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

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

In 2021, after two years of decline, there was significant growth in the ASEAN cyclanes, cyclenes and cycloterpenes market, when its value increased by 18% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

In value terms, cyclanes, cyclenes and cycloterpenes production expanded markedly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 75%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in ASEAN

After two years of decline, shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 440% to X tons in 2021. Over the period under review, exports, however, showed a significant decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia was the key exporter of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in ASEAN, with the volume of exports reaching X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Singapore (X tons), mixing up a 10% share of total exports. Thailand (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cyclanes, cyclenes and cycloterpenes exports from Indonesia stood at -18.8%. Thailand experienced a relatively flat trend pattern. Singapore (-39.4%) illustrated a downward trend over the same period. While the share of Indonesia (+49 p.p.) and Thailand (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-50.8 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) emerged as the largest cyclanes, cyclenes and cycloterpenes supplier in ASEAN, comprising 81% of total exports. The second position in the ranking was held by Singapore ($X), with a 19% share of total exports.

In Indonesia, cyclanes, cyclenes and cycloterpenes exports declined by an average annual rate of -10.0% over the period from 2012-2021.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the export price saw prominent growth. The pace of growth was the most pronounced in 2013 an increase of 45%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+19.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in ASEAN

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) imported in ASEAN stood at X tons, with an increase of 11% on 2020. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 24%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Vietnam (X tons) and Indonesia (X tons) represented the main importer of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in ASEAN, constituting 79% of total import. It was distantly followed by Malaysia (X tons), Singapore (X tons) and the Philippines (X tons), together making up a 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclanes, cyclenes and cycloterpenes importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Vietnam ($X), with a combined 83% share of total imports. These countries were followed by Malaysia and the Philippines, which together accounted for a further 17%.

In terms of the main importing countries, the Philippines, with a CAGR of +26.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, increasing by 43% against the previous year. Overall, the import price, however, saw a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform