Canada - Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Canada - Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Cyclic Hydrocarbons Price in Canada - 2023

Contents:

  1. Cyclic Hydrocarbons Price in Canada (FOB) - 2022
  2. Cyclic Hydrocarbons Price in Canada (CIF) - 2023
  3. Cyclic Hydrocarbons Exports in Canada
  4. Cyclic Hydrocarbons Imports in Canada

Cyclic Hydrocarbons Price in Canada (FOB) - 2022

In 2022, the average cyclic hydrocarbons export price amounted to $1,410 per ton, surging by 23% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,503 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,430 per ton), while the average price for exports to Belgium stood at $1,078 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.1%).

Cyclic Hydrocarbons Price in Canada (CIF) - 2023

The average cyclic hydrocarbons import price stood at $1,878 per ton in June 2023, increasing by 20% against the previous month. In general, import price indicated a mild increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cyclic hydrocarbons import price increased by +47.9% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 24% against the previous month. Over the period under review, average import prices hit record highs at $1,947 per ton in July 2022; afterwards, it flattened through to June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Korea ($3,971 per ton), while the price for the United States ($1,695 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Cyclic Hydrocarbons Exports in Canada

For the third year in a row, Canada recorded decline in overseas shipments of cyclic hydrocarbons, which decreased by -11.2% to 557K tons in 2022. Over the period under review, exports recorded a deep contraction. The smallest decline of -2.4% was in 2021.

In value terms, cyclic hydrocarbons exports rose notably to $786M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Export of Cyclic Hydrocarbons in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States57143866277010.5%
BelgiumN/A7.754.513.532.4%
Others26.61.82.82.4-55.1%
Total5984477197869.5%

Top Export Markets for Cyclic Hydrocarbons from Canada in 2022:

  1. United States (538.4K tons)
  2. Belgium (12.6K tons)

Cyclic Hydrocarbons Imports in Canada

In 2022, the amount of cyclic hydrocarbons imported into Canada soared to 227K tons, growing by 28% against the year before. In general, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year.

In value terms, cyclic hydrocarbons imports skyrocketed to $309M in 2022. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 78%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Cyclic Hydrocarbons in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States15357.61311642.3%
Belgium31.329.539.898.446.5%
Singapore5.74.40.213.533.3%
Others25.616.920.933.08.8%
Total21610819230912.7%

Top Suppliers of Cyclic Hydrocarbons to Canada in 2022:

  1. United States (120.1K tons)
  2. Belgium (89.5K tons)
  3. Singapore (9.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cyclic hydrocarbons market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20141213 - Cyclohexane
  • Prodcom 20141215 - Cyclanes, cyclenes and cycloterpenes (excluding cyclohexane)
  • Prodcom 20141223 - Benzene
  • Prodcom 20141225 - Toluene
  • Prodcom 20141243 - o-Xylene
  • Prodcom 20141245 - p-Xylene
  • Prodcom 20141247 - m-Xylene and mixed xylene isomers
  • Prodcom 20141250 - Styrene
  • Prodcom 20141260 - Ethylbenzene
  • Prodcom 20141270 - Cumene
  • Prodcom 20141290 - Other cyclic hydrocarbons

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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