China: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in China

The Chinese cyclic hydrocarbons market shrank to $X in 2022, with a decrease of X% 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). Overall, consumption recorded a noticeable shrinkage. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from China

Cyclic hydrocarbons exports from China soared to X tons in 2022, jumping by X% on the previous year's figure. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cyclic hydrocarbons exports surged to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons), India (X tons) and Singapore (X tons) were the main destinations of cyclic hydrocarbons exports from China, with a combined X% share of total exports. Taiwan (Chinese), Vietnam, Turkey, Malaysia, the Netherlands, Brazil, Indonesia, Belgium and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Singapore ($X) were the largest markets for cyclic hydrocarbons exported from China worldwide, together comprising X% of total exports. Taiwan (Chinese), the Netherlands, Turkey, Vietnam, Malaysia, Brazil, Japan, Indonesia and Belgium lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a noticeable reduction. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Cyclic Hydrocarbons Imports

Imports into China

In 2022, supplies from abroad of cyclic hydrocarbons decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports shrank to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of cyclic hydrocarbons to China, accounting for a X% share of total imports. Moreover, cyclic hydrocarbons imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Brunei Darussalam (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Brunei Darussalam (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of cyclic hydrocarbons to China, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Brunei Darussalam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :