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

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

In 2021, after two years of decline, there was significant growth in the Belgian cyclanes, cyclenes and cycloterpenes market, when its value increased by 145% to $X. In general, consumption posted resilient growth. Cyclanes, cyclenes and cycloterpenes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, cyclanes, cyclenes and cycloterpenes production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a deep contraction. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), which increased by 15% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 135%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. In general, exports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 86% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), South Korea (X tons) and China (X tons) were the main destinations of cyclanes, cyclenes and cycloterpenes exports from Belgium, with a combined 59% share of total exports. These countries were followed by Germany, Italy, France, the United States, Brazil, Poland, Spain, Finland and the UK, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +41.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclanes, cyclenes and cycloterpenes exported from Belgium were the Netherlands ($X), France ($X) and Italy ($X), with a combined 50% share of total exports. China, South Korea, Germany, Brazil, the United States, Poland, Spain, the UK and Finland lagged somewhat behind, together comprising a further 36%.

China, with a CAGR of +31.9%, saw the highest growth rate of the value of exports, among the main countries of destination 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, picking up by 21% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the 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 France ($X per ton), while the average price for exports to Finland ($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 France (+17.0%), while the prices for the other major destinations experienced a decline.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Belgium

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were imported into Belgium; rising by 31% against the year before. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 53% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), the Netherlands (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of cyclanes, cyclenes and cycloterpenes imports to Belgium, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +385.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclanes, cyclenes and cycloterpenes suppliers to Belgium were Japan ($X), the Netherlands ($X) and the United States ($X), together comprising 58% of total imports. These countries were followed by South Korea, Taiwan (Chinese), China, Germany and France, which together accounted for a further 36%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +367.0%, saw the highest rates of growth with regard to 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

In 2021, the average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the import price, however, showed a deep setback. The import price 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 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 China (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :