CIS: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in CIS

The CIS cyclic hydrocarbons market declined to $X in 2023, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2022, and then declined in the following year.

Cyclic Hydrocarbons Production in CIS

In value terms, cyclic hydrocarbons production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2023 and is likely to see gradual growth in the immediate term.

Cyclic Hydrocarbons Exports

Exports in CIS

In 2023, overseas shipments of other cyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports rose remarkably to $X in 2023. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Belarus (X tons), constituting a X% share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. While the share of Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest cyclic hydrocarbons supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with an X% share of total exports.

In Russia, cyclic hydrocarbons exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price showed a mild contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Cyclic Hydrocarbons Imports

Imports in CIS

In 2023, cyclic hydrocarbons imports in the CIS dropped to X tons, waning by X% compared with the year before. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports shrank modestly to $X in 2023. In general, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Russia (X tons) was the major importer of other cyclic hydrocarbons, committing X% of total imports. Kazakhstan (X tons) held the second position in the ranking, distantly followed by Belarus (X tons). All these countries together held near X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cyclic hydrocarbons imports into Russia stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Belarus experienced a relatively flat trend pattern. While the share of Kazakhstan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belarus (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported other cyclic hydrocarbons in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform