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

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

In 2021, the Spanish benzol, toluol and xylol market increased by 58% to $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption, however, saw a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

In value terms, benzol, toluol and xylol production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 33%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

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

Exports from Spain

In 2021, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported from Spain surged to X tons, increasing by 72% on 2020 figures. Overall, exports posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 111% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports surged to $X in 2021. Over the period under review, exports continue to indicate mild growth. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of benzol, toluol and xylol exports from Spain, together accounting for 85% of total exports. Turkey, the United States, France, Greece and Germany lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +413.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for benzol, toluol and xylol exported from Spain were the Netherlands ($X), Italy ($X) and Belgium ($X), together accounting for 85% of total exports. Turkey, the United States, France, Greece and Germany lagged somewhat behind, together accounting for a further 11%.

The United States, with a CAGR of +406.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, jumping by 55% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. Over the period under review, the average export prices attained the peak figure 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 overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Spain

In 2021, supplies from abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by 119% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 199%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

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

Imports by Country

In 2021, France (X tons) constituted the largest benzol, toluol and xylol supplier to Spain, accounting for a 85% share of total imports. Moreover, benzol, toluol and xylol imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), ninefold. Belgium (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+66.0% per year) and Belgium (+83.4% per year).

In value terms, France ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Spain, comprising 86% of total imports. The second position in the ranking was held by Portugal ($X), with an 8.3% share of total imports. It was followed by Romania, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+53.4% per year) and Romania (+21.6% per year).

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2021, growing by 65% against the previous year. In general, the import price, however, recorded a pronounced downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Romania ($X per ton) and the Netherlands ($X per ton), while the price for Portugal ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+99.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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