U.S.: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in the U.S.

For the ninth consecutive year, the U.S. cyclic hydrocarbons market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a prominent 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, consumption increased by X% against 2013 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Cyclic Hydrocarbons Production in the U.S.

In value terms, cyclic hydrocarbons production dropped slightly to $X in 2022. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from the U.S.

In 2022, shipments abroad of cyclic hydrocarbons decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports showed a noticeable contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports dropped slightly to $X in 2022. In general, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for cyclic hydrocarbons exports from the United States, with a X% share of total exports. Moreover, cyclic hydrocarbons exports to Mexico exceeded the volume sent to the second major destination, Brazil (X tons), ninefold. Belgium (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Brazil ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into the U.S.

In 2022, after two years of decline, there was significant growth in supplies from abroad of cyclic hydrocarbons, when their volume increased by X% to X tons. 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 pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, cyclic hydrocarbons imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest cyclic hydrocarbons supplier to the United States, with a X% share of total imports. Moreover, cyclic hydrocarbons imports from South Korea exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with an X% share.

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

In value terms, South Korea ($X), Canada ($X) and Saudi Arabia ($X) appeared to be the largest cyclic hydrocarbons suppliers to the United States, with a combined X% share of total imports.

Saudi Arabia, 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 more modest paces of growth.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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