India: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in India

In 2022, after six years of growth, there was significant decline in the Indian halogenated hydrocarbon derivative market, when its value decreased by -7.2% to $X. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Halogenated Hydrocarbon Derivative Production in India

In value terms, halogenated hydrocarbon derivative production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 56%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from India

Halogenated hydrocarbon derivative exports from India surged to X tons in 2022, with an increase of 94% on the previous year. Overall, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative exports skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. 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) was the main destination for halogenated hydrocarbon derivative exports from India, accounting for a 64% share of total exports. Moreover, halogenated hydrocarbon derivative exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+18.9% per year) and Japan (+8.6% per year).

In value terms, the United States ($X) remains the key foreign market for halogenated derivatives of hydrocarbons exports from India, comprising 44% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+42.6% per year) and the United Arab Emirates (+27.6% per year).

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, declining by -13.9% against the previous year. Overall, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($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 China (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into India

In 2022, the amount of halogenated derivatives of hydrocarbons imported into India reduced to X tons, falling by -12.3% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.0% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, halogenated hydrocarbon derivative imports contracted to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Qatar (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to India, accounting for a 36% share of total imports. Moreover, halogenated hydrocarbon derivative imports from Qatar exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Qatar stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+17.1% per year) and the United States (+9.3% per year).

In value terms, Qatar ($X), China ($X) and the United States ($X) appeared to be the largest halogenated hydrocarbon derivative suppliers to India, with a combined 67% share of total imports. Saudi Arabia, Japan, Indonesia, France and Germany lagged somewhat behind, together comprising a further 26%.

Indonesia, with a CAGR of +32.9%, saw the highest growth rate of the value of imports, among 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 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, rising by 7.7% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +98.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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