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

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

In 2021, the Indian cyclanes, cyclenes and cycloterpenes market increased by 10% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cyclanes, cyclenes and cycloterpenes consumption peaked in 2021 and is expected to retain growth in the immediate term.

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

In value terms, cyclanes, cyclenes and cycloterpenes production declined to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.2% against 2012 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Cyclanes, cyclenes and cycloterpenes production peaked at $X in 2020, and then shrank modestly in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from India

In 2021, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -21% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 140% against the previous year. The exports peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports skyrocketed to $X in 2021. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 112% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from India, with a 24% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to Belgium exceeded the volume sent to the second major destination, Myanmar (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+57.2% per year) and the United States (+13.8% per year).

In value terms, the United States ($X), Poland ($X) and Japan ($X) appeared to be the largest markets for cyclanes, cyclenes and cycloterpenes exported from India worldwide, with a combined 47% share of total exports.

Japan, with a CAGR of +70.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes export price amounted to $X per ton, growing by 62% against the previous year. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclanes, cyclenes and cycloterpenes export price increased by +79.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into India

Cyclanes, cyclenes and cycloterpenes imports into India skyrocketed to X tons in 2021, increasing by 25% compared with the previous year. The total import volume increased at an average annual rate of +1.6% 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.

In value terms, cyclanes, cyclenes and cycloterpenes imports skyrocketed to $X in 2021. Overall, imports enjoyed buoyant growth. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and South Korea (X tons) were the main suppliers of cyclanes, cyclenes and cycloterpenes imports to India, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Brazil ($X) were the largest cyclanes, cyclenes and cycloterpenes suppliers to India, with a combined 74% share of total imports.

The United States, with a CAGR of +34.7%, saw the highest growth rate of 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

The average cyclanes, cyclenes and cycloterpenes import price stood at $X per ton in 2021, jumping by 35% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclanes, cyclenes and cycloterpenes import price decreased by -24.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Indonesia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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