Ukraine: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Ukraine

After four years of decline, the Ukrainian cyclic hydrocarbons market increased by 15% to $X in 2021. Over the period under review, consumption, however, continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Cyclic Hydrocarbons Production in Ukraine

In value terms, cyclic hydrocarbons production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 decreased by -39.6% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 41%. Cyclic hydrocarbons production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Ukraine

In 2021, the amount of other cyclic hydrocarbons exported from Ukraine soared to X tons, rising by 473% against the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 7,862%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 4,536% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cyclic hydrocarbons exports from Ukraine, accounting for a 62% share of total exports. Moreover, cyclic hydrocarbons exports to the United States exceeded the volume sent to the second major destination, Latvia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +87.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+58.4% per year) and Japan (+155.0% per year).

In value terms, the United States ($X) remains the key foreign market for other cyclic hydrocarbons exports from Ukraine, comprising 37% of total exports. The second position in the ranking was taken by Latvia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+12.7% per year) and Japan (+50.4% per year).

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per kg in 2021, declining by -2.9% against the previous year. Over the period under review, the export price continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 161,446%. Over the period under review, the average export prices hit record highs at $X per kg in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the United States ($X per kg), while the average price for exports to Latvia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-26.9%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Ukraine

In 2021, the amount of other cyclic hydrocarbons imported into Ukraine dropped rapidly to X tons, with a decrease of -55.9% compared with 2020 figures. In general, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 2,282% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports dropped to $X in 2021. Over the period under review, imports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 184%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of cyclic hydrocarbons to Ukraine, accounting for a 90% share of total imports. Moreover, cyclic hydrocarbons imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Italy (X kg) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at -40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.5% per year) and Italy (+108.6% per year).

In value terms, the largest cyclic hydrocarbons suppliers to Ukraine were Italy ($X), Russia ($X) and Germany ($X), together comprising 88% of total imports.

Among the main suppliers, Italy, with a CAGR of +116.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, picking up by 99% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 178% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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