Asia: Cyclohexane Market 2024

Cyclohexane Market Size in Asia

In 2022, the Asian cyclohexane market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a perceptible downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cyclohexane Production in Asia

In value terms, cyclohexane production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Cyclohexane Exports

Exports in Asia

In 2022, the amount of cyclohexane exported in Asia fell sharply to X tons, which is down by X% on 2021. Overall, exports showed a slight decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cyclohexane exports fell sharply to $X in 2022. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Thailand (X tons), China (X tons) and India (X tons), together comprising a X% share of total exports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of exports of cyclohexane. At the same time, China (X%) and India (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest cyclohexane supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a slight descent. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Thailand ($X per ton), while Saudi Arabia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Cyclohexane Imports

Imports in Asia

In 2022, cyclohexane imports in Asia reduced to X tons, which is down by X% on the previous year. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclohexane imports rose to $X in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) was the major importer of cyclohexane, constituting X% of total imports. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and India (X tons), together mixing up a X% share of total imports. The following importers - Singapore (X tons), Indonesia (X tons) and Uzbekistan (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported cyclohexane in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Japan, cyclohexane imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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