EU: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in the EU

The EU cyclic hydrocarbons market shrank modestly to $X in 2023, declining by X% against the previous year. Over the period under review, consumption, however, recorded a mild descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in the EU

In value terms, cyclic hydrocarbons production reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports in the EU

In 2023, the amount of cyclic hydrocarbons exported in the European Union declined to X tons, which is down by X% against 2022 figures. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports fell rapidly to $X in 2023. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the main exporting country with an export of about X tons, which accounted for X% of total exports. Belgium (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Spain (X%) and France (X%). The following exporters - the Czech Republic (X tons) and Poland (X tons) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cyclic hydrocarbons exports from the Netherlands stood at X%. At the same time, France (X%), Spain (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Belgium and Poland experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Spain (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and the Netherlands saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Spain, France, the Czech Republic and Poland lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Belgium ($X per ton) and Germany ($X per ton), while Poland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the export price figures.

Cyclic Hydrocarbons Imports

Imports in the EU

In 2023, purchases abroad of cyclic hydrocarbons decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports declined markedly to $X in 2023. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Belgium (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), France (X tons) and Italy (X tons) represented the main importers of cyclic hydrocarbons, together achieving X% of total imports. Spain (X tons) and Portugal (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest cyclic hydrocarbons importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports. France, Italy, Spain and Portugal lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while Portugal ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform