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

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

In 2021, after five years of growth, there was decline in the EU cyclanes, cyclenes and cycloterpenes market, when its value decreased by -3.7% to $X. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.5% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

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

In value terms, cyclanes, cyclenes and cycloterpenes production reduced to $X in 2021 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 34%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in the EU

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were exported in the European Union; growing by 17% against 2020 figures. Total exports indicated a mild expansion from 2012 to 2021: its volume 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, exports increased by +55.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 32%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, cyclanes, cyclenes and cycloterpenes exports expanded remarkably to $X in 2021. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of 10%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), namely Belgium, Germany and the Netherlands, represented more than two-thirds of total export. It was distantly followed by France (X tons), achieving an 11% share of total exports. Spain (X tons) and Italy (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cyclanes, cyclenes and cycloterpenes supplier in the European Union, comprising 50% of total exports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total exports. It was followed by the Netherlands, with a 12% share.

In Germany, cyclanes, cyclenes and cycloterpenes exports decreased by an average annual rate of -4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (-1.4% per year) and the Netherlands (-0.1% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, declining by -6.4% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the export price increased by 8.7%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in the EU

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) imported in the European Union rose notably to X tons, growing by 14% against the year before. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons), France (X tons) and the Netherlands (X tons) represented roughly 77% of total imports in 2021. Italy (X tons) held an 8.4% share (based on physical terms) of total imports, which put it in second place, followed by Spain (4.9%). Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for 60% of total imports. Belgium, Italy, Spain and Poland lagged somewhat behind, together comprising a further 33%.

Poland, with a CAGR of +10.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 20% against the previous year. In general, the import price, however, saw a pronounced slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Spain ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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