period under review, imports recorded a strong expansion. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of benzol, toluol and xylol to New Zealand, accounting for a 22% share of total imports. Moreover, benzol, toluol and xylol imports from Singapore exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.6% per year) and China (+76.3% per year).

In value terms, Singapore ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to New Zealand, comprising 19% of total imports. The second position in the ranking was held by China ($X), with a 6.9% share of total imports. It was followed by South Korea, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Singapore amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+82.1% per year) and South Korea (-5.6% per year).

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, falling by -3.2% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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