Report Update: May 1, 2024

Thailand - Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Benzol, Toluol and Xylol in Thailand - 2023

Price for Benzol, Toluol and Xylol in Thailand (FOB) - 2023

The average benzol, toluol and xylol export price stood at $994 per ton in July 2023, shrinking by -1.9% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 15% month-to-month. The export price peaked at $1,097 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In July 2023, the highest price was recorded for prices to Singapore ($1,140 per ton) and Malaysia ($1,083 per ton), while the average price for exports to Vietnam ($840 per ton) and Indonesia ($886 per ton) were amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Benzol, Toluol and Xylol in Thailand (CIF) - 2022

The average benzol, toluol and xylol import price stood at $599 per ton in 2022, falling by -52.9% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 158% against the previous year. Over the period under review, average import prices attained the peak figure at $1,346 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,270 per ton), while the price for Italy ($98 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced a decline.

Exports of Benzol, Toluol and Xylol in Thailand

In 2022, overseas shipments of benzol (benzene), toluol (toluene) and xylol (xylenes) decreased by -18.5% to 147K tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 231K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, benzol, toluol and xylol exports surged to $155M in 2022. The total export value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Benzol, Toluol and Xylol in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	13.7	20.6	19.1	31.7	32.3%
Malaysia	14.2	6.3	3.4	29.6	27.7%
India	N/A	8.7	3.2	29.5	84.1%
Indonesia	0.2	1.9	2.8	24.9	399.3%
China	67.1	37.6	85.9	22.1	-30.9%
Vietnam	4.7	3.9	4.8	9.0	24.2%
United Arab Emirates	N/A	1.9	2.3	8.2	107.7%
South Korea	9.1	0.8	2.9	N/A	-43.5%
United States	4.6	0.9	N/A	N/A	-80.4%
Brunei Darussalam	N/A	22.6	N/A	N/A	0%
Others	2.0	0.8	8.6	0.4	-41.5%
Total	116	106	133	155	10.1%

Top Export Markets for Benzol, Toluol and Xylol from Thailand in 2022:

Singapore (34.3K tons)
India (25.8K tons)
Malaysia (25.3K tons)
China (23.5K tons)
Indonesia (22.3K tons)
Vietnam (8.3K tons)
United Arab Emirates (7.8K tons)

Imports of Benzol, Toluol and Xylol in Thailand

For the third year in a row, Thailand recorded decline in purchases abroad of benzol (benzene), toluol (toluene) and xylol (xylenes), which decreased by -69% to 62 tons in 2022. In general, imports faced a sharp slump.

In value terms, benzol, toluol and xylol imports reduced notably to $37K in 2022. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -80.8% was in 2020.

Import of Benzol, Toluol and Xylol in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	21.2	0.2	0.1	N/A	-93.1%
Japan	27.3	N/A	N/A	N/A	0%
United States	N/A	N/A	0.1	N/A	0%
Philippines	16.7	N/A	N/A	N/A	0%
Singapore	18.0	15.7	N/A	N/A	-12.8%
Italy	N/A	N/A	N/A	N/A	0%
Others	N/A	N/A	0.1	N/A	0%
Total	83.2	15.9	0.3	N/A	-94.0%

Top Suppliers of Benzol, Toluol and Xylol to Thailand in 2022:

Japan (53.1 tons)
United States (5.6 tons)
Italy (3.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for benzol, toluol and xylol in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023