U.S.: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2024

Market Size for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the U.S.

In 2021, the U.S. benzol, toluol and xylol market decreased by -4.2% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Production of Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) in the U.S.

In value terms, benzol, toluol and xylol production declined rapidly to $X in 2021. In general, production, however, showed a pronounced slump. The growth pace was the most rapid in 2017 when the production volume increased by 57% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports from the U.S.

In 2021, overseas shipments of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -3.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 119% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports expanded markedly to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 117%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for benzol, toluol and xylol exports from the United States, with a 52% share of total exports. Moreover, benzol, toluol and xylol exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.7% per year) and Taiwan (Chinese) (-9.9% per year).

In value terms, the largest markets for benzol, toluol and xylol exported from the United States were Canada ($X), Mexico ($X) and Costa Rica ($X), together accounting for 67% of total exports. Taiwan (Chinese), Peru, Germany, the Netherlands, China, Guatemala and South Korea lagged somewhat behind, together comprising a further 22%.

Germany, with a CAGR of +44.4%, saw the highest growth rate of 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

The average benzol, toluol and xylol export price stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 56%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($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 Peru (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2021, purchases abroad of benzol (benzene), toluol (toluene) and xylol (xylenes) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest benzol, toluol and xylol supplier to the United States, with a 41% share of total imports. Moreover, benzol, toluol and xylol imports from Canada exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+25.7% per year) and the Netherlands (+3.6% per year).

In value terms, Canada ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to the United States, comprising 39% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+20.3% per year) and the Netherlands (+0.7% per year).

Import Prices by Country

The average benzol, toluol and xylol import price stood at $X per ton in 2021, with an increase of 62% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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