Naphtha Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Naphtha Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22707
Buy Now

Naphtha Prices December 2023

Category Region Price
Naphtha Feedstock USA  563 USD/MT
Naphtha Feedstock Japan 650 USD/MT
Naphtha Feedstock Netherlands 585 USD/MT
Naphtha Feedstock Saudi Arabia 610 USD/MT

In Q4 2023, the USA saw a 1% decrease in Naphtha prices compared to the previous quarter and a 6% decrease year-on-year. Despite stable demand, transportation barriers from snowfall may have hindered exports. The quarter ended with a Naphtha FOB Texas price of 563 USD/MT, with no reported plant shutdowns.

In the Q4 of 2023, the Japanese Naphtha market experienced a 1.5% price increase compared to the previous quarter, largely due to elevated import costs from the US. The quarter concluded with the Naphtha price reaching 650 USD/MT.

The Netherlands Naphtha market has been bearish in Q4 2023 due to low demand and high supply which resulted in 12% price decrease from last quarter whereas it was 12% higher. The Naphtha FOB Rotterdam cost December 2023 was recorded at 585 USD/MT.

In Q4 2023, the demand for Naphtha in Saudi Arabia was moderate, bolstered by increased demand from the downstream polymer industry. The pricing trend in Saudi Arabia showed an upward trajectory, with no reported plant shutdowns during the quarter. The closing price for Naphtha FOB Jeddah in Saudi Arabia at the end of the quarter was 610 USD/MT.

Naphtha Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Naphtha Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of naphtha pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of naphtha at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of naphtha price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing naphtha price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Naphtha Price Trend

Naphtha Market Analysis

The global naphtha market size reached US$ 170.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 222.1 Billion, at a projected CAGR of 2.90% during 2023-2032.

  • The increasing demand for naphtha in petrochemical and refining industries for the production of various chemical products, including plastics and synthetic fibers, is fueling the market.
  • The rising adoption of naphtha as a feedstock in the automotive sector for the production of gasoline and other fuels is driving market growth.
  • The growing awareness of environmental sustainability is fueling the demand for eco-friendly naphtha products with reduced volatile organic compounds (VOCs).
  • Continual advancements in naphtha production technologies and exploration activities for new naphtha sources are expected to further propel market expansion.
  • The ongoing development of new naphtha-based products and formulations, tailored to meet specific industry needs and regulatory requirements, fosters innovation and market expansion.
  • The favorable government policies and initiatives aimed at promoting domestic naphtha production, enhancing energy security, and fostering industrial growth play a crucial role in driving market development.
  • The growing use of naphtha in the production of agricultural chemicals, fertilizers, and pharmaceuticals underscores its versatility and market significance.
  • The expanding application of naphtha in the energy sector for power generation and as a fuel source for industrial furnaces and boilers contributes to market growth.
  • The rising consumption of naphtha as a blending component in gasoline production, particularly in regions with stringent fuel quality standards, further drives market demand.
  • The increasing adoption of naphtha as a solvent in the manufacturing and processing of consumer goods, such as paints, coatings, and adhesives, drives market growth.
  • The rising trend of using lightweight materials in automotive and aerospace industries, where naphtha-based plastics and composites are widely used, boosts market demand.
  • Rapid globalization of trade and the expansion of logistics networks facilitate the distribution and trade of naphtha across regions, supporting market growth.
  • The growing emergence of new application areas for naphtha, such as in the production of renewable fuels and bio-based chemicals, presents opportunities for market expansion and diversification.
  • The ongoing development of innovative naphtha-based technologies, such as steam cracking and catalytic reforming, enhances the efficiency and cost-effectiveness of naphtha processing, further driving market growth.

Naphtha News

The report covers the latest developments, updates, and trends impacting the global naphtha market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in naphtha production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the naphtha price trend.

Latest developments in the naphtha industry:

  • In 2021, LG Chem has focused on environmental aspects by its latest ‘Sustainable Management Report,’ illustrated along with storytelling based on Carbon reduction, Circularity, and People. The report also includes plans for environmental-friendly products such as ecotrees and cetus, and roadmaps on how we will achieve our carbon-neutral growth by 2050, one of the strategies will be converting the NCC Plant's decomposition furnace to an electrolytic furnace and investing in carbon capture and utilization technologies.
  • In 2024, Phillips 66 (NYSE: (PSX) achieved a key milestone in its conversion of the San Francisco refinery into the Rodeo Renewable Energy Complex, increasing production of renewable diesel to 30,000 barrels per day. The plant will be designed to increase production to over 0.8 billion gallons per year (50,000 BPD) by the end of the second quarter, so Phillips 66 can be a leader in renewable fuels.
  • In March 2020, ExxonMobil, Georgia Tech and Imperial College London cooperate in producing research in Science of a novel membrane technology that breaks away Naphtha and kerosene molecules from light crude oil, thus emitting less chemicals and using less energy. ExxonMobil has had $10 billion toward lower-emission energy solutions since 2000 and is working with over 80 universities around the world.

Product Description

Naphtha is a sort of multi-functional hydrocarbon liquid that is used as a key feedstock in the chemical and refining industries. It is usually derived from crude oil refining process by using the fractional distillation method. This process is carried out by boiling the crude oil into different components based on their boiling points, with naphtha being one of the lighter fractions.

The function of naphtha is to act as the basic unit in the manufacture of many vital products such as plastics, drugs, fertilizers, and synthetic fabrics. In various sectors, its flexibility and availability make it an essential resource for industries across the world, creating economic prosperity and technological progress. Moreover, the advantages of naphtha go beyond manufacturing processes, as the efficient use of it results in the reduction of emissions and finally higher energy efficiency, which is in line with sustainable development goals.

Regional Coverage

The report provides a detailed analysis of the naphtha market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the naphtha price trend.

Global Naphtha Price

The report offers a holistic view of the global naphtha pricing trends in the form of naphtha price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of naphtha but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed naphtha demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Naphtha Price

In Q4 2023, the European naphtha market experienced a bearish trend characterized by high supply and low demand, particularly from downstream toluene industries. This surplus in supply, coupled with reduced demand, led to an average hoarding sentiment among market participants. Fluctuations in feedstock Crude Oil prices throughout the quarter added to the market's uncertainty, potentially impacting product prices. Additionally, transportation barriers due to snowfall posed challenges to exports, further dampening naphtha demand.

This analysis can be extended to include detailed naphtha price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America Naphtha Price

In Q4 2023, the North American naphtha market experienced a decline, marked by several notable developments. Firstly, the market benefited from a decrease in global Crude Oil prices, resulting in lower costs for Naphtha's essential feedstock and making production more economically viable. Secondly, the market witnessed steady demand for the product throughout the quarter, with no significant fluctuations. Additionally, concerns among traders regarding the Federal Reserve's ability to control inflation contributed to a decline in oil prices, further impacting the market.

Specific naphtha historical data within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

Middle East and Africa Naphtha Price

In the fourth quarter of 2023, the Naphtha pricing trend in the Middle East and Africa (MEA) region displayed a consistent upward trajectory, driven by several key factors. Reduced Naphtha supply resulting from OPEC+ cuts in Saudi Arabia aimed at boosting crude oil values, combined with moderate demand from the downstream petrochemical industry and expectations of rising upstream crude oil prices, contributed to this market shift. Saudi Arabia witnessed noteworthy price fluctuations, with healthy trading activities and increased market purchasing. Despite this, the overall market situation in Saudi Arabia remained bullish, characterized by stable Naphtha supply and moderate demand driven by the downstream polymer industry.

In addition to region-wise data, information on naphtha prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Naphtha Price

In Q4 2023, the APAC Naphtha market showed mixed performance, with internal dynamics balancing external factors like changes in crude oil prices. Cheaper imports and lower global crude oil costs led to a price dip, but Japan saw a 1.5% increase due to higher import costs from the US. India's Naphtha supply improved with declining crude oil prices, while China saw a slight decrease. OPEC's increased crude oil exports eased supply constraints. In Japan, Naphtha prices rose due to seasonal factors and higher import costs from the West.

This naphtha price analysis can be expanded to include a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Naphtha Price

During Q4 2023, Naphtha prices in the Latin American region, particularly in Brazil, demonstrated a notable increase compared to the previous quarter. This upward trend was largely driven by expensive imports from the USA, which escalated import costs in Brazil. However, from November to December 2023, the Brazilian market faced challenges such as reduced demand and declining exports, which constrained factory production and led to fewer new orders. This situation resulted in decreased purchasing activity and reduced inventories as the industry adapted to tough economic conditions. Despite these challenges, there are signs of potential market recovery and growth. Companies are considering workforce expansions, indicating resilience and optimism for the future of the Brazilian naphtha industry, even as December showed signs of price contraction.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name Naphtha
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Naphtha Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of naphtha pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting naphtha price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The naphtha price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Naphtha Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Purchase options
For 2 Deliverables, Billed Annually

For 4 Deliverables, Billed Annually

For 12 Deliverables, Billed Annually

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More