India - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Salicylic Acid Price Drops 2% to $1,766 per Ton After Two Months of Decline
India Salicylic Acid Import Price in March 2023
In March 2023, the salicylic acid price amounted to $1,766 per ton (CIF, India), which is down by -2.2% against the previous month. In general, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 35% m-o-m. As a result, import price reached the peak level of $3,714 per ton. From November 2022 to March 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was France ($4,407 per ton), while the price for Saudi Arabia ($1,168 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
| COUNTRY | Import Price of Salicylic Acid in India (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| France | 3,665 | 3,619 | 3,610 | 3,705 | 3,958 | 3,909 | 4,075 | 4,053 | 4,113 | 4,249 | 4,470 | N/A | 4,407 |
| China | 2,358 | 2,347 | 2,373 | 2,318 | 2,561 | 2,312 | 2,255 | 2,114 | 1,901 | 2,310 | 1,994 | 1,727 | 1,615 |
| Netherlands | N/A | 1,578 | 6,274 | 1,347 | 1,414 | 6,276 | N/A | N/A | 1,351 | 6,356 | N/A | 5,213 | 1,565 |
| Saudi Arabia | 957 | 858 | 1,090 | 1,210 | N/A | 954 | 1,211 | 1,172 | 1,212 | 1,196 | 1,201 | 1,154 | 1,168 |
| Average | 2,710 | 2,521 | 2,471 | 2,418 | 3,258 | 2,610 | 2,746 | 3,714 | 2,133 | 2,879 | 3,077 | 1,805 | 1,766 |
India Salicylic Acid Imports
In March 2023, the amount of salicylic acid and its salts imported into India reached 1.7K tons, picking up by 3.9% against the previous month. Over the period under review, imports continue to indicate a modest increase. The growth pace was the most rapid in August 2022 when imports increased by 130% month-to-month.
In value terms, salicylic acid imports expanded to $3M (IndexBox estimates) in March 2023. In general, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in August 2022 with an increase of 84% month-to-month.
India Salicylic Acid Imports by Country
In March 2023, China (1.6K tons) was the main supplier of salicylic acid to India, with a 93% share of total imports. It was followed by the Netherlands (48 tons), with a 2.9% share of total imports. The third position in this ranking was taken by France (40 tons), with a 2.4% share.
From March 2022 to March 2023, the average monthly growth rate of volume from China stood at +1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (-3.0% per month) and France (0.0% per month).
In value terms, China ($2.5M) constituted the largest supplier of salicylic acid to India, comprising 85% of total imports. The second position in the ranking was taken by France ($176K), with a 6% share of total imports. It was followed by the Netherlands, with a 2.5% share.
From March 2022 to March 2023, the average monthly growth rate of value from China stood at -1.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+1.6% per month) and the Netherlands (-3.1% per month).
This report provides an in-depth analysis of the salicylic acid 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 21101030 - Salicylic acid and its salts
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
