India - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMethacrylic Acid Price in India - 2023
Contents:
- Methacrylic Acid Price in India (CIF) - 2023
- Methacrylic Acid Price in India (FOB) - 2023
- Methacrylic Acid Imports in India
- Methacrylic Acid Exports in India
Methacrylic Acid Price in India (CIF) - 2023
In July 2023, the average methacrylic acid import price amounted to $2,003 per ton, reducing by -1.5% against the previous month. Overall, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 17% month-to-month. Over the period under review, average import prices attained the peak figure at $2,857 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($4,616 per ton), while the price for the United States ($1,727 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Methacrylic Acid Price in India (FOB) - 2023
In July 2023, the average methacrylic acid export price amounted to $5,303 per ton, waning by -42.6% against the previous month. Overall, the export price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in January 2023 an increase of 308% month-to-month. As a result, the export price reached the peak level of $9,822 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($19,986 per ton), while the average price for exports to the United Arab Emirates stood at $2,213 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Methacrylic Acid Imports in India
In 2022, the amount of methacrylic acid and its salts imported into India contracted remarkably to 13K tons, which is down by -18.4% on the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports attained the peak of 16K tons, and then contracted sharply in the following year.
In value terms, methacrylic acid imports contracted rapidly to $34M in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 154%. As a result, imports attained the peak of $47M, and then contracted sharply in the following year.
| Import of Methacrylic Acid in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | 2.0 | 19.5 | 8.1 | 7.1% |
| South Korea | 6.5 | 3.1 | 8.6 | 7.9 | 6.7% |
| Thailand | 2.7 | 6.0 | 6.6 | 7.7 | 41.8% |
| Taiwan (Chinese) | 1.7 | 1.8 | 5.3 | 3.7 | 29.6% |
| United States | 3.2 | 2.2 | 3.2 | 3.7 | 5.0% |
| Japan | 3.4 | 2.9 | 3.1 | 2.5 | -9.7% |
| Others | 0.2 | 0.3 | 0.5 | 0.5 | 35.7% |
| Total | 24.2 | 18.4 | 46.6 | 34.1 | 12.1% |
Top Suppliers of Methacrylic Acid to India in 2022:
- Thailand (3.4K tons)
- South Korea (3.3K tons)
- China (2.3K tons)
- Taiwan (Chinese) (1.6K tons)
- United States (1.3K tons)
- Japan (1.0K tons)
Methacrylic Acid Exports in India
In 2022, the amount of methacrylic acid and its salts exported from India surged to 188 tons, picking up by 23% against 2021 figures. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 104%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, methacrylic acid exports surged to $881K in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Methacrylic Acid in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 150 | 400 | 481 | 465 | 45.8% |
| United Arab Emirates | 7.9 | 12.9 | 11.7 | 354 | 255.2% |
| Brazil | 1.9 | 1.6 | 8.4 | 41.8 | 180.2% |
| Bangladesh | 0.9 | 18.1 | 60.8 | 10.0 | 123.1% |
| China | N/A | N/A | 84.5 | N/A | 0% |
| Iran | 217 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 10.7 | 53.5 | 10.7 | 113.5% |
| Total | 379 | 443 | 699 | 881 | 32.5% |
Top Export Markets for Methacrylic Acid from India in 2022:
- United Arab Emirates (126.0 tons)
- United States (53.2 tons)
- Brazil (4.0 tons)
- Bangladesh (2.4 tons)
This report provides an in-depth analysis of the methacrylic acid 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 20143330 - Methacrylic acid and its salts
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
361
This report provides an in-depth analysis of the methacrylic acid market in India.
443
This report provides an in-depth analysis of the monocarboxylic acid market in India.
503
This report provides an in-depth analysis of the benzoic acid market in India.
351
This report provides an in-depth analysis of the market for benzoyl peroxide and chloride in India.
350
This report provides an in-depth analysis of the acrylic acid esters market in India.
464
This report provides an in-depth analysis of the methacrylic acid esters market in India.
287
This report provides an in-depth analysis of the market for oleic, linoleic or linolenic acids in India.
308
This report provides an in-depth analysis of the phenylacetic acid market in India.
504
This report provides an in-depth analysis of the global methacrylic acid market.
647
This report provides an in-depth analysis of the global monocarboxylic acid market.
333
In October 2022, the benzoic acid price amounted to $3,468 per ton (CIF, India), falling by -11.7% against the previous month.
253
As of March 2023, the price of Acrylic Acid Esters was $1,437 per ton (CIF, India), showing a 6.1% increase compared to the previous month.
937
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
891
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
333
In October 2022, the benzoic acid price amounted to $3,468 per ton (CIF, India), falling by -11.7% against the previous month.
253
As of March 2023, the price of Acrylic Acid Esters was $1,437 per ton (CIF, India), showing a 6.1% increase compared to the previous month.
937
In value terms, industrial monocarboxylic fatty acids imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual...
891
In value terms, industrial monocarboxylic fatty acids exports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annu...
