Cyclic Hydrocarbons; M-Xylene Price in China - 2023
Contents:
- Cyclic Hydrocarbons; M-Xylene Price in China (CIF) - 2022
- Cyclic Hydrocarbons; M-Xylene Price in China (FOB) - 2022
- Cyclic Hydrocarbons; M-Xylene Imports in China
- Cyclic Hydrocarbons; M-Xylene Exports in China
Cyclic Hydrocarbons; M-Xylene Price in China (CIF) - 2022
The average cyclic hydrocarbons; m-xylene import price stood at $1,164 per ton in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. The import price peaked at $1,665 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,240 per ton), while the price for South Korea amounted to $1,085 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.9%), while the prices for the other major suppliers experienced a decline.
Cyclic Hydrocarbons; M-Xylene Price in China (FOB) - 2022
The average cyclic hydrocarbons; m-xylene export price stood at $2,325 per ton in 2022, shrinking by -86.1% against the previous year. Over the period under review, the export price recorded a noticeable descent. The growth pace was the most rapid in 2021 an increase of 456% against the previous year. As a result, the export price attained the peak level of $16,746 per ton, and then shrank notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +48.5% per year.
Cyclic Hydrocarbons; M-Xylene Imports in China
In 2022, purchases abroad of cyclic hydrocarbons; m-xylenes decreased by -13.4% to 47K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 130% against the previous year. As a result, imports attained the peak of 55K tons, and then contracted in the following year.
In value terms, cyclic hydrocarbons; m-xylene imports reached $55M in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 194% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Cyclic Hydrocarbons; M-Xylene in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.5 | 12.3 | 15.2 | 33.7 | 29.5% |
| South Korea | 3.7 | 6.4 | 17.0 | 7.6 | 27.1% |
| Others | N/A | N/A | 22.6 | 14.0 | -38.1% |
| Total | 19.3 | 18.7 | 54.8 | 55.3 | 42.0% |
Top Suppliers of Cyclic Hydrocarbons; M-Xylene to China in 2022:
- Japan (27.2K tons)
- South Korea (7.0K tons)
Cyclic Hydrocarbons; M-Xylene Exports in China
In 2022, approx. 3 tons of cyclic hydrocarbons; m-xylenes were exported from China; jumping by 819% on the previous year. Overall, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cyclic hydrocarbons; m-xylene exports soared to $7.1K in 2022. In general, exports, however, continue to indicate a deep downturn.
| Export of Cyclic Hydrocarbons; M-Xylene in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 0.7 | 0% |
| Russia | N/A | 6.8 | N/A | N/A | 0% |
| Ethiopia | 0.2 | N/A | 5.5 | N/A | 424.4% |
| United States | 0.2 | N/A | N/A | N/A | 0% |
| India | 0.1 | 1.8 | N/A | N/A | 1700.0% |
| Myanmar | 10.7 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | 6.4 | 177.3% |
| Total | 11.5 | 8.6 | 5.5 | 7.1 | -14.8% |
Top Export Markets for Cyclic Hydrocarbons; M-Xylene from China in 2022:
- Canada (1.6 tons)
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