Acyclic Hydrocarbons Derivatives Market

The article provides an in-depth analysis of the global market for acyclic hydrocarbons derivatives, highlighting trends in consumption, production, imports, and exports. The market is projected to experience growth in both volume and value over the period from 2022 to 2030, with a forecasted increase in market volume to 1M tons and market value to $10.3B by the end of 2030. Key consuming countries include China, the United States, and India, with notable growth rates observed in South Korea. China leads in production and exports, while the Netherlands shows significant growth in export value. Import prices have seen fluctuations, with the Netherlands having the highest export price and China the lowest. Overall, the market shows potential for growth and continued trends in global trade of acyclic hydrocarbons derivatives.

Market Forecast

Driven by rising demand for acyclic hydrocarbons derivatives worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $10.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fluorinated, Brominated Or Iodinated Derivatives Of Acyclic Hydrocarbons

Global acyclic hydrocarbons derivatives consumption declined to 957K tons in 2022, dropping by -5.1% against 2021. Over the period under review, consumption continues to indicate a slight curtailment. Global consumption peaked at 1.1M tons in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global acyclic hydrocarbons derivatives market revenue reduced to $8.3B in 2022, which is down by -6.4% 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). Overall, consumption recorded a mild slump. Global consumption peaked at $9.6B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (206K tons), the United States (131K tons) and India (73K tons), together accounting for 43% of global consumption. Japan, Pakistan, Russia, Indonesia, France, South Korea, the UK, Turkey and Brazil lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by South Korea (with a CAGR of +5.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($1.7B) led the market, alone. The second position in the ranking was held by China ($780M). It was followed by the United States.

In Russia, the acyclic hydrocarbons derivatives market plunged by an average annual rate of -3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-2.9% per year) and the United States (+1.8% per year).

The countries with the highest levels of acyclic hydrocarbons derivatives per capita consumption in 2022 were Japan (458 kg per 1000 persons), South Korea (398 kg per 1000 persons) and the United States (390 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +4.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Fluorinated, Brominated Or Iodinated Derivatives Of Acyclic Hydrocarbons

In 2022, the amount of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons produced worldwide declined slightly to 1M tons, flattening at the year before. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 5.7%. Over the period under review, global production reached the peak volume at 1.1M tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons derivatives production fell to $8.5B in 2022 estimated in export price. In general, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Global production peaked at $9.7B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (486K tons) remains the largest acyclic hydrocarbons derivatives producing country worldwide, comprising approx. 48% of total volume. Moreover, acyclic hydrocarbons derivatives production in China exceeded the figures recorded by the second-largest producer, the United States (97K tons), fivefold. India (73K tons) ranked third in terms of total production with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +2.0%. In the other countries, the average annual rates were as follows: the United States (-2.3% per year) and India (+1.5% per year).

Imports

World Imports of Fluorinated, Brominated Or Iodinated Derivatives Of Acyclic Hydrocarbons

Global acyclic hydrocarbons derivatives imports fell markedly to 375K tons in 2022, waning by -20.1% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, global imports hit record highs at 469K tons in 2021, and then contracted sharply in the following year.

In value terms, acyclic hydrocarbons derivatives imports reduced to $3.1B in 2022. In general, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 30% against the previous year. Global imports peaked at $3.6B in 2021, and then reduced in the following year.

Imports By Country

In 2022, the United States (87K tons), distantly followed by the Netherlands (37K tons), Japan (28K tons), the UK (22K tons) and South Korea (21K tons) represented the major importers of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons, together constituting 52% of total imports. The United Arab Emirates (15K tons), Germany (12K tons), Belgium (11K tons), Italy (9.7K tons), France (9.5K tons), Taiwan (Chinese) (9.4K tons), Canada (8.4K tons) and Turkey (8.3K tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, the United Arab Emirates (+7.9%), South Korea (+4.9%), Turkey (+3.1%) and Japan (+2.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +7.9% from 2012-2022. Taiwan (Chinese), the Netherlands and Belgium experienced a relatively flat trend pattern. By contrast, Canada (-1.1%), Germany (-2.3%), the UK (-2.5%), France (-4.7%) and Italy (-6.1%) illustrated a downward trend over the same period. While the share of the United States (+9.1 p.p.), the United Arab Emirates (+2.2 p.p.), South Korea (+2.1 p.p.) and Japan (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of France (-1.6 p.p.), the UK (-1.6 p.p.) and Italy (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($426M), the United States ($391M) and South Korea ($382M) constituted the countries with the highest levels of imports in 2022, with a combined 39% share of global imports.

South Korea, with a CAGR of +12.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average acyclic hydrocarbons derivatives import price amounted to $8,239 per ton, with an increase of 6.7% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acyclic hydrocarbons derivatives import price increased by +21.2% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 15%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($18,199 per ton), while the United Arab Emirates ($3,813 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Fluorinated, Brominated Or Iodinated Derivatives Of Acyclic Hydrocarbons

In 2022, global acyclic hydrocarbons derivatives exports dropped to 429K tons, with a decrease of -11.7% against the year before. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when exports increased by 16% against the previous year. Over the period under review, the global exports reached the maximum at 486K tons in 2021, and then fell in the following year.

In value terms, acyclic hydrocarbons derivatives exports shrank significantly to $3B in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 31%. The global exports peaked at $4B in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports By Country

China represented the largest exporter of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons in the world, with the volume of exports reaching 283K tons, which was approx. 66% of total exports in 2022. The United States (54K tons) held the second position in the ranking, followed by the Netherlands (30K tons). All these countries together held near 20% share of total exports. The following exporters - the UK (9.7K tons), Israel (8.4K tons), Belgium (8.3K tons) and France (8.2K tons) - each amounted to an 8.1% share of total exports.

China was also the fastest-growing in terms of the fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports, with a CAGR of +4.8% from 2012 to 2022. At the same time, the Netherlands (+2.5%) and Belgium (+1.2%) displayed positive paces of growth. By contrast, Israel (-2.2%), the UK (-3.5%), the United States (-4.1%) and France (-9.9%) illustrated a downward trend over the same period. China (+20 p.p.) significantly strengthened its position in terms of the global exports, while France and the United States saw its share reduced by -4.1% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1B), the United States ($844M) and the Netherlands ($507M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 79% of global exports.

Among the main exporting countries, the Netherlands, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average acyclic hydrocarbons derivatives export price stood at $7,039 per ton in 2022, reducing by -9.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 17%. Over the period under review, the average export prices reached the maximum at $8,165 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($16,809 per ton), while China ($3,668 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform