Southern Asia: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Southern Asia

The South Asian m-xylene and xylenes market rose to $X in 2022, increasing by 3.2% against the previous year. Overall, consumption showed a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

M-Xylene And Xylenes Production in Southern Asia

In value terms, m-xylene and xylenes production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

M-Xylene And Xylenes Exports

Exports in Southern Asia

M-xylene and xylenes exports declined significantly to X tons in 2022, with a decrease of -74.2% against 2021. In general, exports showed a precipitous slump. The pace of growth was the most pronounced in 2017 when exports increased by 141%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes exports contracted sharply to $X in 2022. Over the period under review, exports saw a precipitous decline. The growth pace was the most rapid in 2017 when exports increased by 251% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India represented the largest exporter of m-xylene and mixed xylene isomers in Southern Asia, with the volume of exports amounting to X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Pakistan (X tons), constituting a 17% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -51.3% from 2012 to 2022. At the same time, Sri Lanka (+70.8%) and Pakistan (+5.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +70.8% from 2012-2022. From 2012 to 2022, the share of Pakistan and Sri Lanka increased by +17 and +3.8 percentage points, respectively.

In value terms, India ($X) remains the largest m-xylene and xylenes supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3.7% share of total exports.

In India, m-xylene and xylenes exports decreased by an average annual rate of -43.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+2.6% per year) and Sri Lanka (+36.7% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by 183% against the previous year. In general, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.3%), while the other leaders experienced a decline in the export price figures.

M-Xylene And Xylenes Imports

Imports in Southern Asia

After two years of growth, supplies from abroad of m-xylene and mixed xylene isomers decreased by -13.4% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 74% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, m-xylene and xylenes imports soared to $X in 2022. Overall, imports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2021 when imports increased by 70%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the key importer of m-xylene and mixed xylene isomers, comprising 66% of total imports. Bangladesh (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (7.1%) and Pakistan (5.9%).

India experienced a relatively flat trend pattern with regard to volume of imports of m-xylene and mixed xylene isomers. At the same time, Bangladesh (+12.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +12.4% from 2012-2022. By contrast, Pakistan (-3.0%) and Sri Lanka (-7.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh increased by +14 percentage points.

In value terms, India ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in Southern Asia, comprising 71% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total imports. It was followed by Sri Lanka, with a 6.5% share.

In India, m-xylene and xylenes imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+13.2% per year) and Sri Lanka (-5.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by 67% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, m-xylene and xylenes import price increased by +67.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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