India - Lysine And Its Esters, And Salts Thereof - Market Analysis, Forecast, Size, Trends And Insights
India's Lysine Price Bottoms at $1,454 per Ton
India Lysine Import Price in September 2022
In September 2022, the lysine price stood at $1,454 per ton (CIF, India), shrinking by -17% against the previous month. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in March 2022 when the average import price increased by 11% month-to-month. The import price peaked at $2,271 per ton in April 2022; however, from May 2022 to September 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was South Korea ($1,539 per ton), while the price for China ($1,394 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (-3.0%), while the prices for the other major suppliers experienced a decline.
India Lysine Imports
Lysine imports into India dropped slightly to 5.4K tons in September 2022, waning by -4.2% compared with the previous month. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in June 2022 with an increase of 64% month-to-month. Over the period under review, imports attained the maximum at 9.3K tons in January 2022; however, from February 2022 to September 2022, imports failed to regain momentum.
In value terms, lysine imports dropped remarkably to $7.8M (IndexBox estimates) in September 2022. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in June 2022 when imports increased by 71% against the previous month. Over the period under review, imports attained the maximum at 18K tons in January 2022; however, from February 2022 to September 2022, imports stood at a somewhat lower figure.
India Lysine Imports by Country
In September 2022, China (4.5K tons) constituted the largest supplier of lysine to India, with a 84% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (402 tons), more than tenfold.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Indonesia (-12.4% per month) and South Korea (-22.2% per month).
In value terms, China ($6.3M) constituted the largest supplier of lysine to India, comprising 80% of total imports. The second position in the ranking was held by South Korea ($613K), with a 7.8% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from China stood at -3.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-25.5% per month) and Indonesia (-15.5% per month).
Factors Affecting Lysine Prices
Lysine is an essential amino acid that is not produced by the body. It must be obtained through diet or supplementation. Lysine is important for growth and development, and plays a role in calcium absorption and collagen formation. It also helps to reduce anxiety and stress levels.
Lysine prices in India vary depending on the source and quality of the product. Factors that affect lysine prices include production costs, transportation costs, and taxes. In addition, lysine prices are also affected by global demand and supply conditions.
There has been a recent increase in the price of lysine in India. This is due to a number of factors, including increased demand from China and a decrease in production in India. This has led to a shortage of lysine in the Indian market, which has driven up prices.
This report provides an in-depth analysis of the lysine 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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