India: Alcohols Market 2024

Alcohols Market Size in India

In 2020, the Indian alcohols market increased by X% to $X, rising for the third year in a row after four years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2020 and is likely to see gradual growth in the near future.

Alcohols Production in India

In value terms, alcohols production surged to $X in 2020 estimated in export price. Overall, production saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in the near future.

Alcohols Exports

Exports from India

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in years to come.

In value terms, alcohols exports reduced slightly to $X in 2020. In general, total exports indicated mild growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019, and then shrank modestly in the following year.

Exports by Country

China (X tons) was the main destination for alcohols exports from India, accounting for a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, China ($X) remains the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from India, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2020, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Nepal ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Alcohols Imports

Imports into India

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into India; dropping by X% compared with 2019 figures. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, alcohols imports dropped notably to $X in 2020. In general, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Qatar (X tons) and Oman (X tons) were the main suppliers of alcohols imports to India, with a combined X% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to India were Saudi Arabia ($X), China ($X) and Kuwait ($X), with a combined X% share of total imports. Singapore, the United States, Oman, Qatar, South Korea, Malaysia, the Netherlands, Iran and Algeria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a perceptible downturn. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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