CIS: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in CIS

The CIS cyclic hydrocarbons market dropped slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in CIS

In value terms, cyclic hydrocarbons production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Cyclic Hydrocarbons Exports

Exports in CIS

In 2022, shipments abroad of cyclic hydrocarbons decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports shrank sharply to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia was the largest exporter of cyclic hydrocarbons in the CIS, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons) and Belarus (X tons), together constituting a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest cyclic hydrocarbons supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a perceptible descent. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports in CIS

In 2022, the amount of cyclic hydrocarbons imported in the CIS reduced remarkably to X tons, waning by X% compared with 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, cyclic hydrocarbons imports shrank significantly to $X in 2022. Over the period under review, imports showed a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Belarus (X tons) represented the main importer of cyclic hydrocarbons, generating X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%). Azerbaijan (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons imports into Belarus stood at X%. At the same time, Azerbaijan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Uzbekistan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest cyclic hydrocarbons importing markets in the CIS were Belarus ($X), Russia ($X) and Uzbekistan ($X), with a combined X% share of total imports. Azerbaijan lagged somewhat behind, comprising a further X%.

In terms of the main importing countries, Azerbaijan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Belarus ($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 more modest paces of growth.

Source: IndexBox Platform

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