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

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

The South Asian cyclanes, cyclenes and cycloterpenes market rose rapidly to $X in 2021, surging by 10% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

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

In value terms, cyclanes, cyclenes and cycloterpenes production fell slightly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value 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, production increased by +71.0% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 22%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in Southern Asia

In 2021, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -21% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 135%. The volume of export peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports surged to $X in 2021. Overall, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 111% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports, with a CAGR of +14.0% from 2012 to 2021. India (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cyclanes, cyclenes and cycloterpenes supplier in Southern Asia.

In India, cyclanes, cyclenes and cycloterpenes exports increased at an average annual rate of +18.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 62% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclanes, cyclenes and cycloterpenes export price increased by +79.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.6% per year.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in Southern Asia

In 2021, imports of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in Southern Asia surged to X tons, rising by 24% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, cyclanes, cyclenes and cycloterpenes imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, resulting at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Pakistan (X tons), comprising a 6.9% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cyclanes, cyclenes and cycloterpenes imports into India stood at +1.6%. At the same time, Bangladesh (+38.7%) and Pakistan (+12.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +38.7% from 2012-2021. Pakistan (+3.9 p.p.) and Bangladesh (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -5.5% from 2012 to 2021, respectively.

In value terms, India ($X) constitutes the largest market for imported cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in Southern Asia, comprising 95% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +7.0%. In the other countries, the average annual rates were as follows: Pakistan (+14.2% per year) and Bangladesh (+39.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 34% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclanes, cyclenes and cycloterpenes import price decreased by -22.9% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 38% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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