India: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in India

The Indian aniline derivatives market was estimated at $X in 2021, approximately mirroring the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.0% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aniline Derivatives Production in India

In value terms, aniline derivatives production stood at $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Aniline Derivatives Exports

Exports from India

In 2021, aniline derivatives exports from India was estimated at X tons, rising by 7.5% against the year before. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +17.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, aniline derivatives exports skyrocketed to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +22.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for aniline derivatives exports from India, with a 29% share of total exports. Moreover, aniline derivatives exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+23.4% per year) and the United States (+4.5% per year).

In value terms, the largest markets for aniline derivatives exported from India were China ($X), the Netherlands ($X) and the United States ($X), with a combined 50% share of total exports. Japan, Germany, Brazil, Belgium, Hungary, Bangladesh, Mexico, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

Bangladesh, with a CAGR of +82.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aniline derivatives export price stood at $X per ton in 2021, rising by 16% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 22%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Bangladesh ($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 Hungary (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aniline Derivatives Imports

Imports into India

In 2021, the amount of aniline derivatives and their salts imported into India shrank notably to X tons, reducing by -16% on 2020 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, aniline derivatives imports rose markedly to $X in 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +2.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) was the main supplier of aniline derivatives to India, accounting for a approx. 95% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.3%.

In value terms, China ($X) constituted the largest supplier of aniline derivatives and their salts to India.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.8%.

Import Prices by Country

In 2021, the average aniline derivatives import price amounted to $X per ton, picking up by 34% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 39%. The import price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +3.5% per year.

Source: IndexBox Platform

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