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

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

In 2021, after five years of decline, there was significant growth in the Scandinavia benzol, toluol and xylol market, when its value increased by 260% to $X. Overall, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, benzol, toluol and xylol production skyrocketed to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports in Scandinavia

In 2021, shipments abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by 26% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 31%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, benzol, toluol and xylol exports soared to $X in 2021. Overall, exports, however, showed a deep contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Finland was the major exporter of benzol (benzene), toluol (toluene) and xylol (xylenes) in Scandinavia, with the volume of exports reaching X tons, which was approx. 66% of total exports in 2021. It was distantly followed by Norway (X tons) and Sweden (X tons), together committing a 32% share of total exports. Denmark (X tons) took a little share of total exports.

Finland was also the fastest-growing in terms of the benzol (benzene), toluol (toluene) and xylol (xylenes) exports, with a CAGR of +3.8% from 2012 to 2021. At the same time, Denmark (+1.5%) displayed positive paces of growth. By contrast, Sweden (-10.2%) and Norway (-21.7%) illustrated a downward trend over the same period. While the share of Finland (+48 p.p.) and Denmark (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-49.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest benzol, toluol and xylol supplier in Scandinavia, comprising 60% of total exports. The second position in the ranking was held by Sweden ($X), with a 16% share of total exports. It was followed by Norway, with a 13% share.

In Finland, benzol, toluol and xylol exports declined by an average annual rate of -4.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-12.7% per year) and Norway (-31.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 7.5% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 22% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.3%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

In 2021, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) imported in Scandinavia soared to X tons, surging by 33% on the previous year. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 49%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 65%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X tons) and Finland (X tons) represented roughly 75% of total imports in 2021. It was distantly followed by Denmark (X tons), creating a 20% share of total imports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 93% of total imports.

Finland, with a CAGR of +5.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 when the import price increased by 30%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform