CIS: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in CIS

The CIS cyclic hydrocarbons market fell modestly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in CIS

In value terms, cyclic hydrocarbons production reduced to $X in 2022 estimated in export price. In general, production recorded a slight downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports in CIS

For the fourth year in a row, the CIS recorded decline in shipments abroad of other cyclic hydrocarbons, which decreased by X% to X tons in 2022. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2016 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 remained at a lower figure.

In value terms, cyclic hydrocarbons exports dropped significantly to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia was the major exporter of other cyclic hydrocarbons in the CIS, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Belarus (X tons), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons exports from Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belarus increased by X percentage points.

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

In Russia, cyclic hydrocarbons exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Cyclic Hydrocarbons Imports

Imports in CIS

In 2022, approx. X tons of other cyclic hydrocarbons were imported in the CIS; with an increase of X% on the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports rose to $X in 2022. Overall, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the largest importing country with an import of around X tons, which reached X% of total imports. Kazakhstan (X tons) held the second position in the ranking, followed by Kyrgyzstan (X tons) and Belarus (X tons). All these countries together held approx. X% share of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported other cyclic hydrocarbons in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with an X% share.

In Russia, cyclic hydrocarbons imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a deep slump. 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 peak figure at $X per ton in 2012; however, from 2013 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 Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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