India - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
India's Acetic Acid Imports Doubled in the Past Decade
IndexBox has just published a new report: 'India - Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
In the past decade, India doubled acetic acid imports in physical terms. In 2020, they grew by +7.7% y-o-y to 953K tonnes. Malaysia, Singapore and China constitute the most significant suppliers, accounting for 70% of India's acetic acid imports. Taiwan featured the highest growth rate of exports to India in 2020. Last year, the average acetic acid import price dropped by -22.9% y-o-y to $349 per tonne.
India's Acetic Acid Imports by Country
India's acetic acid imports increased twofold, from 457K tonnes in 2010 to 953K tonnes in 2020. In 2020, imports grew by +7.7% on the previous year's figure. In value terms, acetic acid imports dropped notably from $401M in 2019 to $333M (IndexBox estimates) in 2020.
Malaysia (294K tonnes), Singapore (220K tonnes) and China (153K tonnes) were the leading suppliers of acetic acid imports to India, with a combined 70% share of total imports. These countries were followed by Taiwan (Chinese), Saudi Arabia, Iran and South Korea, which together accounted for a further 28%.
Taiwan saw the highest growth rate of export volume among the key exporters. Indian imports from Taiwan rose from $50M in 2019 to $136M in 2020.
In value terms, the largest acetic acid suppliers to India were Malaysia ($104M), Singapore ($79M) and China ($53M), together comprising 71% of total imports. These countries were followed by Taiwan (Chinese), Saudi Arabia, Iran and South Korea, which together accounted for a further 27%.
The average acetic acid import price stood at $349 per tonne in 2020, waning by -22.9% against the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Singapore ($358 per tonne) and South Korea ($355 per tonne), while the price for Iran ($326 per tonne) and Saudi Arabia ($337 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the acetic acid market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET