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India - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 13, 2023
India's Toluene Price Plummets 14%, Averaging $1,062 per Ton
India Toluene Import Price in September 2022
In September 2022, the toluene price amounted to $1,062 per ton (CIF, India), declining by -13.8% against the previous month. In general, import price indicated a noticeable increase from January 2022 to September 2022: its price increased at an average monthly rate of +3.5% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, toluene import price decreased by -17.7% against July 2022 indices. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 14% month-to-month. Over the period under review, average import prices attained the peak figure at $1,291 per ton in July 2022; however, from August 2022 to September 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was China ($1,197 per ton), while the price for Singapore ($768 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 Philippines (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
India Toluene Imports
Toluene imports into India contracted to 35K tons in September 2022, almost unchanged from August 2022. Overall, imports recorded a noticeable reduction. The growth pace was the most rapid in June 2022 when imports increased by 123% m-o-m. As a result, imports reached the peak of 73K tons. From July 2022 to September 2022, the growth of imports remained at a lower figure.
In value terms, toluene imports declined to $37M (IndexBox estimates) in September 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 with an increase of 139% against the previous month. Over the period under review, imports reached the peak figure at 89K tons in July 2022; however, from August 2022 to September 2022, imports failed to regain momentum.
India Toluene Imports by Country
In September 2022, Thailand (15K tons) constituted the largest toluene supplier to India, accounting for a 42% share of total imports. Moreover, toluene imports from Thailand exceeded the figures recorded by the second-largest supplier, Iran (5.9K tons), twofold. The United Arab Emirates (4.8K tons) ranked third in terms of total imports with a 14% share.
From January 2022 to September 2022, the average monthly growth rate of volume from Thailand totaled -2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Iran (+8.7% per month) and the United Arab Emirates (-9.1% per month).
In value terms, Thailand ($16M) constituted the largest supplier of toluene to India, comprising 43% of total imports. The second position in the ranking was held by Iran ($6.2M), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 14% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from Thailand stood at +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Iran (+7.4% per month) and the United Arab Emirates (-8.3% per month).
Factors Affecting Toluene Prices
Toluene is used extensively in the paints and coatings industry, as well as in the production of adhesives, detergents, pharmaceuticals and rubber chemicals. In addition, toluene is also used as a fuel additive and as a solvent in printing ink and paint formulations. Local demand for these products is a key driver of toluene prices in India.
As one of the world's leading producers of petroleum products, India plays a key role in global energy markets. Toluene is an important component in the production of gasoline and other fuels, and as such, its price is closely linked to crude oil prices.
However, there are a number of other factors that can affect toluene prices in India. For example, domestic demand for toluene can be influenced by economic growth or seasonal factors such as the monsoon season. Сontinued economic growth in India is likely to support healthy demand for toluene-based products and keep prices at relatively elevated levels. Additionally, global trade flows can impact India's toluene market, as the country is a major importer of this product.
This report provides an in-depth analysis of the toluene 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 20141225 - Toluene
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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