Venezuela: Market for Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) 2025

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

In 2021, after four years of decline, there was significant growth in the Venezuelan benzol, toluol and xylol market, when its value increased by 15% to $X. Over the period under review, consumption, however, saw a abrupt downturn. 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 Venezuela

In value terms, benzol, toluol and xylol production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

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

Exports from Venezuela

In 2021, approx. X tons of benzol (benzene), toluol (toluene) and xylol (xylenes) were exported from Venezuela; declining by -20% compared with the year before. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2016 when exports increased by 38%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, benzol, toluol and xylol exports shrank to $X in 2021. Overall, exports continue to indicate a sharp shrinkage. The smallest decline of -9.3% was in 2018. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for benzol, toluol and xylol exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -28.4%.

In value terms, the United States ($X) also remains the key foreign market for benzol (benzene), toluol (toluene) and xylol (xylenes) exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -31.9%.

Export Prices by Country

In 2021, the average benzol, toluol and xylol export price amounted to $X per ton, growing by 8.5% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.9% per year.

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

Imports into Venezuela

In 2021, overseas purchases of benzol (benzene), toluol (toluene) and xylol (xylenes) increased by 42% to X tons, rising for the third year in a row after two years of decline. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 691%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, benzol, toluol and xylol imports soared to $X in 2021. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 412% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of benzol, toluol and xylol imports to Venezuela, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of benzol (benzene), toluol (toluene) and xylol (xylenes) to Venezuela, comprising 36% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.5% per year) and Colombia (0.0% per year).

Import Prices by Country

In 2021, the average benzol, toluol and xylol import price amounted to $X per ton, with an increase of 53% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.0%).

Source: IndexBox Platform

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