Global Cyclic Hydrocarbons Market Overview
In value terms, cyclic hydrocarbons production stood at $77.6B in 2010 estimated in export prices. In general, cyclic hydrocarbons production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 24% against the previous year. Over the period under review, global cyclic hydrocarbons production attained its peak figure level at $81B in 2008; however, from 2009 to 2010, production remained at a lower figure.
Japan (22M tonnes) remains the largest cyclic hydrocarbons producing country worldwide, comprising approx. 29% of total volume. Moreover, cyclic hydrocarbons production in Japan exceeded the figures recorded by the second-largest producer, the U.S. (8.2M tonnes), threefold. The third position in this ranking was occupied by India (3.9M tonnes), with a 5.2% share.
From 2007 to 2010, the average annual rate of growth in terms of volume in Japan totaled +11.9%. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (-0.5% per year) and India (-1.0% per year).
The global cyclic hydrocarbons market revenue amounted to $76.6B in 2010, surging by 23% 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, cyclic hydrocarbons consumption continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of 23% y-o-y. Over the period under review, the global cyclic hydrocarbons market reached its maximum level at $80.4B in 2008; however, from 2009 to 2010, consumption failed to regain its momentum.
From 2007 to 2010, the most notable rate of growth in terms of cyclic hydrocarbons consumption, amongst the main consuming countries, was attained by Japan, while cyclic hydrocarbons consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($17.4B), China ($13.2B) and the U.S. ($7.2B) appeared to be the countries with the highest levels of market value in 2010, together accounting for 49% of the global market.
Japan experienced the highest growth rate of market size, among the main consuming countries over the period under review, while cyclic hydrocarbons market for the other global leaders experienced more modest paces of growth.
In 2010, the highest levels of cyclic hydrocarbons per capita consumption was registered in Belgium (299 kg per person), followed by Japan (128 kg per person), Taiwan, Chinese (97 kg per person) and the UK (24 kg per person), while the world average per capita consumption of cyclic hydrocarbons was estimated at 10 kg per person.
From 2007 to 2010, the average annual rate of growth in terms of the cyclic hydrocarbons per capita consumption in Belgium totaled +5.7%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Japan (+17.5% per year) and Taiwan, Chinese (-3.7% per year).