Updated Sep 28, 2022 14:25

Cyclic Hydrocarbons Market in the United States

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The U.S. cyclic hydrocarbons market was estimated at $ in , 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 saw a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market failed to regain momentum.

In value terms, cyclic hydrocarbons production expanded significantly to $ in . In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2015 to , production growth remained at a lower figure.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , approx. tons of cyclic hydrocarbons were consumed in the United States; approximately equating the year before. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, consumption attained the peak volume at tons in 2019; however, from to , consumption failed to regain momentum.

The size of the cyclic hydrocarbons market in the United States contracted slightly to $ in , approximately reflecting 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, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market failed to regain momentum.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for cyclic hydrocarbons in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
The United States remains a net exporter of cyclic hydrocarbons; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.