Asia: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Asia

In 2022, the Asian m-xylene and xylenes market increased by X% to $X, rising for the second year in a row after eight years of decline. In general, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

M-Xylene And Xylenes Production in Asia

In value terms, m-xylene and xylenes production fell to $X in 2022 estimated in export price. Overall, production faced a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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M-Xylene And Xylenes Exports

Exports in Asia

In 2022, the amount of m-xylene and mixed xylene isomers exported in Asia fell slightly to X tons, declining by X% on 2021 figures. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, m-xylene and xylenes exports soared to $X in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of m-xylene and mixed xylene isomers, namely Israel, the United Arab Emirates and Iran, represented more than two-thirds of total export. Japan (X tons) ranks next in terms of the total exports with an X% share, followed by Taiwan (Chinese) (X%) and Saudi Arabia (X%). China (X tons) took a little share of total exports.

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

In value terms, the United Arab Emirates ($X), Israel ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Iran, China, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, showed a mild slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

M-Xylene And Xylenes Imports

Imports in Asia

In 2022, the amount of m-xylene and mixed xylene isomers imported in Asia surged to X tons, rising by X% against the previous year's figure. In general, imports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes imports surged to $X in 2022. Over the period under review, imports, however, recorded a perceptible curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X tons, which amounted to X% of total imports. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Malaysia (X%). The following importers - Indonesia (X tons), South Korea (X tons) and Saudi Arabia (X tons) - each recorded a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), South Korea (X%), Singapore (X%) and China (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Singapore, China, Malaysia and South Korea increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported m-xylene and mixed xylene isomers in Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by China, with a X% share.

In the United Arab Emirates, m-xylene and xylenes imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a mild setback. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and China ($X per ton), while Saudi Arabia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform