Eastern Asia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Eastern Asia

The East Asian cyclic hydrocarbons market reduced modestly to $X in 2022, waning by X% against the previous year. In general, consumption saw a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Eastern Asia

In value terms, cyclic hydrocarbons production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cyclic Hydrocarbons Exports

Exports in Eastern Asia

In 2022, approx. X tons of cyclic hydrocarbons were exported in Eastern Asia; approximately reflecting 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X tons) was the major exporter of cyclic hydrocarbons, generating X% of total exports. Japan (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and China (X tons). All these countries together held near X% share of total exports.

Exports from South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, China and Taiwan (Chinese) increased by X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in South Korea was relatively modest. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a pronounced decline. The growth pace was the most rapid in 2021 when the export price increased by 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.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Taiwan (Chinese) ($X per ton), while Japan ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports in Eastern Asia

In 2022, overseas purchases of cyclic hydrocarbons decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Total imports indicated a slight increase 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 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports reduced slightly to $X in 2022. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China was the main importer of cyclic hydrocarbons in Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons) and South Korea (X tons), together generating a X% share of total imports.

China was also the fastest-growing in terms of the cyclic hydrocarbons imports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported cyclic hydrocarbons in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

In China, cyclic hydrocarbons imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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