Canada: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Canada

In 2022, the Canadian cyclic hydrocarbons market increased by X% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, the total consumption indicated a measured expansion 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 increased by X% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cyclic Hydrocarbons Production in Canada

In value terms, cyclic hydrocarbons production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Cyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Canada

In 2022, after two years of growth, there was significant decline in shipments abroad of other cyclic hydrocarbons, when their volume decreased by X% to X tons. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports shrank notably to $X in 2022. In general, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cyclic hydrocarbons exports from Canada, with a X% share of total exports. Moreover, cyclic hydrocarbons exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the United States ($X) remains the key foreign market for other cyclic hydrocarbons exports from Canada, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price 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, cyclic hydrocarbons export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Cyclic Hydrocarbons Imports

Imports into Canada

In 2022, purchases abroad of other cyclic hydrocarbons decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of cyclic hydrocarbons imports to Canada, together accounting for X% of total imports. China, the Czech Republic and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Germany ($X) and Belgium ($X) constituted the largest cyclic hydrocarbons suppliers to Canada, together comprising X% of total imports. China, the Czech Republic and Spain lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price 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, cyclic hydrocarbons import price increased by X% against 2020 indices. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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