Global Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size

The global cyclic hydrocarbons market was estimated at $X in 2023, approximately equating the previous year. In general, consumption, however, saw a mild downturn. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production

In value terms, cyclic hydrocarbons production stood at $X in 2023 estimated in export price. Over the period under review, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports

In 2023, approx. X tons of cyclic hydrocarbons were exported worldwide; dropping by X% compared with 2022. Over the period under review, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the global exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports declined remarkably to $X in 2023. In general, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Korea (X tons), distantly followed by Japan (X tons), Saudi Arabia (X tons), the United States (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons), Singapore (X tons) and India (X tons) represented the major exporters of cyclic hydrocarbons, together making up X% of total exports. Belgium (X tons), China (X tons), Germany (X tons), Thailand (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Exports from South Korea increased at an average annual rate of X% from 2012 to 2023. At the same time, China (X%), Saudi Arabia (X%), Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Singapore, Belgium and India experienced a relatively flat trend pattern. By contrast, Japan (X%), the United States (X%), Germany (X%), the Netherlands (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea, Saudi Arabia, Taiwan (Chinese) and China increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in South Korea was relatively modest. In the other countries, the average annual rates were as follows: Japan (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average cyclic hydrocarbons export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports

In 2023, approx. X tons of cyclic hydrocarbons were imported worldwide; which is down by X% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports shrank to $X in 2023. Over the period under review, imports recorded a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) represented the main importer of cyclic hydrocarbons, constituting X% of total imports. The United States (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Belgium (X%) and India (X%). The following importers - the Netherlands (X tons), South Korea (X tons), Germany (X tons), Mexico (X tons), Indonesia (X tons), Turkey (X tons) and Malaysia (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, the United States (X%), Turkey (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Indonesia (X%), Belgium (X%), the Netherlands (X%), Mexico (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States, China and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, cyclic hydrocarbons imports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United States (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the average cyclic hydrocarbons import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform