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

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

In 2021, after two years of decline, there was growth in the Brazilian cyclanes, cyclenes and cycloterpenes market, when its value increased by 2.9% to $X. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, cyclanes, cyclenes and cycloterpenes production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 47% against the previous year. Cyclanes, cyclenes and cycloterpenes production peaked 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 Brazil

In 2021, shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 2.3% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +6.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 83%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes exports rose rapidly to $X in 2021. Over the period under review, exports, however, showed a slight decrease. The pace of growth appeared the most rapid in 2014 with an increase of 103%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Brazil, with a 62% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to the United States exceeded the volume sent to the second major destination, India (X tons), fourfold. Mexico (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+48.4% per year) and Mexico (+29.2% per year).

In value terms, the United States ($X) remains the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Brazil, comprising 49% of total exports. The second position in the ranking was taken by India ($X), with a 22% share of total exports. It was followed by Spain, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+46.2% per year) and Spain (+5.6% per year).

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, growing by 11% against the previous year. In general, the export price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Mexico ($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 Spain (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Brazil

Cyclanes, cyclenes and cycloterpenes imports into Brazil skyrocketed to X tons in 2021, rising by 36% compared with the year before. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% 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 +73.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Belgium (X tons) and India (X tons) were the main suppliers of cyclanes, cyclenes and cycloterpenes imports to Brazil, with a combined 68% share of total imports. These countries were followed by China, France, Germany, Japan and the United States, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), South Korea ($X) and India ($X) were the largest cyclanes, cyclenes and cycloterpenes suppliers to Brazil, together comprising 68% of total imports. China, France, Germany, the United States and Japan lagged somewhat behind, together accounting for a further 24%.

China, with a CAGR of +27.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, surging by 30% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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