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

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

The Turkish benzol, toluol and xylol market was finally on the rise to reach $X in 2021, after seven years of decline. In general, consumption, however, saw a abrupt descent. Benzol, toluol and xylol consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

In value terms, benzol, toluol and xylol production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. Benzol, toluol and xylol production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

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

Exports from Turkey

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported from Turkey; surging by 165% on the previous year's figure. Over the period under review, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

Exports by Country

The Netherlands (X tons) was the main destination for benzol, toluol and xylol exports from Turkey, accounting for a 73% share of total exports. Moreover, benzol, toluol and xylol exports to the Netherlands exceeded the volume sent to the second major destination, Greece (X tons), sevenfold. Egypt (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+65.9% per year) and Egypt (+105.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Turkey, comprising 67% of total exports. The second position in the ranking was held by Greece ($X), with a 13% share of total exports. It was followed by Egypt, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+68.5% per year) and Egypt (+102.0% per year).

Export Prices by Country

The average benzol, toluol and xylol export price stood at $X per ton in 2021, increasing by 41% against the previous year. In general, the export price, however, saw a perceptible descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lebanon ($X per ton), while the average price for exports to Belgium ($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 Greece (+1.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Turkey

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were imported into Turkey; with an increase of 118% against the previous year. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 687% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, benzol, toluol and xylol imports surged to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2013 when imports increased by 734% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Israel (X tons) constituted the largest benzol, toluol and xylol supplier to Turkey, with a 57% share of total imports. Moreover, benzol, toluol and xylol imports from Israel exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+18.0% per year) and Italy (+161.2% per year).

In value terms, Israel ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Turkey, comprising 56% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Israel totaled +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.8% per year) and Italy (+150.7% per year).

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, rising by 48% against the previous year. In general, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Belgium ($X per ton) and Italy ($X per ton), while the price for Portugal ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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