Aldehydes Cyclic Polymers Market

The article provides detailed insights into the global market for cyclic polymers of aldehydes, including consumption trends, production statistics, and import/export data. The forecasted growth in market volume and value over the next eight years is analyzed, with key highlights including a projected CAGR of +6.2% for volume and +8.4% for value. Countries with the highest consumption, production, import, and export volumes are also identified, along with notable growth rates and price trends over the past decade.

Market Forecast

Driven by increasing demand for cyclic polymers of aldehydes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market volume to 60K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.4% for the period from 2022 to 2030, which is projected to bring the market value to $302M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Cyclic Polymers Of Aldehydes

In 2022, consumption of cyclic polymers of aldehydes decreased by -6.9% to 37K tons, falling for the second year in a row after five years of growth. In general, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at 41K tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global aldehydes cyclic polymers market value reduced to $158M in 2022, falling by -9.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $175M in 2021, and then reduced in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the UK (13K tons), Sweden (8.5K tons) and Egypt (7.1K tons), with a combined 76% share of global consumption. China, Sudan, France and India lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by India (with a CAGR of +24.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest aldehydes cyclic polymers markets worldwide were the UK ($56M), Egypt ($30M) and Sweden ($18M), with a combined 66% share of the global market. India, France, China and Sudan lagged somewhat behind, together accounting for a further 17%.

Among the main consuming countries, India, with a CAGR of +30.5%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of aldehydes cyclic polymers per capita consumption was registered in Sweden (809 kg per 1000 persons), followed by the UK (188 kg per 1000 persons), Sudan (21 kg per 1000 persons) and France (13 kg per 1000 persons), while the world average per capita consumption of aldehydes cyclic polymers was estimated at 0.1 kg per 1000 persons.

In Sweden, aldehydes cyclic polymers per capita consumption expanded at an average annual rate of +9.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+3.0% per year) and Sudan (+7.8% per year).

Production

World Production of Cyclic Polymers Of Aldehydes

In 2022, approx. 27K tons of cyclic polymers of aldehydes were produced worldwide; approximately equating 2021. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 3.6%. Over the period under review, global production hit record highs at 27K tons in 2018; afterwards, it flattened through to 2022.

In value terms, aldehydes cyclic polymers production stood at $87M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 22%. Over the period under review, global production reached the maximum level at $112M in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the UK (13K tons), Egypt (6.6K tons) and China (3K tons), together comprising 83% of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Egypt (with a CAGR of +2.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Cyclic Polymers Of Aldehydes

In 2022, overseas purchases of cyclic polymers of aldehydes decreased by -11.6% to 16K tons, falling for the third consecutive year after four years of growth. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 50%. Over the period under review, global imports attained the maximum at 24K tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, aldehydes cyclic polymers imports fell to $91M in 2022. In general, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports reached the peak of $105M, and then reduced in the following year.

Imports By Country

Sweden dominates imports structure, resulting at 8.5K tons, which was approx. 52% of total imports in 2022. India (1,010 tons) held the second position in the ranking, followed by Sudan (974 tons), France (953 tons) and Germany (911 tons). All these countries together took approx. 24% share of total imports. Egypt (595 tons), Ethiopia (381 tons), China (379 tons), Italy (344 tons), Spain (276 tons) and the United States (266 tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aldehydes cyclic polymers imports into Sweden stood at +10.5%. At the same time, Egypt (+61.1%), India (+28.3%), Ethiopia (+14.0%), Spain (+12.5%), Sudan (+10.5%), Italy (+2.6%) and the United States (+1.3%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in the world, with a CAGR of +61.1% from 2012-2022. Germany and France experienced a relatively flat trend pattern. By contrast, China (-1.3%) illustrated a downward trend over the same period. While the share of Sweden (+38 p.p.), India (+5.8 p.p.), Sudan (+4.3 p.p.), Egypt (+3.6 p.p.), Ethiopia (+1.9 p.p.) and Germany (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aldehydes cyclic polymers importing markets worldwide were India ($32M), Sweden ($18M) and Germany ($6.9M), with a combined 63% share of global imports. France, Egypt, Italy, China, Sudan, Ethiopia, the United States and Spain lagged somewhat behind, together comprising a further 26%.

Egypt, with a CAGR of +65.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average aldehydes cyclic polymers import price stood at $5,596 per ton in 2022, declining by -2% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aldehydes cyclic polymers import price increased by +59.5% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 53%. Over the period under review, average import prices hit record highs at $5,710 per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($32,076 per ton), while Sweden ($2,126 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Cyclic Polymers Of Aldehydes

In 2022, shipments abroad of cyclic polymers of aldehydes increased by 19% to 5.8K tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. The global exports peaked at 11K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aldehydes cyclic polymers exports expanded remarkably to $24M in 2022. Overall, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when exports increased by 64%. The global exports peaked at $43M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (2.1K tons), distantly followed by Spain (1,395 tons), Germany (612 tons), Switzerland (432 tons) and India (298 tons) represented the largest exporters of cyclic polymers of aldehydes, together committing 84% of total exports. The following exporters - the United States (243 tons) and Belgium (207 tons) - each finished at a 7.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +56.6%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($10M) remains the largest aldehydes cyclic polymers supplier worldwide, comprising 41% of global exports. The second position in the ranking was taken by Germany ($4.8M), with a 20% share of global exports. It was followed by Spain, with a 13% share.

In China, aldehydes cyclic polymers exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-5.9% per year) and Spain (+24.3% per year).

Export Prices By Country

The average aldehydes cyclic polymers export price stood at $4,152 per ton in 2022, with a decrease of -9.4% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39% against the previous year. The global export price peaked at $5,565 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($7,769 per ton), while India ($1,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform