India: Cyclohexane Market 2024

Cyclohexane Market Size in India

In 2021, the Indian cyclohexane market increased by 4.7% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, continues to indicate a slight curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cyclohexane Production in India

In value terms, cyclohexane production rose modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2013 with an increase of 4.8% against the previous year. Cyclohexane production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cyclohexane Exports

Exports from India

Cyclohexane exports from India declined rapidly to X tons in 2021, with a decrease of -27.6% on 2020. Overall, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 179%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted dramatically in the following year.

In value terms, cyclohexane exports soared to $X in 2021. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 283%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for cyclohexane exports from India, with a 58% share of total exports. Moreover, cyclohexane exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+19.9% per year) and South Korea (+35.7% per year).

In value terms, Belgium ($X) remains the key foreign market for cyclohexane exports from India, comprising 62% of total exports. The second position in the ranking was held by Spain ($X), with a 28% share of total exports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+16.0% per year) and South Korea (+28.9% per year).

Export Prices by Country

The average cyclohexane export price stood at $X per ton in 2021, rising by 63% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Korea ($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 Thailand (-0.1%), while the prices for the other major destinations experienced a decline.

Cyclohexane Imports

Imports into India

Cyclohexane imports into India amounted to X tons in 2021, surging by 5.1% compared with the previous year. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 447%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cyclohexane imports surged to $X in 2021. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 167% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of cyclohexane to India, accounting for a 73% share of total imports. Moreover, cyclohexane imports from Thailand exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+25.3% per year) and South Korea (+13.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of cyclohexane to India, comprising 78% of total imports. The second position in the ranking was taken by Singapore ($X), with a 10% share of total imports. It was followed by China, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+9.5% per year) and China (-5.0% per year).

Import Prices by Country

The average cyclohexane import price stood at $X per ton in 2021, growing by 42% against the previous year. In general, the import price, however, saw a deep downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 China ($X per ton), while the price for Singapore ($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 (-10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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