India: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in India

The Indian cyclic hydrocarbons market plummeted to $X in 2021, shrinking by -33.3% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in India

In value terms, cyclic hydrocarbons production contracted notably to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2013 when the production volume increased by 63%. Cyclic hydrocarbons production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from India

For the third year in a row, India recorded growth in overseas shipments of other cyclic hydrocarbons, which increased by 6.6% to X tons in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% 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 +33.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 22%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for cyclic hydrocarbons exports from India, with a 39% share of total exports. Moreover, cyclic hydrocarbons exports to China exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.2% per year) and Japan (+61.3% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) constituted the largest markets for cyclic hydrocarbons exported from India worldwide, together comprising 66% of total exports. The Netherlands, Saudi Arabia, Belgium, France, Germany and South Korea lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +121.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Belgium ($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 the United States (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into India

In 2021, after two years of decline, there was significant growth in overseas purchases of other cyclic hydrocarbons, when their volume increased by 46% to X tons. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 291% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports surged to $X in 2021. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 277%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest cyclic hydrocarbons supplier to India, accounting for a 61% share of total imports. Moreover, cyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. Brazil (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.9% per year) and Brazil (+116.2% per year).

In value terms, China ($X) constituted the largest supplier of other cyclic hydrocarbons to India, comprising 62% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.3% share of total imports. It was followed by Brazil, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.8% per year) and Brazil (+103.2% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the import price, however, showed a slight slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :