India: Fluoropolymers Market 2024

Fluoropolymers Market Size in India

In 2021, the Indian fluoropolymers market decreased by -0.7% to $X, falling for the second year in a row after eight years of growth. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Fluoropolymers Production in India

In value terms, fluoropolymers production totaled $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. Fluoropolymers production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fluoropolymers Exports

Exports from India

In 2021, fluoropolymers exports from India soared to X tons, increasing by 42% compared with 2020 figures. Over the period under review, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers exports soared to $X in 2021. In general, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Germany (X tons) and Italy (X tons) were the main destinations of fluoropolymers exports from India, together accounting for 70% of total exports. Turkey, the UK, China, Brazil, Japan, Canada, Belgium and South Korea lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +130.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluoropolymers exported from India were the United States ($X), Germany ($X) and Italy ($X), together comprising 68% of total exports. Turkey, the UK, Japan, China, Brazil, Belgium, Canada and South Korea lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Belgium, with a CAGR of +142.0%, recorded the highest growth rate of 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 fluoropolymers export price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 Belgium (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into India

In 2021, overseas purchases of fluoropolymers were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 40%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fluoropolymers imports surged to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 39%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of fluoropolymers imports to India, with a combined 53% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Japan ($X) constituted the largest fluoropolymers suppliers to India, together comprising 63% of total imports. The Netherlands, Italy, Germany, Singapore, Russia and South Korea lagged somewhat behind, together comprising a further 25%.

Russia, with a CAGR of +48.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fluoropolymers import price amounted to $X per ton, with an increase of 6.8% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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