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

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

In 2021, the Uruguayan cyclanes, cyclenes and cycloterpenes market decreased by -3.4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +93.1% against 2015 indices. Cyclanes, cyclenes and cycloterpenes consumption peaked at $X in 2020, and then fell modestly in the following year.

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

In value terms, cyclanes, cyclenes and cycloterpenes production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 69%. Cyclanes, cyclenes and cycloterpenes production peaked at $X in 2020, and then dropped in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Uruguay

In 2021, exports of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) from Uruguay soared to X tons, picking up by 31% on 2020. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 585%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes exports declined to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,760%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Uruguay, accounting for a approx. 4.4% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to the Netherlands amounted to -74.2%.

In value terms, the Netherlands ($X) also remains the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Uruguay.

From 2013 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to -74.4%.

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, shrinking by -29.1% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 172% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 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 the Netherlands.

From 2013 to 2021, the rate of growth in terms of prices for the Netherlands amounted to -0.9% per year.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Uruguay

Cyclanes, cyclenes and cycloterpenes imports into Uruguay surged to X kg in 2021, rising by 33% against the year before. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 1,967%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cyclanes, cyclenes and cycloterpenes imports reduced to $X in 2021. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 2,936% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X kg) was the main supplier of cyclanes, cyclenes and cycloterpenes to Uruguay, with a 92% share of total imports. It was followed by the UK (X kg), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea amounted to -5.8%.

In value terms, South Korea ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Uruguay, comprising 75% of total imports. The second position in the ranking was taken by the UK ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to +8.9%.

Import Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, falling by -34.3% against the previous year. In general, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2017 an increase of 94%. The import price peaked at $X per ton in 2018; however, from 2019 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 UK ($X per ton), while the price for South Korea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.6%).

Source: IndexBox Platform

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