Asia-Pacific: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Asia-Pacific

The Asia-Pacific cyclanes, cyclenes and cycloterpenes market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Asia-Pacific

In value terms, cyclanes, cyclenes and cycloterpenes production rose significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in Asia-Pacific

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exported in Asia-Pacific soared to X tons, picking up by 19% compared with 2020. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and South Korea (X tons) represented the key exporters of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in 2021, resulting at approx. 39% and 27% of total exports, respectively. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with a 15% share, followed by Japan (15%). India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +47.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest cyclanes, cyclenes and cycloterpenes supplier in Asia-Pacific, comprising 45% of total exports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total exports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +2.1%. In the other countries, the average annual rates were as follows: South Korea (+6.4% per year) and Japan (-3.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 23% against the previous year. In general, the export price, however, showed a noticeable reduction. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in Asia-Pacific

In 2021, supplies from abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 5.2% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, cyclanes, cyclenes and cycloterpenes imports expanded rapidly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 27%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) and India (X tons) were the main importers of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in Asia-Pacific, together finishing at approx. 56% of total imports. It was distantly followed by China (X tons), Japan (X tons), Thailand (X tons) and Vietnam (X tons), together achieving a 30% share of total imports. Taiwan (Chinese) (X tons) held a minor 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 South Korea (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports.

Taiwan (Chinese), with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Asia-Pacific stood at $X per ton in 2021, with an increase of 7.3% against the previous year. Overall, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 an increase of 26%. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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