Global Cyclic Hydrocarbons Market Overview
In value terms, cyclic hydrocarbons production contracted modestly to $ in 2019 estimated in export prices. In general, production showed a slight reduction. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Over the period under review, global production hit record highs at $ in 2012; however, from 2013 to 2019, production remained at a lower figure.
The countries with the highest volumes of cyclic hydrocarbons production in 2019 were the U.S. ( tonnes), Japan ( tonnes) and South Korea ( tonnes), together accounting for % of global production. These countries were followed by India, Russia, the Netherlands, Indonesia, Thailand, the UK, Saudi Arabia, Iran, Singapore and Belgium, which together accounted for a further %.
From 2007 to 2019, the biggest increases were in Belgium, while cyclic hydrocarbons production for the other global leaders experienced more modest paces of growth.
The global cyclic hydrocarbons market value amounted to $ in 2019, picking up by % 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). In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Global consumption peaked at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
From 2007 to 2019, the average annual growth rate of volume in China totaled +%. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and India (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by Japan.
In China, the cyclic hydrocarbons market expanded at an average annual rate of +% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and Japan (-% per year).
In 2019, the highest levels of cyclic hydrocarbons per capita consumption was registered in Belgium ( kg per person), followed by the Netherlands ( kg per person), Japan ( kg per person) and the U.S. ( kg per person), while the world average per capita consumption of cyclic hydrocarbons was estimated at kg per person.
In Belgium, cyclic hydrocarbons per capita consumption remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: the Netherlands (+% per year) and Japan (-% per year).