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

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

The UK benzol, toluol and xylol market was finally on the rise to reach $X in 2021, after eight years of decline. In general, consumption, however, recorded a abrupt shrinkage. Benzol, toluol and xylol consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, benzol, toluol and xylol production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. Benzol, toluol and xylol production peaked 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 UK

In 2021, the amount of benzol (benzene), toluol (toluene) and xylol (xylenes) exported from the UK totaled X tons, approximately mirroring the previous year. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when exports increased by 327% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 310% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for benzol, toluol and xylol exports from the UK, accounting for a 74% share of total exports. Moreover, benzol, toluol and xylol exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), threefold. France (X tons) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.4% per year) and France (-45.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from the UK, comprising 72% of total exports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total exports. It was followed by Germany, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-12.8% per year) and Germany (-38.2% per year).

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, rising by 57% against the previous year. Overall, the export price, however, showed a noticeable decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: 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 (+29.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the UK

For the third consecutive year, the UK recorded decline in overseas purchases of benzol (benzene), toluol (toluene) and xylol (xylenes), which decreased by -13.4% to X tons in 2021. Overall, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of 97% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, benzol, toluol and xylol imports skyrocketed to $X in 2021. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 68% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of benzol, toluol and xylol to the UK, accounting for a 80% share of total imports. Moreover, benzol, toluol and xylol imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +94.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and the Netherlands (-25.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to the UK, comprising 82% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +87.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and the Netherlands (-30.6% per year).

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, picking up by 53% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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