Hong Kong SAR, China: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Hong Kong SAR, China

The Hong Kong cyclanes, cyclenes and cycloterpenes market amounted to $X in 2021, with an increase of 2.9% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Hong Kong SAR, China

In value terms, cyclanes, cyclenes and cycloterpenes production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 54% against the previous year. Cyclanes, cyclenes and cycloterpenes production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Hong Kong SAR, China

In 2021, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 260% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 402%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 274% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and Australia (X tons) were the main destinations of cyclanes, cyclenes and cycloterpenes exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of 0.0%).

In value terms, China ($X) remains the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -12.1%.

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, which is down by -49.3% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 66%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+16.1%).

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Hong Kong SAR, China

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were imported into Hong Kong SAR; which is down by -26.2% compared with the previous year. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 448% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes imports rose to $X in 2021. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2015 with an increase of 263% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Hong Kong SAR, accounting for a 50% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.0% per year) and China (-2.6% per year).

In value terms, the largest cyclanes, cyclenes and cycloterpenes suppliers to Hong Kong SAR were Germany ($X), the United States ($X) and Japan ($X), with a combined 82% share of total imports.

Japan, with a CAGR of +52.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, jumping by 39% against the previous year. In general, the import price continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 91%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Japan ($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) (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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