Asia: Cyclic Hydrocarbons Market 2022

Cyclic Hydrocarbons Market Size in Asia

In 2021, the Asian cyclic hydrocarbons market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a slight descent. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Asia

In value terms, cyclic hydrocarbons production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports in Asia

In 2021, shipments abroad of cyclic hydrocarbons was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced setback. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea represented the main exporter of cyclic hydrocarbons in Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2021. It was distantly followed by India (X tons), Japan (X tons), Saudi Arabia (X tons), Singapore (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons), together creating a X% share of total exports. Oman (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cyclic hydrocarbons exports from South Korea stood at +X%. At the same time, India (+X%), Taiwan (Chinese) (+X%), Saudi Arabia (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. Thailand and Oman experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, South Korea and Taiwan (Chinese) increased by +X, +X and +X percentage points, respectively. Japan (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), India ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

In terms of the main exporting countries, India, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, saw a abrupt decrease. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in India ($X per ton) and Thailand ($X per ton), while Oman ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-X%), while the other leaders experienced a decline in the export price figures.

Cyclic Hydrocarbons Imports

Imports in Asia

In 2021, after two years of decline, there was growth in purchases abroad of cyclic hydrocarbons, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2021. In general, imports, however, saw a mild setback. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%). South Korea (X tons), Indonesia (X tons), Saudi Arabia (X tons), Turkey (X tons), Malaysia (X tons) and Pakistan (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Turkey (+X%), India (+X%), Saudi Arabia (+X%), Malaysia (+X%), Pakistan (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Taiwan (Chinese) and South Korea saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cyclic hydrocarbons in Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a deep slump. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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