Southern Asia: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Southern Asia

The South Asian cyclohexanone and methylcyclohexanones market soared to $X in 2021, picking up by 49% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.7% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Cyclohexanone And Methylcyclohexanones Production in Southern Asia

In value terms, cyclohexanone and methylcyclohexanones production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports in Southern Asia

In 2021, shipments abroad of cyclohexanone and methylcyclohexanones increased by 51% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 143%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 95%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of cyclohexanone and methylcyclohexanones, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the cyclohexanone and methylcyclohexanones exports, with a CAGR of -3.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cyclohexanone and methylcyclohexanones supplier in Southern Asia.

In India, cyclohexanone and methylcyclohexanones exports shrank by an average annual rate of -6.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -23.2% against the previous year. In general, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 an increase of 54%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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 -3.1% per year.

Cyclohexanone And Methylcyclohexanones Imports

Imports in Southern Asia

Cyclohexanone and methylcyclohexanones imports soared to X tons in 2021, rising by 21% compared with 2020 figures. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.0% against 2012 indices. The pace of growth was the most pronounced in 2013 when imports increased by 33% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, cyclohexanone and methylcyclohexanones imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% 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

India prevails in imports structure, recording X tons, which was approx. 93% of total imports in 2021. Pakistan (X tons) and Bangladesh (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cyclohexanone and methylcyclohexanones imports into India stood at +8.6%. At the same time, Pakistan (+15.3%) and Bangladesh (+14.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.3% from 2012-2021. Pakistan (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -1.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cyclohexanone and methylcyclohexanones in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India stood at +6.2%. In the other countries, the average annual rates were as follows: Pakistan (+10.7% per year) and Bangladesh (+10.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 56% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Pakistan ($X per ton), while Bangladesh ($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 (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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