Global Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size

The global derivatives of hydrocarbons market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption saw a deep slump. Over the period under review, the global market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Derivatives Of Hydrocarbons Production

In value terms, derivatives of hydrocarbons production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, global production growth remained at a somewhat lower figure.

Derivatives Of Hydrocarbons Exports

Exports

For the fifth year in a row, the global market recorded growth in overseas shipments of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups, which increased by X% to X tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, derivatives of hydrocarbons exports expanded to $X in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Kuwait prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), mixing up a X% share of total exports. India (X tons) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%) and India (X%) displayed positive paces of growth. Kuwait (X p.p.) significantly strengthened its position in terms of the global exports, while India and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Kuwait ($X) remains the largest derivatives of hydrocarbons supplier worldwide, comprising X% of global exports. The second position in the ranking was held by China ($X), with a X% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kuwait amounted to X%. In the other countries, the average annual rates were as follows: China (X% per year) and India (X% per year).

Export Prices by Country

The average derivatives of hydrocarbons export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average 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 China ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Derivatives Of Hydrocarbons Imports

Imports

In 2022, the amount of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups imported worldwide stood at X tons, surging by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, derivatives of hydrocarbons imports soared to $X in 2022. Over the period under review, total imports indicated a pronounced 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. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India was the major importer of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in the world, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Japan (X tons) held the second position in the ranking, followed by China (X tons), Spain (X tons) and Brazil (X tons). All these countries together took near X% share of total imports. Turkey (X tons), Germany (X tons), Australia (X tons), Belgium (X tons), South Korea (X tons), the United States (X tons) and Italy (X tons) took a little share of total imports.

India was also the fastest-growing in terms of the derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups imports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%), Belgium (X%), Turkey (X%), South Korea (X%), Japan (X%) and Spain (X%) displayed positive paces of growth. The United States, Italy, Brazil and Australia experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), China (X p.p.), Turkey (X p.p.) and Belgium (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports.

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

Import Prices by Country

In 2022, the average derivatives of hydrocarbons import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 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 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :