Price for Cellulose Acetates; Plasticised, in Primary Forms in India - 2023

Contents:

  1. Price for Cellulose Acetates; Plasticised, in Primary Forms in India (CIF) - 2022
  2. Price for Cellulose Acetates; Plasticised, in Primary Forms in India (FOB) - 2022
  3. Imports of Cellulose Acetates; Plasticised, in Primary Forms in India
  4. Exports of Cellulose Acetates; Plasticised, in Primary Forms in India

Price for Cellulose Acetates; Plasticised, in Primary Forms in India (CIF) - 2022

The average import price for cellulose acetates; plasticised, in primary formses stood at $4,701 per ton in 2022, increasing by 20% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 88% against the previous year. Over the period under review, average import prices hit record highs at $6,508 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,816 per ton), while the price for Italy ($2,604 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 (+23.3%), while the prices for the other major suppliers experienced a decline.

Price for Cellulose Acetates; Plasticised, in Primary Forms in India (FOB) - 2022

The average export price for cellulose acetates; plasticised, in primary formses stood at $2,556 per ton in 2022, waning by -53.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 128% against the previous year. As a result, the export price reached the peak level of $6,598 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($6,107 per ton), while the average price for exports to Uganda ($949 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+46.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Acetates; Plasticised, in Primary Forms in India

After three years of growth, purchases abroad of cellulose acetates; plasticised, in primary formses decreased by -70.2% to 382 tons in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 109%.

In value terms, imports of cellulose acetates; plasticised, in primary formses declined significantly to $1.8M in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year.

Import of Cellulose Acetates; Plasticised, in Primary Forms in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1061,3151,6361,090117.5%
China1,8582,6902,972342-43.1%
United States86.55.024829851.0%
Italy1.6N/A29.126.4154.6%
Others41.044.215839.1-1.6%
Total2,0934,0545,0431,796-5.0%

Top Suppliers of Cellulose Acetates; Plasticised, in Primary Forms to India in 2022:

  1. South Korea (224.2 tons)
  2. China (101.2 tons)
  3. United States (38.2 tons)
  4. Italy (10.1 tons)

Exports of Cellulose Acetates; Plasticised, in Primary Forms in India

In 2022, overseas shipments of cellulose acetates; plasticised, in primary formses decreased by -23.1% to 42 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, the exports attained the peak of 54 tons, and then fell significantly in the following year.

In value terms, exports of cellulose acetates; plasticised, in primary formses shrank rapidly to $107K in 2022. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 160%. As a result, the exports reached the peak of $296K, and then contracted markedly in the following year.

Export of Cellulose Acetates; Plasticised, in Primary Forms in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A38.50%
QatarN/AN/A0.130.230100.0%
EgyptN/A20.77.711.4-25.8%
UgandaN/AN/AN/A7.30%
Kenya20.713.0N/A2.9-48.1%
EthiopiaN/A3.116.92.7-6.7%
Nepal25.718.524.02.2-55.9%
IranN/AN/A1211.6-98.7%
Bangladesh3.1N/AN/A1.1-29.2%
Syrian Arab RepublicN/A9.7N/AN/A0%
ZambiaN/A1.74.8N/A182.4%
EstoniaN/A9.2N/AN/A0%
CanadaN/AN/A90.0N/A0%
Others25.538.331.59.1-29.1%
Total74.911429610712.6%

Top Export Markets for Cellulose Acetates; Plasticised, in Primary Forms from India in 2022:

  1. Germany (17.4 tons)
  2. Uganda (7.7 tons)
  3. Qatar (4.9 tons)
  4. Egypt (4.7 tons)
  5. Kenya (3.1 tons)
  6. Nepal (1.5 tons)
  7. Ethiopia (0.8 tons)
  8. Bangladesh (0.6 tons)
  9. Iran (0.4 tons)

Source: IndexBox Market Intelligence Platform

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