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India - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

India - Phenolic Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jul 5, 2023

Phenolic Resins Price in India Falls 6% to $3,077 per Ton

India Phenolic Resins Import Price in February 2023

In February 2023, the phenolic resins price stood at $3,077 per ton (CIF, India), reducing by -5.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices attained the maximum at $3,600 per ton in October 2022; however, from November 2022 to February 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was the Netherlands ($8,960 per ton), while the price for China ($1,858 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Phenolic Resins in India (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Netherlands5,2035,5894,5015,8934,9335,4746,4295,8456,3955,8596,9987,1148,960
Germany5,7655,8875,1474,7876,2075,8825,4543,7645,8776,4026,5626,4206,956
Japan6,8705,8364,6019,8317,2655,8047,3428,7555,1094,8615,7706,4986,206
Singapore8,9436,5496,1085,6805,8916,3656,2115,5707,2425,2266,1496,8125,372
Belgium3,0544,1084,8594,5204,5114,1826,2014,0933,5844,9113,2134,6454,803
Thailand2,6892,1453,5383,1893,5703,4663,3933,2862,9634,1213,4612,9964,256
Spain3,1032,9032,8292,8803,2613,2074,5462,9902,9943,5873,7653,6053,673
Indonesia2,3102,5762,5752,6932,8232,8424,6862,7562,8532,6842,7242,8542,995
Taiwan (Chinese)4,2112,9823,9673,4842,9172,8134,1043,0273,0052,8473,9243,6982,662
Hong Kong7,2173,2102,9324,2013,1563,2761,7231,5391,727N/A1,9701,4972,289
China2,0592,4562,2432,4582,4132,6192,5202,7482,3412,3641,9681,9331,858
Canada2,726N/A2,5673,0333,0166,0003,0232,9902,9133,0693,2353,206N/A
SwedenN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3,125N/AN/A
Average2,9663,3993,2803,5713,1803,5583,4363,5123,6003,4863,1263,2583,077

India Phenolic Resins Imports

In February 2023, purchases abroad of phenolic resins in primary forms decreased by -16.1% to 1.6K tons, falling for the second consecutive month after two months of growth. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in December 2022 when imports increased by 58% m-o-m. As a result, imports attained the peak of 2.6K tons. From January 2023 to February 2023, the growth of imports failed to regain momentum.

In value terms, phenolic resins imports reduced markedly to $4.9M (IndexBox estimates) in February 2023. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in December 2022 with an increase of 42% against the previous month. As a result, imports attained the peak of $8.2M. From January 2023 to February 2023, the growth of imports remained at a somewhat lower figure.

India Phenolic Resins Imports by Country

In February 2023, China (951 tons) constituted the largest phenolic resins supplier to India, with a 59% share of total imports. Moreover, phenolic resins imports from China exceeded the figures recorded by the second-largest supplier, Spain (124 tons), eightfold. The third position in this ranking was taken by Hong Kong (97 tons), with a 6% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of volume from China totaled -2.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Spain (+17.5% per month) and Hong Kong (+65.5% per month).

In value terms, China ($1.8M) constituted the largest supplier of phenolic resins to India, comprising 36% of total imports. The second position in the ranking was taken by Germany ($456K), with a 9.2% share of total imports. It was followed by Spain, with a 9.2% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of value from China totaled -3.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-2.8% per month) and Spain (+19.2% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the phenolic resins 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 20165650 - Phenolic resins, in primary forms

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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