Asia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Asia

The Asian cyclic hydrocarbons market declined to $X in 2022, waning by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Asia

In value terms, cyclic hydrocarbons production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

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Cyclic Hydrocarbons Exports

Exports in Asia

In 2022, approx. X tons of other cyclic hydrocarbons were exported in Asia; reducing by X% compared with 2021 figures. Overall, exports showed a mild decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports reduced to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

China represented the key exporter of other cyclic hydrocarbons in Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. India (X tons) took the second position in the ranking, followed by Japan (X tons), Taiwan (Chinese) (X tons), Singapore (X tons) and Saudi Arabia (X tons). All these countries together took approx. X% share of total exports. South Korea (X tons) took a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%), India (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%), Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.), India (X p.p.), Singapore (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Japan, South Korea and Taiwan (Chinese) saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest cyclic hydrocarbons supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, cyclic hydrocarbons exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports in Asia

Cyclic hydrocarbons imports shrank markedly to X tons in 2022, dropping by X% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports dropped rapidly to $X in 2022. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cyclic hydrocarbons imports in 2022 were Afghanistan (X tons), India (X tons), China (X tons) and Iraq (X tons), together finishing at X% of total import. It was distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together achieving a X% share of total imports.

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

In value terms, China ($X), India ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Korea, Taiwan (Chinese), Afghanistan and Iraq lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a mild decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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