Report Update: May 1, 2024

India - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights

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Polyethylene Price in India - 2023

Polyethylene Price in India (CIF) - 2023

The average polyethylene import price stood at $1,050 per ton in July 2023, shrinking by -2.9% against the previous month. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in March 2023 an increase of 19% against the previous month. Over the period under review, average import prices reached the peak figure at $1,400 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Thailand ($1,181 per ton) and China ($1,173 per ton), while the price for the United States ($953 per ton) and Oman ($965 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Kuwait (-1.9%), while the prices for the other major suppliers experienced a decline.

Polyethylene Price in India (FOB) - 2023

In July 2023, the average polyethylene export price amounted to $1,083 per ton, declining by -3.2% against the previous month. Overall, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 11% month-to-month. Over the period under review, the average export prices hit record highs at $1,462 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Bhutan ($1,353 per ton), while the average price for exports to the United Arab Emirates ($554 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (0.0%), while the prices for the other major destinations experienced a decline.

Polyethylene Imports in India

Polyethylene imports into India surged to 1.1M tons in 2022, jumping by 55% against the previous year. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene imports surged to $1.4B in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Polyethylene in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	236	205	346	616	37.7%
Saudi Arabia	53.9	51.6	102	231	62.4%
Qatar	116	91.8	170	155	10.1%
Oman	0.7	0.8	18.9	108	436.3%
United States	40.6	52.8	54.4	65.6	17.3%
Kuwait	20.4	17.6	29.8	54.7	38.9%
Singapore	43.2	39.4	30.8	42.1	-0.9%
South Korea	19.3	19.0	15.8	27.0	11.8%
Others	69.6	89.0	113	133	24.1%
Total	600	567	881	1,432	33.6%

Top Suppliers of Polyethylene to India in 2022:

United Arab Emirates (481.1K tons)
Saudi Arabia (184.0K tons)
Qatar (114.4K tons)
Oman (89.6K tons)
United States (54.6K tons)
Kuwait (47.0K tons)
Singapore (30.9K tons)
South Korea (16.3K tons)

Polyethylene Exports in India

Polyethylene exports from India declined remarkably to 60K tons in 2022, with a decrease of -68.9% against the previous year's figure. In general, exports showed a dramatic decline. The smallest decline of -21.5% was in 2020.

In value terms, polyethylene exports contracted significantly to $74M in 2022. Over the period under review, exports continue to indicate a sharp decline. The smallest decline of -34.3% was in 2021.

Export of Polyethylene in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nepal	23.6	27.9	45.5	27.8	5.6%
Vietnam	39.5	35.4	37.7	11.3	-34.1%
Bangladesh	6.4	6.7	4.6	7.2	4.0%
China	391	231	69.7	4.6	-77.3%
Kenya	9.3	7.8	12.2	4.4	-22.1%
Bhutan	0.7	2.5	3.1	3.9	77.3%
United Arab Emirates	4.0	2.0	4.1	2.3	-16.8%
Turkey	5.5	5.2	5.9	1.8	-31.1%
South Africa	0.1	N/A	1.3	1.7	157.1%
Others	24.3	9.7	31.3	8.6	-29.3%
Total	504	328	215	73.8	-47.3%

Top Export Markets for Polyethylene from India in 2022:

Nepal (20.8K tons)
Vietnam (10.7K tons)
Bangladesh (6.4K tons)
China (4.5K tons)
Kenya (3.4K tons)
Bhutan (2.5K tons)
United Arab Emirates (2.2K tons)
Turkey (1.5K tons)
South Africa (1.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polyethylene 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 20161050 - Polyethylene having a specific gravity of . 0,94, 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023