United Kingdom: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in the UK

The UK cyclanes, cyclenes and cycloterpenes market surged to $X in 2021, jumping by 28% against the previous year. In general, consumption, however, recorded a slight decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in the UK

In value terms, cyclanes, cyclenes and cycloterpenes production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. Cyclanes, cyclenes and cycloterpenes production peaked at $X in 2020, and then fell in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from the UK

In 2021, shipments abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -32.8% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 104% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes exports reduced to $X in 2021. Overall, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -37.9% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 87% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and India (X tons) were the main destinations of cyclanes, cyclenes and cycloterpenes exports from the UK, with a combined 43% share of total exports. The Netherlands, Spain, Turkey, Poland, Ireland, Denmark, the United Arab Emirates, Belgium, Egypt and Hong Kong SAR lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +1,667.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest markets for cyclanes, cyclenes and cycloterpenes exported from the UK worldwide, together comprising 38% of total exports. These countries were followed by India, Turkey, Spain, Egypt, the United Arab Emirates, Poland, Denmark, Ireland, Belgium and Hong Kong SAR, which together accounted for a further 24%.

Hong Kong SAR, with a CAGR of +232.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, increasing by 48% against the previous year. Over the period under review, the export price enjoyed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into the UK

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were imported into the UK; with an increase of 2.6% on 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. Overall, imports, however, saw a mild shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of cyclanes, cyclenes and cycloterpenes imports to the UK, with a combined 76% share of total imports. These countries were followed by Russia, Finland, Germany, France, Belgium and the United States, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclanes, cyclenes and cycloterpenes suppliers to the UK were South Korea ($X), the Netherlands ($X) and China ($X), with a combined 68% share of total imports. Germany, France, Russia, the United States, Finland and Belgium lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Finland, with a CAGR of +23.8%, saw the highest growth rate of 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 average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, picking up by 27% against the previous year. In general, the import price, however, showed a pronounced descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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