United Kingdom: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in the UK

After four years of decline, the UK cyclic hydrocarbons market increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Production in the UK

In value terms, cyclic hydrocarbons production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from the UK

Cyclic hydrocarbons exports from the UK reduced to X tons in 2022, dropping by X% on the year before. Over the period under review, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2022. In general, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the United States (X tons) and Spain (X tons) were the main destinations of cyclic hydrocarbons exports from the UK, with a combined X% share of total exports. South Korea, China, the Netherlands, Italy, Germany, France and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Belgium ($X) appeared to be the largest markets for cyclic hydrocarbons exported from the UK worldwide, together comprising X% of total exports. South Korea, China, the Netherlands, Italy, France, Germany and Switzerland lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into the UK

Cyclic hydrocarbons imports into the UK declined to X tons in 2022, with a decrease of X% on the year before. In general, total imports indicated pronounced growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value 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 increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of cyclic hydrocarbons imports to the UK, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of other cyclic hydrocarbons to the UK, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by El Salvador, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and El Salvador (X% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a pronounced increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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