India - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in India - 2023
Contents:
- Isocyanates Price in India (CIF) - 2023
- Isocyanates Price in India (FOB) - 2023
- Isocyanates Imports in India
- Isocyanates Exports in India
Isocyanates Price in India (CIF) - 2023
In May 2023, the average isocyanates import price amounted to $2,734 per ton, approximately equating the previous month. Overall, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in April 2023 when the average import price increased by 7.5% against the previous month. The import price peaked at $3,469 per ton in August 2022; however, from September 2022 to May 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Belgium ($4,242 per ton), while the price for Malaysia ($1,813 per ton) was amongst the lowest.
From July 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Isocyanates Price in India (FOB) - 2023
The average isocyanates export price stood at $2,459 per ton in May 2023, with a decrease of -8.5% against the previous month. In general, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in September 2022 when the average export price increased by 65% m-o-m. As a result, the export price reached the peak level of $5,920 per ton. From October 2022 to May 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In May 2023, the countries with the highest prices were Nigeria ($2,828 per ton) and Kenya ($2,486 per ton), while the average price for exports to Guinea ($2,289 per ton) and Djibouti ($2,342 per ton) were amongst the lowest.
From July 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (0.0%), while the prices for the other major destinations experienced a decline.
Isocyanates Imports in India
In 2022, imports of isocyanates into India rose markedly to 109K tons, growing by 13% against the previous year. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, isocyanates imports soared to $348M in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Isocyanates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.8 | 53.7 | 107 | 124 | 22.9% |
| South Korea | 29.7 | 26.2 | 72.9 | 92.7 | 46.1% |
| Japan | 20.6 | 23.3 | 27.3 | 33.7 | 17.8% |
| United States | 5.2 | 1.8 | 14.9 | 18.3 | 52.1% |
| Hungary | 7.1 | 5.9 | 13.2 | 12.9 | 22.0% |
| Netherlands | 3.5 | 7.0 | 8.9 | 10.4 | 43.8% |
| Belgium | 7.6 | 14.6 | 5.8 | 10.1 | 9.9% |
| Saudi Arabia | 14.5 | 7.7 | 6.4 | 9.9 | -11.9% |
| Malaysia | N/A | N/A | 5.8 | 8.5 | 46.6% |
| Germany | 20.6 | 14.0 | 10.6 | 7.2 | -29.6% |
| Hong Kong SAR | 18.5 | 6.7 | 1.4 | 5.8 | -32.1% |
| Singapore | 2.1 | 1.7 | 2.8 | 5.0 | 33.5% |
| Others | 18.0 | 10.2 | 13.5 | 9.5 | -19.2% |
| Total | 214 | 173 | 291 | 348 | 17.6% |
Top Suppliers of Isocyanates to India in 2022:
- China (33.7K tons)
- South Korea (33.0K tons)
- Japan (12.5K tons)
- United States (5.9K tons)
- Saudi Arabia (4.9K tons)
- Hungary (4.6K tons)
- Malaysia (3.4K tons)
- Netherlands (3.3K tons)
- Belgium (2.9K tons)
- Singapore (1.8K tons)
- Hong Kong SAR (1.0K tons)
- Germany (0.8K tons)
Isocyanates Exports in India
For the third consecutive year, India recorded decline in overseas shipments of isocyanates, which decreased by -65.5% to 5K tons in 2022. Over the period under review, exports recorded a significant curtailment. The smallest decline of -6.6% was in 2020.
In value terms, isocyanates exports contracted notably to $18M in 2022. In general, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 6%.
| Export of Isocyanates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.8 | 2.5 | 5.1 | 7.9 | 63.7% |
| France | N/A | N/A | 0.5 | 1.3 | 160.0% |
| Hungary | N/A | 0.4 | 1.2 | 0.9 | 50.0% |
| Tanzania | 6.7 | 1.3 | 3.1 | 0.8 | -50.8% |
| Kenya | 5.6 | 3.7 | 4.8 | 0.7 | -50.0% |
| Turkey | N/A | 0.8 | 0.6 | 0.6 | -13.4% |
| Nigeria | 5.8 | 2.9 | 1.3 | 0.5 | -55.8% |
| Cote d'Ivoire | N/A | 0.5 | 1.2 | 0.5 | 0.0% |
| Egypt | 0.2 | 1.1 | 0.9 | 0.4 | 26.0% |
| Nepal | 0.3 | 0.1 | 0.8 | 0.4 | 10.1% |
| United States | 0.5 | 0.2 | 0.7 | 0.4 | -7.2% |
| Sudan | 0.5 | 1.2 | 0.9 | 0.2 | -26.3% |
| Djibouti | 0.2 | N/A | 0.6 | 0.2 | 0.0% |
| Others | 25.0 | 17.6 | 12.5 | 3.5 | -48.1% |
| Total | 46.6 | 32.2 | 34.2 | 18.2 | -26.9% |
Top Export Markets for Isocyanates from India in 2022:
- United Arab Emirates (2427.7 tons)
- Tanzania (270.7 tons)
- Kenya (220.3 tons)
- Turkey (211.0 tons)
- Hungary (193.1 tons)
- Cote d'Ivoire (180.0 tons)
- Nigeria (177.8 tons)
- Nepal (142.1 tons)
- United States (137.8 tons)
- Egypt (120.1 tons)
- Sudan (80.0 tons)
- Djibouti (80.0 tons)
- France (76.5 tons)
This report provides an in-depth analysis of the isocyanates 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 20144450 - Isocyanates
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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