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

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

In 2021, after two years of growth, there was decline in the Portuguese cyclanes, cyclenes and cycloterpenes market, when its value decreased by -1.7% to $X. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank modestly in the following year.

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

In value terms, cyclanes, cyclenes and cycloterpenes production totaled $X in 2021 estimated in export price. In general, production continues to indicate a drastic downturn. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Portugal

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were exported from Portugal; increasing by 32% against the previous year. Over the period under review, exports, however, faced a sharp decline. The pace of growth was the most pronounced in 2015 when exports increased by 210%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. Overall, exports, however, saw a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 123%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) and the United States (X tons) were the main destinations of cyclanes, cyclenes and cycloterpenes exports from Portugal.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of -12.1%).

In value terms, the United States ($X) remains the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Portugal, comprising 72% of total exports. The second position in the ranking was taken by Spain ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -6.2%.

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, growing by 2.8% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 123%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+65.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Portugal

In 2021, supplies from abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -14.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 45%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Portugal, with a 71% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.2% per year) and New Zealand (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Portugal, comprising 61% of total imports. The second position in the ranking was held by Spain ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.1% per year) and New Zealand (0.0% per year).

Import Prices by Country

The average cyclanes, cyclenes and cycloterpenes import price stood at $X per ton in 2021, rising by 49% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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