Cyclanes, Cyclenes And Cycloterpenes Market

The article explores the rising demand for cyclanes, cyclenes, and cycloterpenes worldwide, with consumption expected to increase over the next eight years. Market performance is forecasted to grow at a moderate pace, with the volume reaching 967K tons and value at $3.5B by 2030. The top consuming countries are China, India, and the United States, while the highest production output is from China. Import and export trends are also analyzed, with Germany, China, and the United States being the top exporters.

Market Forecast

Driven by increasing demand for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 967K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $3.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

In 2022, approx. 891K tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were consumed worldwide; surging by 5.1% against 2021. The total consumption volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The global cyclanes, cyclenes and cycloterpenes market revenue expanded slightly to $2.8B in 2022, growing by 4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to see steady growth in the near future.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (125K tons), India (85K tons) and the United States (76K tons), together accounting for 32% of global consumption. France, South Korea, Nigeria, Russia, Japan, Mexico, Brazil, Indonesia, Italy and Iran lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Korea (with a CAGR of +15.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($366M), France ($212M) and India ($208M) were the countries with the highest levels of market value in 2022, with a combined 28% share of the global market. South Korea, the United States, Indonesia, Nigeria, Mexico, Japan, Italy, Russia, Iran and Brazil lagged somewhat behind, together accounting for a further 32%.

In terms of the main consuming countries, Nigeria, with a CAGR of +8.9%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of cyclanes, cyclenes and cycloterpenes per capita consumption in 2022 were South Korea (818 kg per 1000 persons), France (812 kg per 1000 persons) and Italy (361 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Korea (with a CAGR of +14.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

In 2022, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) produced worldwide amounted to 896K tons, with an increase of 6.2% compared with the previous year. The total output volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12%. Global production peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, cyclanes, cyclenes and cycloterpenes production totaled $2.4B in 2022 estimated in export price. Over the period under review, production, however, saw a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Global production peaked at $2.8B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (196K tons) constituted the country with the largest volume of cyclanes, cyclenes and cycloterpenes production, accounting for 22% of total volume. Moreover, cyclanes, cyclenes and cycloterpenes production in China exceeded the figures recorded by the second-largest producer, the United States (64K tons), threefold. India (56K tons) ranked third in terms of total production with a 6.3% share.

In China, cyclanes, cyclenes and cycloterpenes production expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (-3.6% per year) and India (+7.6% per year).

Imports

World Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

In 2022, after two years of growth, there was decline in purchases abroad of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), when their volume decreased by -3.3% to 415K tons. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 15%. Global imports peaked at 430K tons in 2021, and then contracted modestly in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes imports shrank modestly to $1.3B in 2022. The total import value increased at an average annual rate of +2.0% 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 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $1.3B, and then shrank modestly in the following year.

Imports By Country

The United States (54K tons), Belgium (40K tons), South Korea (38K tons), Germany (34K tons), India (32K tons), France (29K tons), the Netherlands (23K tons), Italy (16K tons), Mexico (15K tons), China (15K tons), Japan (12K tons) and Spain (9.4K tons) represented roughly 76% of total imports in 2022. The UK (9.3K tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +9.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, France ($128M), India ($122M) and the United States ($103M) were the countries with the highest levels of imports in 2022, together accounting for 27% of global imports. South Korea, China, Germany, the Netherlands, Belgium, Italy, Spain, Japan, Mexico and the UK lagged somewhat behind, together comprising a further 47%.

In terms of the main importing countries, Spain, with a CAGR of +7.7%, saw the highest rates of growth with regard to 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

The average cyclanes, cyclenes and cycloterpenes import price stood at $3,149 per ton in 2022, picking up by 1.6% against the previous year. Overall, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $3,862 per ton. From 2015 to 2022, the average 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 China ($6,425 per ton), while Belgium ($1,477 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

After two years of growth, overseas shipments of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by -1.3% to 420K tons in 2022. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, the global exports reached the maximum at 426K tons in 2021, and then shrank in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes exports shrank slightly to $1.2B in 2022. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, the global exports attained the maximum at $1.3B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (85K tons), distantly followed by Taiwan (Chinese) (47K tons), South Korea (45K tons), Germany (43K tons), the United States (42K tons), Belgium (39K tons), the Netherlands (33K tons) and Japan (21K tons) were the main exporters of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane), together making up 84% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +46.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($182M), China ($181M) and the United States ($177M) were the countries with the highest levels of exports in 2022, with a combined 46% share of global exports. Belgium, South Korea, the Netherlands, Taiwan (Chinese) and Japan lagged somewhat behind, together accounting for a further 33%.

Taiwan (Chinese), with a CAGR of +41.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average cyclanes, cyclenes and cycloterpenes export price amounted to $2,767 per ton, approximately reflecting the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 an increase of 11%. The global export price peaked at $3,585 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($4,275 per ton), while Taiwan (Chinese) ($1,295 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform