Asia-Pacific: P-Xylene Market 2024

P-Xylene Market Size in Asia-Pacific

In 2022, the Asia-Pacific p-xylene market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a pronounced contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

P-Xylene Production in Asia-Pacific

In value terms, p-xylene production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

P-Xylene Exports

Exports in Asia-Pacific

In 2022, overseas shipments of p-xylene decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, p-xylene exports skyrocketed to $X in 2022. Total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea was the main exporter of p-xylene in Asia-Pacific, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brunei Darussalam (X%), Taiwan (Chinese) (X%), India (X%) and Singapore (X%). Vietnam (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to p-xylene exports from South Korea stood at X%. At the same time, Vietnam (X%), Taiwan (Chinese) (X%), India (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Brunei Darussalam experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Brunei Darussalam, Vietnam and Taiwan (Chinese) increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest p-xylene supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with an X% share.

In South Korea, p-xylene exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Brunei Darussalam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a perceptible setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Brunei Darussalam ($X per ton), while Japan ($X per ton) and India ($X per ton) were amongst the lowest.

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

P-Xylene Imports

Imports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded decline in supplies from abroad of p-xylene, which decreased by X% to X tons in 2022. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, p-xylene imports rose modestly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China was the key importer of p-xylene in Asia-Pacific, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), constituting a X% share of total imports. India (X tons), Indonesia (X tons), Pakistan (X tons) and Malaysia (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the p-xylene imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. India and Pakistan 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 China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported p-xylene in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. 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 Pakistan ($X per ton) and India ($X per ton), while Taiwan (Chinese) ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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