India: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in India

In 2021, the Indian anti-freezing preparations market decreased by -36.5% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Anti-Freezing Preparations Exports

Exports from India

In 2021, exports of anti-freezing preparations and prepared de-icing fluids from India soared to X tons, rising by 96% on the previous year's figure. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations exports surged to $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 109%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Singapore (X tons), Nepal (X tons) and Sri Lanka (X tons) were the main destinations of anti-freezing preparations exports from India, together accounting for 40% of total exports. These countries were followed by Libya, Thailand, Bangladesh, Malaysia, Bhutan, Qatar, Egypt, Iraq, Oman and Nigeria, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +17,935.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anti-freezing preparations exported from India were Nepal ($X), Singapore ($X) and Sri Lanka ($X), with a combined 43% share of total exports. These countries were followed by Bangladesh, Bhutan, Malaysia, Thailand, Egypt, Qatar, Oman, Nigeria, Libya and Iraq, which together accounted for a further 43%.

Among the main countries of destination, Iraq, with a CAGR of +17,478.5%, saw 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

The average anti-freezing preparations export price stood at $X per ton in 2021, dropping by -12.8% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2014 an increase of 16%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nepal ($X per ton), while the average price for exports to Libya ($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 Nepal (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Anti-Freezing Preparations Imports

Imports into India

In 2021, after two years of decline, there was significant growth in overseas purchases of anti-freezing preparations and prepared de-icing fluids, when their volume increased by 14% to X tons. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of anti-freezing preparations imports to India, together comprising 56% of total imports. These countries were followed by Australia, Thailand, the United States and China, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to India were Belgium ($X), Germany ($X) and South Korea ($X), together comprising 44% of total imports. Australia, China, the United States and Thailand lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Australia, with a CAGR of +21.8%, saw 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

The average anti-freezing preparations import price stood at $X per ton in 2021, rising by 17% against the previous year. In general, the import price, however, continues to indicate a slight slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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