Asia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Asia

The Asian cyclic hydrocarbons market contracted slightly to $X in 2022, flattening at the previous year. In general, consumption showed a slight curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Cyclic Hydrocarbons Production in Asia

In value terms, cyclic hydrocarbons production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports in Asia

In 2022, the amount of cyclic hydrocarbons exported in Asia contracted to X tons, standing approx. at the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports stood at $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea represented the largest exporter of cyclic hydrocarbons in Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%), Saudi Arabia (X%), Singapore (X%), Taiwan (Chinese) (X%), Brunei Darussalam (X%), China (X%) and Kuwait (X%).

Exports from South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, Brunei Darussalam (X.0%), China (X%), India (X%), Taiwan (Chinese) (X%), Saudi Arabia (X%), Singapore (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X.0% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. Brunei Darussalam (X p.p.), China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Korea, cyclic hydrocarbons exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other leaders experienced a decline in the export price figures.

Cyclic Hydrocarbons Imports

Imports in Asia

In 2022, supplies from abroad of cyclic hydrocarbons decreased by X% to X tons, falling for the fourth year in a row after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports amounted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China was the largest importing country with an import of about X tons, which reached X% of total imports. Taiwan (Chinese) (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and South Korea (X%). The following importers - Indonesia (X tons), Turkey (X tons) and Malaysia (X tons) - each accounted for an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons imports into China stood at X%. At the same time, Turkey (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cyclic hydrocarbons in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

In China, cyclic hydrocarbons imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :