SADC: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in SADC

In 2022, the SADC m-xylene and xylenes market increased by 9.4% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a abrupt slump. 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 SADC

In value terms, m-xylene and xylenes production expanded modestly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

M-Xylene And Xylenes Exports

Exports in SADC

In 2022, shipments abroad of m-xylene and mixed xylene isomers increased by 15% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2015 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, m-xylene and xylenes exports surged to $X in 2022. Overall, exports, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 73% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near 97% of total exports in 2022. Tanzania (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to m-xylene and xylenes exports from South Africa stood at -3.7%. At the same time, Tanzania (+3.4%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +3.4% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest m-xylene and xylenes supplier in SADC, comprising 96% of total exports. The second position in the ranking was held by Tanzania ($X), with a 2.5% share of total exports.

In South Africa, m-xylene and xylenes exports plunged by an average annual rate of -3.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, rising by 28% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 40%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+3.5%).

M-Xylene And Xylenes Imports

Imports in SADC

In 2022, imports of m-xylene and mixed xylene isomers in SADC shrank significantly to X tons, with a decrease of -15.6% on the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 54%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped remarkably in the following year.

In value terms, m-xylene and xylenes imports soared to $X in 2022. In general, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 75%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, accounting for X tons, which was approx. 92% of total imports in 2022. Tanzania (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to m-xylene and xylenes imports into South Africa stood at +1.4%. At the same time, Tanzania (+20.8%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +20.8% from 2012-2022. While the share of Tanzania (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-2.1 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in SADC, comprising 89% of total imports. The second position in the ranking was held by Tanzania ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +1.4%.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, jumping by 59% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.0%).

Source: IndexBox Platform