India: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in India

In 2020, the Indian acyclic hydrocarbons market increased by X% to $X for the first time since 2014, thus ending a five-year declining trend. In general, consumption, however, showed a deep reduction. Acyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in India

In value terms, acyclic hydrocarbons production dropped sharply to $X in 2020 estimated in export price. Overall, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Acyclic hydrocarbons production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

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Acyclic Hydrocarbons Exports

Exports from India

In 2020, overseas shipments of acyclic hydrocarbons decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2020, the growth of the exports remained at a lower figure.

In value terms, acyclic hydrocarbons exports fell markedly to $X in 2020. Overall, exports showed a slight shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for acyclic hydrocarbons exports from India, accounting for a X% share of total exports. Moreover, acyclic hydrocarbons exports to Saudi Arabia exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and China (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for acyclic hydrocarbons exports from India, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into India

In 2020, supplies from abroad of acyclic hydrocarbons increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons imports soared to $X in 2020. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the United States (X tons) constituted the largest supplier of acyclic hydrocarbons to India, with a X% share of total imports. It was followed by Saudi Arabia (X tons), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) constituted the largest supplier of acyclic hydrocarbons to India, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, 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 South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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