Derivatives of hydrocarbons market
Derivatives of hydrocarbons market: get access to new facts and figures empowered by an Ai-driven market research platform. Info provide companies, consumption, imports, exports, market prices, market size, production, and trade. There is a breakdown by country, including Africa, the Middle East, China, Russia, the U.S., EU, Latin America, and the U.K. Market dynamics and forecast to 2030 are also featured in the reports.
Derivatives of Hydrocarbons - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | India |
| 4 | France |
| 5 | Germany |
In value terms, the largest derivatives of hydrocarbons markets worldwide were China, the United States and India, together comprising 37% of the global market. These countries were followed by France, Germany, Russia, the UK, Indonesia, Japan, Turkey, Malaysia, Spain and Iran, which together accounted for a further 27%.
Malaysia recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while derivatives of hydrocarbons market for the other global leaders experienced more modest paces of growth.
Derivatives Of Hydrocarbons Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Finland | 839 | 761 | 689 | -9.4% |
| Algeria | 1041 | 979 | 921 | -5.9% |
| China | 2299 | 2308 | 2323 | 0.5% |
| United Kingdom | 3555 | 3364 | 3181 | -5.4% |
| Italy | 5021 | 4990 | 5011 | -0.1% |
| Average | 2359 | 2354 | 2333 | -0.5% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($5,011 per ton), while Finland ($689 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Brazil | 3975 | 4257 | 4558 | 7.1% |
| Italy | 4023 | 4170 | 4322 | 3.6% |
| India | 2565 | 2660 | 2759 | 3.7% |
| Switzerland | 2832 | 2643 | 2467 | -6.7% |
| Mexico | 3766 | 2579 | 2382 | -20.5% |
| Japan | 2231 | 2236 | 2240 | 0.2% |
| Spain | 2106 | 2162 | 2219 | 2.6% |
| Malaysia | 1203 | 1158 | 1115 | -3.7% |
| Tunisia | 1094 | 1052 | 1011 | -3.9% |
| Vietnam | 960 | 925 | 900 | -3.2% |
| Average | 2617 | 2536 | 2417 | -3.9% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Brazil ($4,558 per ton), while Vietnam ($900 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.
Derivatives of Hydrocarbons - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| India | 47 | 51 | 57 | 10.0% |
| Japan | 30 | 30 | 30 | 0.1% |
| Spain | 17 | 17 | 18 | 5.6% |
| Malaysia | 12 | 14 | 16 | 15.5% |
| Brazil | 13 | 13 | 14 | 5.3% |
In value terms, India ($57M), Japan ($30M) and Spain ($18M) appeared to be the countries with the highest levels of imports in 2020, with a combined 51% share of global imports. Malaysia, Brazil, Mexico, Italy, Vietnam, Switzerland and Tunisia lagged somewhat behind, together accounting for a further 27%.
Vietnam saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Derivatives of Hydrocarbons - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 87 | 88 | 88 | 0.3% |
| United Kingdom | 16 | 16 | 16 | -2.6% |
| Italy | 14 | 14 | 13 | -2.5% |
| Algeria | 3.2 | 3.4 | 3.6 | 6.0% |
| Finland | 4.4 | 3.9 | 3.4 | -11.1% |
In value terms, China ($88M) remains the largest derivatives of hydrocarbons supplier worldwide, comprising 66% of global exports. The second position in the ranking was occupied by the UK ($16M), with a 12% share of global exports. It was followed by Italy, with a 9.9% share.
In China, derivatives of hydrocarbons exports remained relatively stable over the period from 2018-2020. In the other countries, the average annual rates were as follows: the UK (-2.6% per year) and Italy (-2.5% per year).
Derivatives of Hydrocarbons - Market Forecast
Driven by increasing demand for derivatives of hydrocarbons worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Derivatives of Hydrocarbons - Product Coverage
- HS 290490 - Derivatives of hydrocarbons; n.e.s. in heading no. 2904, whether or not halogenated
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