Mixed Alkylbenzenes, Mixed Alkylnaphthalenes Market

The article discusses the increasing demand for mixed alkylbenzenes and mixed alkylnaphthalenes worldwide, with a forecasted upward consumption trend. Market performance is projected to grow steadily with a CAGR of +2.5% in volume and +4.7% in value from 2022 to 2030. Key insights include market volumes, values, consumption patterns, production trends, imports, exports, top consuming and producing countries, and price variations over the years.

Market Forecast

Driven by increasing demand for mixed alkylbenzenes, mixed alkylnaphthalenes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 4.8M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $8.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

After six years of growth, consumption of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -2.5% to 3.9M tons in 2022. The total consumption volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, global consumption attained the maximum volume at 4M tons in 2021, and then reduced modestly in the following year.

The global mixed alkylbenzenes, mixed alkylnaphthalenes market value rose sharply to $6.1B in 2022, with an increase of 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $6.3B in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (691K tons), the United States (377K tons) and India (322K tons), together accounting for 36% of global consumption. Qatar, Japan, Pakistan, Mexico, Russia, Germany, Indonesia, Brazil, Turkey and Vietnam lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +14.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest mixed alkylbenzenes, mixed alkylnaphthalenes markets worldwide were China ($862M), India ($585M) and the United States ($561M), together comprising 33% of the global market. Mexico, Qatar, Japan, Pakistan, Germany, Vietnam, Turkey, Russia, Brazil and Indonesia lagged somewhat behind, together accounting for a further 28%.

Among the main consuming countries, Pakistan, with a CAGR of +13.0%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of mixed alkylbenzenes, mixed alkylnaphthalenes per capita consumption was registered in Qatar (56 kg per person), followed by Germany (1.2 kg per person), Japan (1.2 kg per person) and the United States (1.1 kg per person), while the world average per capita consumption of mixed alkylbenzenes, mixed alkylnaphthalenes was estimated at 0.5 kg per person.

In Qatar, mixed alkylbenzenes, mixed alkylnaphthalenes per capita consumption shrank by an average annual rate of -1.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Germany (+3.5% per year) and Japan (+1.3% per year).

Production

World Production of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

After two years of growth, production of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -0.4% to 3.7M tons in 2022. The total output volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 10% against the previous year. Global production peaked at 3.7M tons in 2021, and then shrank slightly in the following year.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes production shrank slightly to $4.8B in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Over the period under review, global production hit record highs at $5.4B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (853K tons), the United States (451K tons) and Saudi Arabia (362K tons), with a combined 45% share of global production. Qatar, Canada, South Korea, Japan, Brazil, Iran, Taiwan (Chinese), Russia, Egypt and Indonesia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +12.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

After three years of growth, purchases abroad of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -5.9% to 1.7M tons in 2022. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 14% against the previous year. Over the period under review, global imports reached the peak figure at 1.8M tons in 2021, and then fell in the following year.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports soared to $3.4B in 2022. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports By Country

In 2022, India (313K tons), distantly followed by Pakistan (122K tons), Mexico (109K tons), Belgium (89K tons) and Turkey (82K tons) represented the largest importers of mixed alkylbenzenes, mixed alkylnaphthalenes, together constituting 41% of total imports. The following importers - Vietnam (76K tons), South Africa (73K tons), Germany (64K tons), the United States (63K tons), Colombia (61K tons), the Philippines (55K tons), Malaysia (48K tons) and China (37K tons) - together made up 28% of total imports.

Imports into India increased at an average annual rate of +12.0% from 2012 to 2022. At the same time, the Philippines (+43.3%), Pakistan (+14.8%), Malaysia (+9.7%), China (+3.3%), South Africa (+2.7%), Colombia (+2.7%), Belgium (+1.6%), Turkey (+1.2%) and Germany (+1.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +43.3% from 2012-2022. Vietnam and the United States experienced a relatively flat trend pattern. By contrast, Mexico (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Pakistan, the Philippines and Malaysia increased by +11, +5, +3.1 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($606M) constitutes the largest market for imported mixed alkylbenzenes, mixed alkylnaphthalenes worldwide, comprising 18% of global imports. The second position in the ranking was taken by Mexico ($231M), with a 6.8% share of global imports. It was followed by Pakistan, with a 5.8% share.

In India, mixed alkylbenzenes, mixed alkylnaphthalenes imports expanded at an average annual rate of +12.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (-4.9% per year) and Pakistan (+12.7% per year).

Import Prices By Country

In 2022, the average mixed alkylbenzenes, mixed alkylnaphthalenes import price amounted to $1,961 per ton, rising by 25% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($2,228 per ton), while Malaysia ($1,330 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

In 2022, shipments abroad of mixed alkylbenzenes, mixed alkylnaphthalenes decreased by -1.3% to 1.5M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Over the period under review, the global exports attained the peak figure at 1.5M tons in 2021, and then contracted in the following year.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports surged to $2.8B in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, Saudi Arabia (316K tons), distantly followed by China (199K tons), Canada (183K tons), the United States (137K tons), South Korea (104K tons), Taiwan (Chinese) (90K tons), Qatar (82K tons) and Thailand (69K tons) represented the largest exporters of mixed alkylbenzenes, mixed alkylnaphthalenes, together generating 78% of total exports. Belgium (64K tons), Egypt (59K tons), Iran (38K tons), Malaysia (30K tons) and Indonesia (28K tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +96.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($597M), China ($340M) and Canada ($305M) constituted the countries with the highest levels of exports in 2022, together comprising 44% of global exports. The United States, South Korea, Taiwan (Chinese), Egypt, Qatar, Belgium, Thailand, Iran, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 48%.

Malaysia, with a CAGR of +85.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average mixed alkylbenzenes, mixed alkylnaphthalenes export price stood at $1,864 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34% against the previous year. The global export price peaked at $1,916 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($2,568 per ton), while Malaysia ($943 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform