China: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in China

In 2021, the Chinese cyclohexanone and methylcyclohexanones market decreased by -45.4% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Production in China

In value terms, cyclohexanone and methylcyclohexanones production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 23%. Cyclohexanone and methylcyclohexanones production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from China

In 2021, overseas shipments of cyclohexanone and methylcyclohexanones increased by 53% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, exports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2019 with an increase of 454%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclohexanone and methylcyclohexanones exports skyrocketed to $X in 2021. In general, exports posted modest growth. The most prominent rate of growth was recorded in 2019 when exports increased by 249%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

India (X tons) was the main destination for cyclohexanone and methylcyclohexanones exports from China, accounting for a 30% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to India exceeded the volume sent to the second major destination, Japan (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.6% per year) and South Korea (+0.9% per year).

In value terms, India ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for cyclohexanone and methylcyclohexanones exported from China worldwide, together comprising 56% of total exports. These countries were followed by Thailand, Indonesia, Vietnam, Turkey and Brazil, which together accounted for a further 25%.

Among the main countries of destination, Thailand, with a CAGR of +22.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclohexanone and methylcyclohexanones export price stood at $X per ton in 2021, with an increase of 49% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Vietnam ($X per ton), while the average price for exports to South Korea ($X per ton) and Indonesia ($X per ton) were 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 (+4.2%), while the prices for the other major destinations experienced a decline.

Cyclohexanone And Methylcyclohexanones Imports

Imports into China

In 2021, after two years of decline, there was significant growth in overseas purchases of cyclohexanone and methylcyclohexanones, when their volume increased by 49% to X tons. Over the period under review, imports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2017 with an increase of 7,819%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports surged to $X in 2021. Overall, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 4,876%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), India (X tons) and Japan (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to China, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +103.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexanone and methylcyclohexanones suppliers to China were Belgium ($X), Japan ($X) and India ($X), together comprising 83% of total imports.

In terms of the main suppliers, India, with a CAGR of +100.4%, recorded 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 cyclohexanone and methylcyclohexanones import price amounted to $X per ton, reducing by -10.4% against the previous year. Over the period under review, the import price, however, showed a strong increase. The growth pace was the most rapid in 2020 an increase of 368% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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