India: Chloroform Market 2024

Chloroform Market Size in India

In 2022, the Indian chloroform market decreased by X% to $X, falling for the seventh consecutive year after two years of growth. Overall, consumption recorded a pronounced reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Chloroform Production in India

In value terms, chloroform production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Chloroform Exports

Exports from India

Chloroform exports from India surged to X tons in 2022, increasing by X% on 2021 figures. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, chloroform exports surged to $X in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for chloroform exports from India, accounting for a X% share of total exports. Moreover, chloroform exports to the United Arab Emirates exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Iran (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for chloroform (trichloromethane) exports from India, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Iran (X% per year).

Export Prices by Country

The average chloroform export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United Arab Emirates ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Chloroform Imports

Imports into India

In 2022, supplies from abroad of chloroform (trichloromethane) decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, chloroform imports reduced to $X in 2022. Overall, imports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest chloroform supplier to India, with a X% share of total imports. Moreover, chloroform imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of chloroform (trichloromethane) to India, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and France (X% per year).

Import Prices by Country

The average chloroform import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chloroform import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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