Argentina: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Argentina

In 2021, after two years of growth, there was significant decline in the Argentinian cyclanes, cyclenes and cycloterpenes market, when its value decreased by -5.9% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Argentina

In value terms, cyclanes, cyclenes and cycloterpenes production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 56% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Argentina

In 2021, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -0.9% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 998% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports fell to $X in 2021. Overall, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,770%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Argentina, with a 49% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to Chile exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +97.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.1% per year) and China (-0.6% per year).

In value terms, China ($X), Chile ($X) and Italy ($X) appeared to be the largest markets for cyclanes, cyclenes and cycloterpenes exported from Argentina worldwide, together accounting for 66% of total exports.

Among the main countries of destination, Chile, with a CAGR of +88.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, reducing by -5.4% against the previous year. In general, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2015 an increase of 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Argentina

Cyclanes, cyclenes and cycloterpenes imports into Argentina soared to X tons in 2021, jumping by 96% compared with the year before. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 111% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports amounted to $X in 2021. In general, imports recorded a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 158% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Argentina, accounting for a 32% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.3% per year) and Brazil (+13.6% per year).

In value terms, the largest cyclanes, cyclenes and cycloterpenes suppliers to Argentina were Spain ($X), Taiwan (Chinese) ($X) and China ($X), together accounting for 38% of total imports. South Korea, the United States, Brazil and Germany lagged somewhat behind, together comprising a further 27%.

Brazil, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, reducing by -43% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 167% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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