Global Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size

The global cyclic hydrocarbons market reduced to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cyclic Hydrocarbons Production

In value terms, cyclic hydrocarbons production declined to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cyclic Hydrocarbons Exports

Exports

In 2022, global cyclic hydrocarbons exports contracted to X tons, falling by X% against the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports expanded markedly to $X in 2022. Overall, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X tons), distantly followed by Japan (X tons), the Netherlands (X tons), India (X tons), the United States (X tons), Saudi Arabia (X tons) and Singapore (X tons) represented the key exporters of cyclic hydrocarbons, together comprising X% of total exports. The following exporters - Taiwan (Chinese) (X tons), Brunei Darussalam (X tons), China (X tons), Belgium (X tons), Germany (X tons) and Thailand (X tons) - together made up X% of total exports.

Exports from South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, Brunei Darussalam (X.0%), China (X%), India (X%), Saudi Arabia (X%), Taiwan (Chinese) (X%), Singapore (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing exporter exported in the world, with a CAGR of X.0% from 2012-2022. By contrast, Japan (X%), Germany (X%), the Netherlands (X%), the United States (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Brunei Darussalam (X p.p.), India (X p.p.), China (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (X p.p.), Japan (X p.p.), the United States (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest cyclic hydrocarbons supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of global exports. It was followed by the United States, with an X% share.

In South Korea, cyclic hydrocarbons exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other global leaders experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports

In 2022, global cyclic hydrocarbons imports reduced to X tons, with a decrease of X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, global imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports expanded rapidly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the main importer of cyclic hydrocarbons in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. The United States (X tons) ranks second in terms of the total imports with an X% share, followed by Belgium (X%), Taiwan (Chinese) (X%), India (X%) and the Netherlands (X%). South Korea (X tons), Mexico (X tons), Germany (X tons), Turkey (X tons), Saudi Arabia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons imports into China stood at X%. At the same time, Turkey (X%), India (X%), the United States (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Taiwan (Chinese) (X%), Germany (X%), Mexico (X%), South Korea (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and the United States (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Mexico (X p.p.), Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cyclic hydrocarbons worldwide, comprising X% of global imports. The second position in the ranking was held by Belgium ($X), with an X% share of global imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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