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

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

For the fifth consecutive year, the MERCOSUR cyclanes, cyclenes and cycloterpenes market recorded growth in sales value, which increased by 0.9% to $X in 2021. Over the period under review, consumption, however, showed mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 9.1%. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

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

In value terms, cyclanes, cyclenes and cycloterpenes production reached $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in MERCOSUR

In 2021, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were finally on the rise to reach X tons after three years of decline. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 78%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. Overall, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2014 when exports increased by 97%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was near 93% of total exports in 2021. It was distantly followed by Chile (X tons), comprising a 6.5% share of total exports.

Brazil was also the fastest-growing in terms of the cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports, with a CAGR of +2.1% from 2012 to 2021. At the same time, Chile (+1.5%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest cyclanes, cyclenes and cycloterpenes supplier in MERCOSUR, comprising 85% of total exports. The second position in the ranking was taken by Chile ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled -1.5%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-0.8%).

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in MERCOSUR

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) imported in MERCOSUR skyrocketed to X tons, jumping by 39% against the year before. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes imports soared to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) represented the key importer of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), making up 77% of total imports. Colombia (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Chile (5.4%). The following importers - Argentina (X tons) and Ecuador (X tons) - each accounted for a 3.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cyclanes, cyclenes and cycloterpenes imports into Brazil stood at +4.7%. At the same time, Colombia (+15.3%), Ecuador (+10.9%), Argentina (+9.4%) and Chile (+7.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +15.3% from 2012-2021. Colombia (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in MERCOSUR, comprising 69% of total imports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total imports. It was followed by Chile, with a 5.3% share.

In Brazil, cyclanes, cyclenes and cycloterpenes imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+10.9% per year) and Chile (+10.0% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, picking up by 20% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform