India - Polypropylene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Indian Polypropylene Exports Swell Driven by Booming Demand from China
IndexBox has just published a new report: 'India - Polypropylene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
Indian exports of primary polypropylene skyrocketed from 518K tonnes in 2019 to 794K tonnes in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tonnes in 2019 to 352K tonnes in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per tonne, dropping by -20.1% y-o-y.
Indian Polypropylene Exports by Country
India's polypropylene exports surged from 518K tonnes in 2019 to 794K tonnes in 2020. In value terms, polypropylene in primary forms exports soared to $673M (IndexBox estimates), rising by +22.5% y-o-y in 2020.
China (352K tonnes) was the main destination for polypropylene in primary forms exports from India, with a 44% share of total exports. Moreover, polypropylene in primary forms exports to China exceeded the volume sent to the second major destination, Turkey (102K tonnes), threefold. The third position in this ranking was occupied by Vietnam (61K tonnes), with a 7.7% share.
China increased its imports from 130K tonnes in 2019 to 352K tonnes in 2020. Turkish purchases grew from 90K tonnes to 102K tonnes over the same period. Exports to Vietnam rose from 37K tonnes in 2019 to 61K tonnes in 2020.
In value terms, China ($279M) remains the key foreign market for polypropylene in primary forms exports from India, comprising 41% of total exports. The second position in the ranking was occupied by Turkey ($90M), with a 13% share of total exports. It was followed by Vietnam, with a 7.8% share.
In 2020, the average polypropylene in primary forms export price amounted to $847 per tonne, shrinking by -20.1% against the previous year. Average prices varied noticeably for the major external markets. In 2020, the countries with the highest prices were Nepal ($935 per tonne) and Italy ($909 per tonne), while the average price for exports to China ($791 per tonne) and Portugal ($860 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for polypropylene in primary forms 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 2025.
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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