India - Sulphuric Acid And Oleum - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSulphuric Acid Import to India Experiences a Major Decline, Falling to $146 Million in 2023.
India Sulphuric Acid Imports
In 2023, overseas purchases of sulphuric acid and oleum decreased by -5.3% to 1.9M tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 243% against the previous year. Over the period under review, imports hit record highs at 2M tons in 2022, and then shrank in the following year.
In value terms, sulphuric acid imports contracted remarkably to $146M (IndexBox estimates) in 2023. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 218%. Imports peaked at $303M in 2022, and then shrank notably in the following year.
| COUNTRY | Import Value of Sulphuric Acid in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| South Korea | 10.3 | 14.0 | 26.3 | 13.7 | 12.6 | 29.2 | 40.8 | 22.8 | 70.3 | 114 | 67.2 |
| Japan | 20.0 | 12.2 | 25.8 | 19.4 | 5.4 | 23.8 | 19.7 | 13.4 | 47.5 | 64.0 | 37.3 |
| Philippines | 7.6 | 3.7 | 5.3 | 6.1 | 8.2 | 9.1 | 13.3 | 10.7 | 17.7 | 30.3 | 19.0 |
| China | N/A | N/A | 9.2 | 1.0 | 3.0 | 18.5 | 34.4 | 10.3 | 44.6 | 78.4 | 18.9 |
| Australia | 0.6 | N/A | N/A | N/A | 0.9 | 0.2 | 2.0 | 2.2 | 2.6 | 7.4 | 1.9 |
| Taiwan (Chinese) | N/A | N/A | 0.5 | N/A | N/A | N/A | N/A | N/A | 6.7 | 8.8 | 1.3 |
| Others | 0.3 | 0.2 | 4.2 | 1.0 | 0.3 | 0.1 | 0.7 | 0.1 | 0.1 | 0.1 | 0.1 |
| Total | 38.8 | 30.1 | 71.3 | 41.1 | 30.3 | 80.9 | 111 | 59.6 | 190 | 303 | 146 |
Imports by Country
South Korea (865K tons), Japan (478K tons) and the Philippines (317K tons) were the main suppliers of sulphuric acid imports to India, together comprising 87% of total imports. China, Australia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +212.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($67M), Japan ($37M) and the Philippines ($19M) constituted the largest sulphuric acid suppliers to India, together comprising 85% of total imports. China, Australia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.
Among the main suppliers, Taiwan (Chinese), with a CAGR of +148.0%, recorded the highest rates of growth with regard to 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 2023, the sulphuric acid price amounted to $77 per ton (CIF, India), with a decrease of -49.2% against the previous year. In general, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2022 an increase of 48% against the previous year. As a result, import price attained the peak level of $151 per ton, and then dropped notably in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($85 per ton) and Japan ($78 per ton), while the price for the Philippines ($60 per ton) and South Korea ($78 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.3%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the sulphuric 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 20132434 - Sulphuric acid, oleum
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
