India - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Average Price of Polycarboxylic Acid in India Is $937 per Ton
India Polycarboxylic Acid Import Price in June 2023
In June 2023, the polycarboxylic acid price amounted to $937 per ton (CIF, India), approximately mirroring the previous month. In general, the import price, however, saw a slight slump. The growth pace was the most rapid in August 2022 when the average import price increased by 3.8% against the previous month. As a result, import price attained the peak level of $1,225 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Malaysia ($1,333 per ton) and South Korea ($1,234 per ton), while the price for Thailand ($902 per ton) and Taiwan (Chinese) ($907 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.7%), while the prices for the other major suppliers experienced a decline.
|COUNTRY||Import Price of Polycarboxylic Acid in India (USD per ton)|
|Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023||Feb 2023||Mar 2023||Apr 2023||May 2023||Jun 2023|
India Polycarboxylic Acid Imports
After two months of decline, overseas purchases of polycarboxylic acids increased by 12% to 213K tons in June 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 62% against the previous month. As a result, imports attained the peak of 221K tons. From April 2023 to June 2023, the growth of imports remained at a somewhat lower figure.
In value terms, polycarboxylic acid imports rose rapidly to $200M (IndexBox estimates) in June 2023. Over the period under review, imports, however, showed a slight curtailment. The growth pace was the most rapid in March 2023 with an increase of 65% m-o-m.
India Polycarboxylic Acid Imports by Country
In June 2023, China (146K tons) constituted the largest supplier of polycarboxylic acid to India, accounting for a 69% share of total imports. Moreover, polycarboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (34K tons), fourfold. The third position in this ranking was taken by Thailand (11K tons), with a 5.4% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China stood at +2.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Taiwan (Chinese) (-0.2% per month) and Thailand (-9.3% per month).
In value terms, China ($133M) constituted the largest supplier of polycarboxylic acid to India, comprising 67% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($31M), with a 15% share of total imports. It was followed by Thailand, with a 5.2% share.
From June 2022 to June 2023, the average monthly growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Taiwan (Chinese) (-1.9% per month) and Thailand (-9.9% per month).
This report provides an in-depth analysis of the polycarboxylic 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 2030.
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