India - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights
India's Tall Oil Fatty Acids Price Skyrocket 17%, Averaging $2,450 per Ton
India Tall Oil Fatty Acids Import Price in September 2022
In September 2022, the tall oil fatty acids price amounted to $2,450 per ton (CIF, India), growing by 17% against the previous month. In general, import price indicated a resilient expansion from January 2022 to September 2022: its price increased at an average monthly rate of +8.1% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, tall oil fatty acids import price increased by +18.7% against April 2022 indices. The growth pace was the most rapid in April 2022 an increase of 51% m-o-m. Over the period under review, average import prices reached the maximum in September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Germany ($3,473 per ton), while the price for the UK ($1,826 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 the United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
India Tall Oil Fatty Acids Imports
In September 2022, after two months of decline, there was significant growth in purchases abroad of industrial tall oil fatty acids, when their volume increased by 108% to 149 tons. In general, imports, however, faced a dramatic descent. Imports peaked at 1.1K tons in January 2022; however, from February 2022 to September 2022, imports stood at a somewhat lower figure.
In value terms, tall oil fatty acids imports skyrocketed to $365K (IndexBox estimates) in September 2022. Overall, imports, however, saw a deep reduction. Over the period under review, imports hit record highs at 1.5K tons in January 2022; however, from February 2022 to September 2022, imports stood at a somewhat lower figure.
India Tall Oil Fatty Acids Imports by Country
In September 2022, the United States (115 tons) constituted the largest supplier of tall oil fatty acids to India, with a 77% share of total imports. Moreover, tall oil fatty acids imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (20 tons), sixfold. the UK (9.9 tons) ranked third in terms of total imports with a 6.7% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from the United States amounted to -23.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Sweden (-0.6% per month) and the UK (-9.1% per month).
In value terms, the United States ($285K) constituted the largest supplier of tall oil fatty acids to India, comprising 78% of total imports. The second position in the ranking was held by Sweden ($48K), with a 13% share of total imports. It was followed by the UK, with a 5% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from the United States stood at -16.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Sweden (-0.0% per month) and the UK (-11.0% per month).
Factors Affecting Tall Oil Fatty Acid Prices
Tall oil fatty acids are an important raw material for many industries, and their prices can have a significant impact on the cost of production for many companies.
Tall oil fatty acid prices in India have been on the rise in recent years due to a number of factors. One of the main drivers of this price increase has been the rising cost of crude oil, which is used to produce tall oil fatty acids. Another factor that has contributed to the price increase is the growing demand for tall oil fatty acids in India. This demand is driven by a number of factors, including the growing population and the increasing use of tall oil fatty acids in a variety of industries.
This report provides an in-depth analysis of the market for tall oil fatty acids 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
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