India: Acetone Market 2025

Acetone Market Size in India

The Indian acetone market skyrocketed to $X in 2021, surging by 20% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetone Production in India

In value terms, acetone production rose significantly to $X in 2021 estimated in export price. Over the period under review, production posted perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to see steady growth in years to come.

Acetone Exports

Exports from India

In 2021, shipments abroad of acetone increased by 49% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 351%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, acetone exports surged to $X in 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 219% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Brazil (X tons) and Iran (X tons) were the main destinations of acetone exports from India, with a combined 37% share of total exports. These countries were followed by the Netherlands, Turkey, Mexico, the United States, Kenya, the United Arab Emirates, Jordan, Sri Lanka, Tanzania and Italy, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +1,634.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Iran ($X) were the largest markets for acetone exported from India worldwide, together accounting for 40% of total exports. These countries were followed by the Netherlands, Turkey, the United States, Mexico, Kenya, Jordan, the United Arab Emirates, Sri Lanka, Tanzania and Italy, which together accounted for a further 46%.

In terms of the main countries of destination, Turkey, with a CAGR of +1,167.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acetone export price amounted to $X per ton, with an increase of 22% against the previous year. Overall, the export price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Acetone Imports

Imports into India

In 2021, overseas purchases of acetone increased by 41% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.8% against 2019 indices. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, acetone imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 75% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of acetone imports to India, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +89.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and South Korea ($X) appeared to be the largest acetone suppliers to India, together accounting for 80% of total imports.

China, with a CAGR of +76.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acetone import price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 67%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and South Korea ($X per ton), while the price for the Netherlands ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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