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

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

The East Asian cyclanes, cyclenes and cycloterpenes market was estimated at $X in 2021, rising by 5.1% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

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

In value terms, cyclanes, cyclenes and cycloterpenes production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in Eastern Asia

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exported in Eastern Asia surged to X tons, jumping by 19% against the previous year. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 43% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and South Korea (X tons) represented roughly 69% of total exports in 2021. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with a 16% share, followed by Japan (16%).

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +47.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest cyclanes, cyclenes and cycloterpenes supplier in Eastern Asia, comprising 50% of total exports. The second position in the ranking was held by South Korea ($X), with a 23% share of total exports. It was followed by Japan, with a 17% share.

In China, cyclanes, cyclenes and cycloterpenes exports increased at an average annual rate of +2.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+6.4% per year) and Japan (-3.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 20% against the previous year. In general, the export price, however, saw a pronounced decrease. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in Eastern Asia

In 2021, purchases abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -3.6% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports reached the peak of X tons, and then fell modestly in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes imports reduced modestly to $X in 2021. Over the period under review, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2014 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea represented the largest importing country with an import of around X tons, which recorded 55% of total imports. China (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Japan (12%) and Taiwan (Chinese) (7.9%).

South Korea was also the fastest-growing in terms of the cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) imports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+9.2%) and Japan (+5.9%) displayed positive paces of growth. By contrast, China (-7.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea, Taiwan (Chinese) and Japan increased by +30, +3.4 and +3 percentage points, respectively.

In value terms, the largest cyclanes, cyclenes and cycloterpenes importing markets in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), together accounting for 85% of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +28.2%, 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 a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 23%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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