India - Polypropylene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polypropylene in Primary Forms in India - 2023
Contents:
- Price for Polypropylene in Primary Forms in India (CIF) - 2023
- Price for Polypropylene in Primary Forms in India (FOB) - 2023
- Imports of Polypropylene in Primary Forms in India
- Exports of Polypropylene in Primary Forms in India
Price for Polypropylene in Primary Forms in India (CIF) - 2023
In July 2023, the average polypropylene in primary forms import price amounted to $994 per ton, reducing by -8.8% against the previous month. Over the period under review, the import price recorded a pronounced contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 6.2% against the previous month. The import price peaked at $1,387 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($1,408 per ton), while the price for the United States ($738 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 South Korea (-1.5%), while the prices for the other major suppliers experienced a decline.
Price for Polypropylene in Primary Forms in India (FOB) - 2023
In July 2023, the average polypropylene in primary forms export price amounted to $961 per ton, dropping by -2.5% against the previous month. Over the period under review, the export price showed a mild contraction. The growth pace was the most rapid in October 2022 an increase of 16% m-o-m. As a result, the export price attained the peak level of $1,235 per ton. From November 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was South Africa ($1,404 per ton), while the average price for exports to Indonesia ($873 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 China (-1.0%), while the prices for the other major destinations experienced a decline.
Imports of Polypropylene in Primary Forms in India
In 2022, approx. 1.1M tons of polypropylene in primary forms were imported into India; jumping by 39% against 2021 figures. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, polypropylene in primary forms imports skyrocketed to $1.4B in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 99%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Polypropylene in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 208 | 173 | 276 | 399 | 24.3% |
| United Arab Emirates | 75.9 | 79.4 | 170 | 321 | 61.7% |
| Singapore | 163 | 93.3 | 181 | 218 | 10.2% |
| China | 7.7 | 6.8 | 173 | 149 | 168.5% |
| Oman | 30.3 | 36.5 | 53.7 | 87.3 | 42.3% |
| South Korea | 81.9 | 55.9 | 97.4 | 71.6 | -4.4% |
| Kuwait | 61.1 | 32.0 | 18.4 | 49.7 | -6.7% |
| United States | 36.1 | 21.4 | 24.0 | 15.3 | -24.9% |
| Others | 122 | 69.8 | 133 | 135 | 3.4% |
| Total | 786 | 568 | 1,127 | 1,447 | 22.6% |
Top Suppliers of Polypropylene in Primary Forms to India in 2022:
- Saudi Arabia (323.2K tons)
- United Arab Emirates (270.9K tons)
- Singapore (157.4K tons)
- China (105.8K tons)
- Oman (73.1K tons)
- South Korea (44.3K tons)
- Kuwait (40.9K tons)
- United States (11.2K tons)
Exports of Polypropylene in Primary Forms in India
In 2022, overseas shipments of polypropylene in primary forms decreased by -20.2% to 374K tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, the exports attained the peak of 794K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, polypropylene in primary forms exports shrank significantly to $439M in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $673M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Polypropylene in Primary Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 99.8 | 90.1 | 129 | 75.9 | -8.7% |
| China | 129 | 279 | 58.4 | 58.1 | -23.3% |
| Bangladesh | 17.2 | 38.9 | 39.1 | 49.6 | 42.3% |
| Nepal | 38.4 | 33.8 | 56.8 | 41.9 | 3.0% |
| Vietnam | 38.2 | 52.9 | 42.8 | 41.1 | 2.5% |
| Indonesia | 16.3 | 13.6 | 17.2 | 25.5 | 16.1% |
| Italy | 33.6 | 12.0 | 32.3 | 17.8 | -19.1% |
| Portugal | 29.0 | 24.1 | 39.2 | 15.9 | -18.2% |
| Thailand | 0.5 | 1.1 | 4.3 | 11.1 | 181.1% |
| Israel | 11.4 | 9.1 | 19.8 | 9.5 | -5.9% |
| Nigeria | 8.3 | 6.9 | 16.3 | 9.1 | 3.1% |
| Kenya | 7.2 | 11.9 | 17.3 | 7.8 | 2.7% |
| Pakistan | 39.2 | N/A | N/A | N/A | 0% |
| Others | 81.8 | 99.2 | 158 | 75.7 | -2.6% |
| Total | 549 | 673 | 631 | 439 | -7.2% |
Top Export Markets for Polypropylene in Primary Forms from India in 2022:
- China (60.7K tons)
- Turkey (60.6K tons)
- Bangladesh (46.0K tons)
- Vietnam (37.2K tons)
- Nepal (33.1K tons)
- Indonesia (24.4K tons)
- Portugal (12.8K tons)
- Italy (12.6K tons)
- Thailand (7.8K tons)
- Nigeria (7.2K tons)
- Israel (7.1K tons)
- Kenya (6.8K tons)
This report provides an in-depth analysis of the market for polypropylene in primary forms 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 20165130 - Polypropylene, 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
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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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This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
56
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
928
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
34
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
593
This report provides an in-depth analysis of the market for polypropylene in primary forms in India.
56
This report provides an in-depth analysis of the market for polyolefins other than polypropylene in India.
928
This report provides an in-depth analysis of the global market for polypropylene in primary forms.
34
This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
533
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
255
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
657
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
99
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
533
Indian exports of primary polypropylene skyrocketed from 518K tons in 2019 to 794K tons in 2020 due to robust supplies to China, Turkey and Vietnam. In value terms, exports reached $673M, rising by +22.5% y-o-y in 2020. China remains the largest importer, accounting for 44% of total polypropylene exports from India. Turkey and Vietnam were distantly following China. Last year, China boosted its purchases from 130K tons in 2019 to 352K tons in 2020, while Turkey saw a 12%-growth. Vietnam has also significantly increased the imports from India. In 2020, the average export price for primary polypropylene from India amounted to $847 per ton, dropping by -20.1% y-o-y.
255
Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
657
The global polypropylene market revenue amounted to $76.8B in 2017, jumping by 16% against the previous year. This figure ...
99
Explore the top import markets for polyolefins other than polypropylene, including China, Germany, Italy, France, and more. Learn about key statistics and market insights.
