Report Update: Oct 1, 2023
India - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Sep 2, 2023
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 | |
| Malaysia | 1,916 | 1,820 | 1,730 | 1,295 | 1,354 | 1,404 | 1,295 | 1,277 | 1,141 | 967 | 1,223 | 1,092 | 1,333 |
| South Korea | 1,680 | 1,667 | 1,597 | 1,460 | 1,312 | 1,400 | 1,306 | 1,140 | 1,219 | 1,356 | 1,455 | 1,336 | 1,234 |
| China | 1,143 | 1,166 | 1,217 | 1,252 | 966 | 971 | 941 | 936 | 893 | 920 | 867 | 899 | 909 |
| Taiwan (Chinese) | 1,111 | 1,120 | 1,148 | 1,017 | 926 | 915 | 835 | 803 | 839 | 874 | 869 | 942 | 907 |
| Thailand | 985 | 1,019 | 1,092 | 958 | 877 | 907 | 832 | 777 | 753 | 826 | 827 | 827 | 902 |
| Average | 1,162 | 1,180 | 1,225 | 1,163 | 981 | 1,015 | 934 | 919 | 924 | 936 | 905 | 934 | 937 |
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.
Product coverage:
• Prodcom 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
• Prodcom 20143385 - Adipic acid, its salts and esters
• Prodcom 20143387 - Maleic anhydride
• Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
• Prodcom 20143420 - Other esters of orthophthalic acid
• Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
• Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and
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 2012-2022
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, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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