India - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in India - 2023
Contents:
- Alkyd Resins Price in India (CIF) - 2022
- Alkyd Resins Price in India (FOB) - 2023
- Alkyd Resins Imports in India
- Alkyd Resins Exports in India
Alkyd Resins Price in India (CIF) - 2022
In 2022, the average alkyd resins import price amounted to $3,678 per ton, increasing by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2020 an increase of 51%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($5,196 per ton), while the price for the United States ($1,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.2%), while the prices for the other major suppliers experienced a decline.
Alkyd Resins Price in India (FOB) - 2023
In July 2023, the average alkyd resins export price amounted to $1,512 per ton, dropping by -3.4% against the previous month. Overall, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in March 2023 an increase of 5.4% against the previous month. The export price peaked at $1,976 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the highest price was recorded for prices to Sri Lanka ($1,676 per ton) and Oman ($1,594 per ton), while the average price for exports to Nepal ($1,371 per ton) and Kenya ($1,375 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+0.2%), while the prices for the other major destinations experienced a decline.
Alkyd Resins Imports in India
In 2022, the amount of alkyd resins in primary forms imported into India reduced sharply to 3.3K tons, which is down by -27.5% against the previous year. Overall, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 160%.
In value terms, alkyd resins imports dropped to $12M in 2022. In general, imports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 124%. As a result, imports reached the peak of $13M, and then reduced slightly in the following year.
| Import of Alkyd Resins in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.0 | 3.4 | 7.3 | 5.4 | -3.5% |
| United Arab Emirates | 0.6 | 0.5 | 0.7 | 1.6 | 38.7% |
| Belgium | 1.3 | 0.4 | 1.4 | 1.2 | -2.6% |
| Taiwan (Chinese) | 0.4 | 0.4 | 0.8 | 1.0 | 35.7% |
| South Korea | 0.6 | 0.3 | 0.4 | 0.7 | 5.3% |
| Malaysia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| United States | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| China | 0.9 | 0.1 | 0.4 | 0.2 | -39.4% |
| Others | 1.5 | 0.5 | 1.5 | 1.7 | 4.3% |
| Total | 11.7 | 5.6 | 12.6 | 12.3 | 1.7% |
Top Suppliers of Alkyd Resins to India in 2022:
- Italy (1090.9 tons)
- Belgium (526.8 tons)
- United Arab Emirates (305.9 tons)
- Taiwan (Chinese) (303.3 tons)
- Malaysia (265.4 tons)
- South Korea (194.6 tons)
- United States (177.0 tons)
- China (64.9 tons)
Alkyd Resins Exports in India
In 2022, approx. 5.5K tons of alkyd resins in primary forms were exported from India; declining by -17.7% against the previous year. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 0.9% against the previous year.
In value terms, alkyd resins exports contracted slightly to $9.9M in 2022. In general, exports saw a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 28%.
| Export of Alkyd Resins in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 2,351 | 1,565 | 3,595 | 3,722 | 16.5% |
| Bangladesh | 1,188 | 1,496 | 1,208 | 1,363 | 4.7% |
| United Arab Emirates | 418 | 531 | 559 | 1,258 | 44.4% |
| Vietnam | 3,082 | 1,610 | 1,425 | 1,122 | -28.6% |
| Sri Lanka | 638 | 637 | 836 | 523 | -6.4% |
| United States | 75.9 | 91.0 | 229 | 437 | 79.2% |
| Oman | 210 | 260 | 314 | 376 | 21.4% |
| Guinea | N/A | N/A | 1,061 | 253 | -76.2% |
| Germany | 348 | 296 | 93.4 | 103 | -33.4% |
| Qatar | 373 | 148 | 95.5 | N/A | -49.4% |
| Liberia | 590 | 750 | 135 | N/A | -52.2% |
| Others | 1,182 | 575 | 631 | 763 | -13.6% |
| Total | 10,456 | 7,959 | 10,181 | 9,921 | -1.7% |
Top Export Markets for Alkyd Resins from India in 2022:
- Nepal (2173.9 tons)
- Bangladesh (767.5 tons)
- United Arab Emirates (762.4 tons)
- Vietnam (585.9 tons)
- Sri Lanka (283.5 tons)
- Oman (186.4 tons)
- United States (156.5 tons)
- Guinea (153.6 tons)
- Germany (44.8 tons)
This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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