India: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in India

The Indian carbon dioxide market dropped modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Carbon dioxide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Carbon Dioxide Production in India

In value terms, carbon dioxide production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14%. Carbon dioxide production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Carbon Dioxide Exports

Exports from India

In 2022, shipments abroad of carbon dioxide increased by 70% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 370% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, carbon dioxide exports soared to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 335% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons), Nepal (X tons) and Sri Lanka (X tons) were the main destinations of carbon dioxide exports from India, together accounting for 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +164.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbon dioxide exported from India were Bangladesh ($X), Sri Lanka ($X) and Nepal ($X), with a combined 77% share of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +143.6%, 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

The average carbon dioxide export price stood at $X per ton in 2022, growing by 5.2% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 7.8%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+2.1%), while the prices for the other major destinations experienced a decline.

Carbon Dioxide Imports

Imports into India

Carbon dioxide imports into India soared to X tons in 2022, rising by 35% compared with the previous year's figure. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2016 when imports increased by 320%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, carbon dioxide imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 799% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Vietnam (X tons), Germany (X tons) and China (X tons) were the main suppliers of carbon dioxide imports to India, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +655.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon dioxide suppliers to India were Vietnam ($X), Germany ($X) and China ($X), together comprising 95% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +723.2%, 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

The average carbon dioxide import price stood at $X per ton in 2022, growing by 50% against the previous year. Over the period under review, the import price saw a strong expansion. The growth pace was the most rapid in 2013 an increase of 269% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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