Cyclanic, Cyclenic Hydrocarbons Derivatives Market

The article discusses the increasing demand for halogenated derivatives of cyclanic, cyclenic, and cycloterpenic hydrocarbons worldwide, projecting a positive consumption trend with a CAGR of +1.7% and an increase in market volume to 34K tons by 2030. The market is also expected to grow in value, reaching $541M by 2030. In 2022, global consumption and market revenue saw noticeable growth, with countries like the United States, China, and the Netherlands leading in consumption volumes and value. Production and import prices showed fluctuations over the years, with countries like Japan, South Korea, and Taiwan (Chinese) showcasing significant growth in exports. Overall, the market is expected to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 34K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $541M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

In 2022, global consumption of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons rose slightly to 30K tons, surging by 3.5% on the previous year's figure. The total consumption volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak volume of 33K tons. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global cyclanic, cyclenic hydrocarbons derivatives market revenue soared to $380M in 2022, growing by 24% 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). Over the period under review, consumption saw notable growth. As a result, consumption attained the peak level of $1.5B. From 2016 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (11K tons), China (8.6K tons) and the Netherlands (4K tons), with a combined 81% share of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +36.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($131M) led the market, alone. The second position in the ranking was taken by the Netherlands ($56M). It was followed by China.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +39.3%. In the other countries, the average annual rates were as follows: the Netherlands (+40.5% per year) and China (+22.3% per year).

In 2022, the highest levels of cyclanic, cyclenic hydrocarbons derivatives per capita consumption was registered in the Netherlands (229 kg per million persons), followed by the United States (33 kg per million persons), South Korea (8.9 kg per million persons) and Japan (8.6 kg per million persons), while the world average per capita consumption of cyclanic, cyclenic hydrocarbons derivatives was estimated at 3.8 kg per million persons.

In the Netherlands, cyclanic, cyclenic hydrocarbons derivatives per capita consumption expanded at an average annual rate of +35.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+35.6% per year) and South Korea (-14.9% per year).

Production

World Production of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

In 2022, after ten years of growth, there was decline in production of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons, when its volume decreased by -1.2% to 28K tons. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 1.2% against the previous year. As a result, production attained the peak volume of 29K tons, and then dropped in the following year.

In value terms, cyclanic, cyclenic hydrocarbons derivatives production shrank to $391M in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2015 with an increase of 264%. As a result, production reached the peak level of $752M. From 2016 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (9.8K tons), Japan (7.4K tons) and China (5.3K tons), with a combined 80% share of global production. The Netherlands and India lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +0.8%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

In 2022, supplies from abroad of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons increased by 8.3% to 15K tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Global imports peaked at 36K tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cyclanic, cyclenic hydrocarbons derivatives imports surged to $160M in 2022. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 31% against the previous year. Over the period under review, global imports hit record highs at $325M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

China represented the largest importer of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons in the world, with the volume of imports recording 7.2K tons, which was near 49% of total imports in 2022. It was distantly followed by the United States (1.7K tons), Japan (1.5K tons), India (1K tons) and Taiwan (Chinese) (0.8K tons), together comprising a 35% share of total imports. South Korea (525 tons), Germany (505 tons) and Senegal (244 tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyclanic, cyclenic hydrocarbons derivatives imports into China stood at -2.4%. At the same time, Senegal (+198.2%), India (+31.8%) and Taiwan (Chinese) (+2.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in the world, with a CAGR of +198.2% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, the United States (-4.3%), South Korea (-13.5%) and Germany (-18.9%) illustrated a downward trend over the same period. China (+24 p.p.), India (+7.1 p.p.), Japan (+5.7 p.p.), the United States (+4.4 p.p.), Taiwan (Chinese) (+3.8 p.p.) and Senegal (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while South Korea and Germany saw its share reduced by -2.5% and -7.9% from 2012 to 2022, respectively.

In value terms, Japan ($29M), South Korea ($25M) and Taiwan (Chinese) ($22M) were the countries with the highest levels of imports in 2022, with a combined 47% share of global imports. China, the United States, Germany, India and Senegal lagged somewhat behind, together accounting for a further 35%.

Senegal, with a CAGR of +88.1%, saw the highest rates of growth with regard to 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 cyclanic, cyclenic hydrocarbons derivatives import price stood at $10,987 per ton in 2022, surging by 6.4% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclanic, cyclenic hydrocarbons derivatives import price decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. Global import price peaked at $11,993 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($47,815 per ton), while Senegal ($346 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Halogenated Derivatives Of Cyclanic, Cyclenic Or Cycloterpenic Hydrocarbons

In 2022, the amount of halogenated derivatives of cyclanic, cyclenic or cycloterpenic hydrocarbons exported worldwide declined modestly to 13K tons, falling by -1.9% on the year before. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The global exports peaked at 39K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cyclanic, cyclenic hydrocarbons derivatives exports reached $156M in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 21% against the previous year. The global exports peaked at $350M in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

Japan represented the largest exporting country with an export of around 7.8K tons, which amounted to 59% of total exports. It was distantly followed by China (3.8K tons), achieving a 29% share of total exports. The following exporters - Taiwan (Chinese) (405 tons), the United States (368 tons) and India (277 tons) - together made up 7.9% of total exports.

Exports from Japan increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Taiwan (Chinese) (+57.1%) and India (+7.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +57.1% from 2012-2022. By contrast, China (-9.7%) and the United States (-29.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, Taiwan (Chinese), India and China increased by +43, +3, +2.1 and +1.6 percentage points, respectively.

In value terms, the largest cyclanic, cyclenic hydrocarbons derivatives supplying countries worldwide were China ($62M), Japan ($40M) and Taiwan (Chinese) ($13M), together accounting for 73% of global exports.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +57.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average cyclanic, cyclenic hydrocarbons derivatives export price amounted to $11,776 per ton, with an increase of 11% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclanic, cyclenic hydrocarbons derivatives export price decreased by -5.1% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 16%. The global export price peaked at $12,402 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Taiwan (Chinese) ($31,959 per ton), while Japan ($5,123 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform