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China - Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

China - Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 23, 2023

China's Cyclic Hydrocarbons Price Grows 2%, Averaging $1,033 per Ton

China Cyclic Hydrocarbons Import Price in March 2023

In March 2023, the cyclic hydrocarbons price stood at $1,033 per ton (CIF, China), increasing by 2.4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 6.3% against the previous month. Over the period under review, average import prices hit record highs at $1,325 per ton in June 2022; however, from July 2022 to March 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2023, the countries with the highest prices were Saudi Arabia ($1,092 per ton) and Singapore ($1,078 per ton), while the price for Thailand ($961 per ton) and Brunei Darussalam ($1,005 per ton) were amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), while the prices for the other major suppliers experienced a decline.

COUNTRYImport Price of Cyclic Hydrocarbons in China (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Saudi Arabia1,1931,2831,3471,3631,3601,2971,1691,0941,0009691,0291,0281,092
Singapore1,2111,2911,3011,3671,2841,1081,0771,0499878919911,0531,078
Kuwait1,1571,2051,3171,313< 0.11,0781,0581,0701,0299629531,0851,051
Japan1,1261,1741,2171,2831,2521,1451,0831,0641,0219609399991,042
Vietnam1,1361,1911,2751,3161,2091,1001,0361,0669699449969531,018
Malaysia1,085< 0.11,2571,3551,1981,0821,0451,0059799349501,0051,012
South Korea1,1151,1641,2341,2881,2301,1111,0421,0429779359279951,011
Brunei Darussalam1,1851,1521,2411,3461,2081,0941,0461,0239729129641,0271,005
Thailand1,1111,1861,2481,2629,0431,061976921911914928984961
Average1,1501,1951,2641,3251,2621,1341,0671,0499869429491,0091,033

China Cyclic Hydrocarbons Imports

In March 2023, after two months of growth, there was decline in supplies from abroad of cyclic hydrocarbons, when their volume decreased by -0.1% to 1.3M tons. Overall, imports recorded a pronounced decline. The pace of growth was the most pronounced in August 2022 when imports increased by 36% month-to-month.

In value terms, cyclic hydrocarbons imports reached $1.3B (IndexBox estimates) in March 2023. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in August 2022 with an increase of 22% m-o-m.

China Cyclic Hydrocarbons Imports by Country

In March 2023, South Korea (530K tons) constituted the largest supplier of cyclic hydrocarbons to China, accounting for a 41% share of total imports. Moreover, cyclic hydrocarbons imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (243K tons), twofold. Saudi Arabia (75K tons) ranked third in terms of total imports with a 5.9% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of volume from South Korea stood at -2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.8% per month) and Saudi Arabia (-3.0% per month).

In value terms, South Korea ($535M) constituted the largest supplier of cyclic hydrocarbons to China, comprising 40% of total imports. The second position in the ranking was taken by Japan ($253M), with a 19% share of total imports. It was followed by Saudi Arabia, with a 6.2% share.

From March 2022 to March 2023, the average monthly growth rate of value from South Korea totaled -3.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-1.4% per month) and Saudi Arabia (-3.7% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cyclic hydrocarbons market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20141213 - Cyclohexane
  • Prodcom 20141215 - Cyclanes, cyclenes and cycloterpenes (excluding cyclohexane)
  • Prodcom 20141223 - Benzene
  • Prodcom 20141225 - Toluene
  • Prodcom 20141243 - o-Xylene
  • Prodcom 20141245 - p-Xylene
  • Prodcom 20141247 - m-Xylene and mixed xylene isomers
  • Prodcom 20141250 - Styrene
  • Prodcom 20141260 - Ethylbenzene
  • Prodcom 20141270 - Cumene
  • Prodcom 20141290 - Other cyclic hydrocarbons

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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