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

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

In 2021, the Canadian cyclanes, cyclenes and cycloterpenes market increased by 12% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.4% against 2019 indices. Cyclanes, cyclenes and cycloterpenes consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

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

In value terms, cyclanes, cyclenes and cycloterpenes production declined remarkably to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 101%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Canada

Cyclanes, cyclenes and cycloterpenes exports from Canada contracted to X tons in 2021, falling by -13.3% compared with 2020 figures. In general, exports saw a deep slump. The growth pace was the most rapid in 2020 with an increase of 101% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports expanded sharply to $X in 2021. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 59%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of cyclanes, cyclenes and cycloterpenes exports from Canada, together accounting for 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +120.6%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Canada, comprising 69% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 26% share of total exports. It was followed by Germany, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.7% per year) and Germany (+106.4% per year).

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, rising by 30% against the previous year. In general, the export price posted temperate growth. The pace of growth appeared the most rapid in 2017 an increase of 37%. 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 the United States ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+5.7%), while the prices for the other major destinations experienced a decline.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Canada

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were imported into Canada; rising by 43% on 2020 figures. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 56% against the previous year. Imports peaked 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. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 66% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Canada, accounting for a 50% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+16.3% per year) and Brazil (+17.9% per year).

In value terms, the largest cyclanes, cyclenes and cycloterpenes suppliers to Canada were the United States ($X), South Korea ($X) and Brazil ($X), with a combined 75% share of total imports. Germany, Japan, China and Saudi Arabia lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Germany, with a CAGR of +42.7%, recorded the highest growth rate of 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, growing by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 30% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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