
India - 1-Cyanoguanidine (Dicyandiamide) - Market Analysis, Forecast, Size, Trends And Insights
Dicyandiamide Price in India Grows 2% to $2,495 per Ton
India Dicyandiamide Import Price in February 2023
In February 2023, the dicyandiamide price amounted to $2,495 per ton (CIF, India), surging by 2.5% against the previous month. In general, the import price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 8.9% month-to-month. The import price peaked at $4,152 per ton in February 2022; however, from March 2022 to February 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2022 to February 2023, the rate of growth in terms of prices for China amounted to -4.4% per month.
COUNTRY | Import Price of Dicyandiamide in India (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
China | 4,258 | 3,910 | 3,822 | 3,916 | 3,739 | 3,491 | 3,796 | 3,817 | 3,437 | 2,975 | 2,636 | 2,413 | 2,485 |
Average | 4,152 | 3,918 | 3,826 | 3,927 | 3,783 | 3,508 | 3,822 | 3,840 | 3,466 | 3,018 | 2,647 | 2,434 | 2,495 |
India Dicyandiamide Imports
In February 2023, dicyandiamide imports into India plummeted to 3.2K tons, waning by -37.5% against January 2023. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when imports increased by 106% against the previous month. As a result, imports reached the peak of 5.2K tons, and then shrank remarkably in the following month.
In value terms, dicyandiamide imports contracted remarkably to $8M (IndexBox estimates) in February 2023. In general, imports saw a noticeable descent. The pace of growth appeared the most rapid in January 2023 when imports increased by 90% against the previous month.
India Dicyandiamide Imports by Country
In February 2023, China (3.2K tons) was the main dicyandiamide supplier to India, accounting for a approximately 100% share of total imports.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China was relatively modest.
In value terms, China ($8M) constituted the largest supplier of dicyandiamide to India.
From February 2022 to February 2023, the average monthly growth rate of value from China totaled -3.8%.
This report provides an in-depth analysis of the dicyandiamide 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 2030.
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