South-Eastern Asia: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in the Southeast Asian cyclanes, cyclenes and cycloterpenes market, when its value increased by 17% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in South-Eastern Asia

In value terms, cyclanes, cyclenes and cycloterpenes production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 73% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in South-Eastern Asia

In 2021, shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) increased by 440% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous curtailment. The volume of export 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. In general, exports, however, recorded a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the major exporter of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in South-Eastern Asia, with the volume of exports recording X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Singapore (X tons), making up a 10% share of total exports. Thailand (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cyclanes, cyclenes and cycloterpenes exports from Indonesia stood at -18.8%. Thailand experienced a relatively flat trend pattern. Singapore (-39.4%) illustrated a downward trend over the same period. Indonesia (+49 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -50.8% from 2012 to 2021, respectively.

In value terms, Indonesia ($X) emerged as the largest cyclanes, cyclenes and cycloterpenes supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by Singapore ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Indonesia totaled -10.0%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 15% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2013 an increase of 45%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+19.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in South-Eastern Asia

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were imported in South-Eastern Asia; growing by 11% compared with the previous year. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Vietnam (X tons) and Indonesia (X tons) represented the main importer of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in South-Eastern Asia, generating 79% of total import. Malaysia (X tons) held the next position in the ranking, followed by Singapore (X tons) and the Philippines (X tons). All these countries together took approx. 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 83% of total imports. Malaysia and the Philippines lagged somewhat behind, together accounting for a further 17%.

In terms of the main importing countries, the Philippines, with a CAGR of +26.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 43% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The level of import peaked 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 Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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