Toluene Trade Analysis
- Satit Vaewvichit
- Nov 11
- 2 min read
Global Toluene Trade Analysis Summary
Between 2015 and 2024, Northeast Asia emerged as the leading net exporter of toluene, overtaking Southeast Asia, which shifted to a net import position. Western Europe remained a stable net exporter throughout the period. Meanwhile, the Indian Subcontinent and North America continued as major net importers, with their deficits deepening over time. Other regions experienced smaller, yet noteworthy, changes in their trade balances.
Northeast Asia was the largest global exporter of toluene, with Western Europe and Southeast Asia also recording large exports, mostly within their own regions but with significant inter-regional trade to North America, the Indian Subcontinent, and elsewhere.
The toluene trade network in 2024 was characterized by the movement of toluene from China and Japan, through South Korea and Chinese Taipei as transit hubs, and onward to a variety of end destinations, including the Netherlands, United Arab Emirates, India, Saudi Arabia, the United States, and Vietnam.
The price of toluene between 2015 and 2024 ranged from a low of 437 USD per metric ton to a high of 1,327 USD per metric ton. Price fluctuations included declines after 2015, lows in 2016 and 2020, and subsequent increases leading up to peaks in either 2022 or 2023, followed by some decreases or steady values in 2024.
Globally, the movement of toluene in 2024 was dominated by sea transport, which accounted for the overwhelming share of recorded transport across all regions. Road and rail transport were present in several regions but always represented smaller proportions compared to sea, and air transport had almost no recorded share in any region.
The global transportation cost analysis for toluene during 2020 and 2024 indicated that the overall weighted average cost was 64 USD per metric ton. The average cost was based on weighted average CIF-FOB price differences, which reflects the costs of freight, insurance, port handling, and other ancillary fees associated with bilateral trades between exporting and importing countries. Some data points may have been unavailable or excluded as outliers during the data cleaning process.
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