U.S.: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in the U.S.

In 2022, the U.S. m-xylene and xylenes market increased by 1.5% to $X, rising for the third consecutive year after three years of decline. Overall, consumption showed a slight reduction. X-xylene and xylenes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

M-Xylene And Xylenes Production in the U.S.

In value terms, m-xylene and xylenes production declined modestly to $X in 2022. Over the period under review, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. X-xylene and xylenes production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

M-Xylene And Xylenes Exports

Exports from the U.S.

In 2022, the amount of m-xylene and mixed xylene isomers exported from the United States dropped sharply to X tons, which is down by -15.1% on the previous year's figure. In general, exports faced a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 108% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, m-xylene and xylenes exports soared to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 95%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and South Korea (X tons) were the main destinations of m-xylene and xylenes exports from the United States, with a combined 83% share of total exports. Spain, India, Taiwan (Chinese), China and Belgium lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +1.1%), while shipments for the other leaders experienced a decline.

In value terms, Mexico ($X), Canada ($X) and South Korea ($X) appeared to be the largest markets for m-xylene and xylenes exported from the United States worldwide, with a combined 88% share of total exports.

Mexico, with a CAGR of -2.1%, 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 a decline.

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, jumping by 84% against the previous year. Overall, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

M-Xylene And Xylenes Imports

Imports into the U.S.

In 2022, purchases abroad of m-xylene and mixed xylene isomers decreased by -8.8% to X tons, falling for the seventh consecutive year after four years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 117%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, m-xylene and xylenes imports shrank slightly to $X in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 114% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest m-xylene and xylenes supplier to the United States, accounting for a 41% share of total imports. Moreover, m-xylene and xylenes imports from South Korea exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.4% per year) and Brazil (-8.9% per year).

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Algeria ($X) appeared to be the largest m-xylene and xylenes suppliers to the United States, with a combined 68% share of total imports.

South Korea, with a CAGR of -4.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average m-xylene and xylenes import price amounted to $X per ton, rising by 5.8% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Algeria ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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