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

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

The Greek cyclanes, cyclenes and cycloterpenes market amounted to $X in 2021, surging by 11% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, cyclanes, cyclenes and cycloterpenes production rose sharply to $X in 2021 estimated in export price. Overall, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs 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 from Greece

In 2021, approx. X kg of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were exported from Greece; with a decrease of -96.5% against the previous year. Over the period under review, exports showed a deep setback. The exports peaked at X kg in 2020, and then declined notably in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports shrank notably to $X in 2021. In general, exports recorded a precipitous curtailment. The exports peaked at $X in 2020, and then shrank sharply in the following year.

Exports by Country

Bulgaria (X kg) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Greece, with a 75% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to Bulgaria exceeded the volume sent to the second major destination, Romania (X kg), threefold.

From 2015 to 2021, the average annual growth rate of volume to Bulgaria was relatively modest.

In value terms, Romania ($X) emerged as the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Greece, comprising 74% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 26% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to Romania was relatively modest.

Export Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes export price amounted to $X per ton, dropping by -9% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+12.5%).

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Greece

For the fourth year in a row, Greece recorded growth in overseas purchases of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), which increased by 221% to X tons in 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 350%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, cyclanes, cyclenes and cycloterpenes imports soared to $X in 2021. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 307%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of cyclanes, cyclenes and cycloterpenes imports to Greece, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +77.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Greece, comprising 64% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Spain, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.5% per year) and Spain (+8.2% per year).

Import Prices by Country

The average cyclanes, cyclenes and cycloterpenes import price stood at $X per ton in 2021, waning by -15.6% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 849% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a 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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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