U.S.: Cyclohexane Market 2024

Cyclohexane Market Size in the U.S.

The U.S. cyclohexane market rose markedly to $X in 2022, increasing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cyclohexane Production in the U.S.

In value terms, cyclohexane production declined modestly to $X in 2022. Overall, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Cyclohexane production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Cyclohexane Exports

Exports from the U.S.

Cyclohexane exports from the United States dropped notably to X tons in 2022, reducing by X% against 2021 figures. In general, exports showed a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cyclohexane exports contracted significantly to $X in 2022. Overall, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for cyclohexane exports from the United States, with a X% share of total exports. Moreover, cyclohexane exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mexico (X% per year).

In value terms, Belgium ($X) remains the key foreign market for cyclohexane exports from the United States, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mexico (X% per year).

Export Prices by Country

The average cyclohexane export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a mild slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Mexico ($X per ton), while the average price for exports to Spain ($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 Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexane Imports

Imports into the U.S.

In 2022, the amount of cyclohexane imported into the United States reduced rapidly to X tons, waning by X% compared with 2021. In general, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cyclohexane imports dropped markedly to $X in 2022. Overall, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) constituted the largest cyclohexane supplier to the United States, with a X% share of total imports. Moreover, cyclohexane imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

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

In value terms, South Korea ($X), India ($X) and China ($X) appeared to be the largest cyclohexane suppliers to the United States, together comprising X% of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average cyclohexane import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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