Asia-Pacific: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Asia-Pacific

The Asia-Pacific cyclic hydrocarbons market reduced to $X in 2022, approximately reflecting the previous year. Overall, consumption showed a mild decrease. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Production in Asia-Pacific

In value terms, cyclic hydrocarbons production dropped to $X in 2022 estimated in export price. In general, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 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-Pacific

In 2022, the amount of cyclic hydrocarbons exported in Asia-Pacific shrank to X tons, with a decrease of X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports stood at $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Korea (X tons) represented the largest exporter of cyclic hydrocarbons, committing X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%), Singapore (X%), Taiwan (Chinese) (X%), Brunei Darussalam (X%) and China (X%). Thailand (X tons) took a little share of total exports.

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

In value terms, South Korea ($X) remains the largest cyclic hydrocarbons supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a 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. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, 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 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-Pacific

In 2022, imports of cyclic hydrocarbons in Asia-Pacific dropped to X tons, which is down by X% on 2021. The total import volume increased at an average annual rate of X% 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% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports reached $X in 2022. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) represented the main importer of cyclic hydrocarbons, comprising X% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), India (X tons) and South Korea (X tons), together making up a X% share of total imports. Indonesia (X tons), Malaysia (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons imports into China stood at X%. At the same time, India (X%), Malaysia (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, 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. From 2012 to 2022, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cyclic hydrocarbons in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by India ($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. In the other countries, the average annual rates were as follows: India (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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