Southern Asia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Southern Asia

The South Asian cyclic hydrocarbons market declined remarkably to $X in 2021, falling by -23.7% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 -40.1% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Southern Asia

In value terms, cyclic hydrocarbons production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 63%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in shipments abroad of other cyclic hydrocarbons, which increased by 6.6% to X tons in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.8% against 2018 indices. The growth pace was the most rapid in 2019 when exports increased by 22% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, cyclic hydrocarbons exports surged to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 33%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from India (X tons), together recording 99.9% of total export.

India was also the fastest-growing in terms of the other cyclic hydrocarbons exports, with a CAGR of +6.1% 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 cyclic hydrocarbons supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +3.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 -2.1% per year.

Cyclic Hydrocarbons Imports

Imports in Southern Asia

In 2021, purchases abroad of other cyclic hydrocarbons was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 96%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 67%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Afghanistan (X tons) was the main importer of other cyclic hydrocarbons, constituting 78% of total imports. It was distantly followed by India (X tons), comprising a 22% share of total imports.

Afghanistan was also the fastest-growing in terms of the other cyclic hydrocarbons imports, with a CAGR of +32.1% from 2012 to 2021. At the same time, India (+6.7%) displayed positive paces of growth. Afghanistan (+44 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -41.3% from 2012 to 2021, respectively.

In value terms, the largest cyclic hydrocarbons importing markets in Southern Asia were Afghanistan ($X) and India ($X).

In terms of the main importing countries, Afghanistan, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 9.6% against the previous year. Overall, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Afghanistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+0.1%).

Source: IndexBox Platform

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