Northern America: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Northern America

The North American cyclic hydrocarbons market surged to $X in 2021, picking up by 27% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +11.0% 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 -0.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Cyclic Hydrocarbons Production in Northern America

In value terms, cyclic hydrocarbons production soared to $X in 2021 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 99% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in Northern America

Cyclic hydrocarbons exports reduced to X tons in 2021, which is down by -5.9% against the previous year. In general, exports showed a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports rose rapidly to $X in 2021. Over the period under review, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of 9.4% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States represented the main exporting country with an export of around X tons, which resulted at 62% of total exports. It was distantly followed by Canada (X tons), making up a 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of -2.2%).

In value terms, the United States ($X) remains the largest cyclic hydrocarbons supplier in Northern America, comprising 80% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -5.0%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2019 an increase of 19%. Over the period under review, the export prices attained the peak figure 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 amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.2%).

Cyclic Hydrocarbons Imports

Imports in Northern America

In 2021, the amount of other cyclic hydrocarbons imported in Northern America surged to X tons, growing by 50% on the year before. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% 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 +64.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the major importer of other cyclic hydrocarbons, generating 90% of total imports. It was distantly followed by Canada (X tons), creating a 10% share of total imports.

The United States was also the fastest-growing in terms of the other cyclic hydrocarbons imports, with a CAGR of +2.5% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +2.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported other cyclic hydrocarbons in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

In the United States, cyclic hydrocarbons imports decreased by an average annual rate of -2.2% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 6.7% against the previous year. In general, the import price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 17%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.8%).

Source: IndexBox Platform

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