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

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the Russian Federation

The Russian benzol, toluol and xylol market soared to $X in 2021, surging by 29% against the previous year. In general, consumption, however, recorded a slight setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the Russian Federation

In value terms, benzol, toluol and xylol production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible contraction. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports from the Russian Federation

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported from Russia; which is down by -17% against the previous year. Overall, exports, however, recorded noticeable growth. The growth pace was the most rapid in 2020 when exports increased by 50%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports reached $X in 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for benzol, toluol and xylol exports from Russia, accounting for a 59% share of total exports. Moreover, benzol, toluol and xylol exports to Latvia exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia totaled +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.8% per year) and Poland (+36.5% per year).

In value terms, Latvia ($X) emerged as the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Russia, comprising 61% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 27% share of total exports. It was followed by Poland, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Latvia totaled +57.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-4.3% per year) and Poland (+31.9% per year).

Export Prices by Country

The average benzol, toluol and xylol export price stood at $X per ton in 2021, growing by 27% against the previous year. In general, the export price, however, showed a mild decrease. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Latvia ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Finland ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.6%), while the prices for the other major destinations experienced a decline.

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

Imports into the Russian Federation

In 2021, imports of benzol (benzene), toluol (toluene) and xylol (xylenes) into Russia surged to X tons, with an increase of 163% against the previous year. Overall, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, benzol, toluol and xylol imports surged to $X in 2021. In general, imports enjoyed pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of benzol, toluol and xylol to Russia, accounting for a 45% share of total imports. Moreover, benzol, toluol and xylol imports from Poland exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-17.2% per year) and Germany (-9.0% per year).

In value terms, Poland ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Russia, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Belarus, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.8% per year) and Belarus (+24.0% per year).

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, declining by -21.4% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. Over the period under review, average import prices reached the peak figure 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 Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+18.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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