Latest Report Update: Mar 6, 2023
India - Maleic Anhydride - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Mar 6, 2023
Maleic Anhydride Price Rises to $1,152 per Ton
India Maleic Anhydride Import Price in November 2022
In November 2022, the maleic anhydride price amounted to $1,152 per ton (CIF, India), rising by 2.4% against the previous month. Over the period under review, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in April 2022 an increase of 6.6% against the previous month. Over the period under review, average import prices hit record highs at $2,464 per ton in January 2022; however, from February 2022 to November 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2022, the highest price was recorded for prices from South Korea ($1,197 per ton) and Malaysia ($1,189 per ton), while the price for Russia ($1,059 per ton) and Taiwan (Chinese) ($1,107 per ton) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.4%), while the prices for the other major suppliers experienced a decline.
India Maleic Anhydride Imports
In November 2022, maleic anhydride imports into India reduced dramatically to 3.6K tons, with a decrease of -43% on the month before. Overall, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in October 2022 with an increase of 95% m-o-m. Imports peaked at 12K tons in July 2022; however, from August 2022 to November 2022, imports stood at a somewhat lower figure.
In value terms, maleic anhydride imports contracted dramatically to $4.2M (IndexBox estimates) in November 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in October 2022 with an increase of 80% m-o-m. Imports peaked at 21K tons in April 2022; however, from May 2022 to November 2022, imports failed to regain momentum.
India Maleic Anhydride Imports by Country
Malaysia (1.4K tons), China (975 tons) and Taiwan (Chinese) (891 tons) were the main suppliers of maleic anhydride imports to India, together accounting for 89% of total imports.
From January 2022 to November 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +2.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Malaysia ($1.6M), China ($1.1M) and Taiwan (Chinese) ($986K) were the largest maleic anhydride suppliers to India, with a combined 89% share of total imports.
Taiwan (Chinese), with a CAGR of -4.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Maleic Anhydride Market Overview
Maleic anhydride is a highly reactive organic compound, which is mainly used as a precursor for the production of unsaturated polyesters, alkyd resins, and plasticizers. It is also used as an intermediate in the manufacturing process of several chemicals such as fumaric acid, maleic acid, and tetrahydrophthalic anhydride (THPA). Additionally, it finds application as an antioxidant in food & beverage packaging and as an additive in lubricants.
The growing demand for unsaturated polyester resin (UPR) from the construction and automotive industries is one of the major factors driving the growth of the maleic anhydride market in India. The growing demand for UPRs in these end-use industries is expected to drive the growth of the maleic anhydride market in India during the forecast period.
This report provides an in-depth analysis of the maleic anhydride 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.
Product coverage:
• Prodcom 20143387 - Maleic anhydride
Country coverage:
• India
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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