India: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in India

In 2022, the Indian magnesium hydroxide and peroxide market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from India

In 2022, overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -1.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 69% against the previous year. The exports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, magnesium hydroxide and peroxide exports totaled $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 75% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Pakistan (X tons), Indonesia (X tons) and the United Arab Emirates (X tons) were the main destinations of magnesium hydroxide and peroxide exports from India, with a combined 43% share of total exports. Bangladesh, Mexico, Israel, Thailand, Vietnam, Ghana, Afghanistan, South Africa, Iran and Myanmar lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +69.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Indonesia ($X) and Mexico ($X) constituted the largest markets for magnesium hydroxide and peroxide exported from India worldwide, with a combined 37% share of total exports. Iran, Pakistan, the United Arab Emirates, Thailand, Vietnam, Ghana, South Africa, Israel, Afghanistan and Myanmar lagged somewhat behind, together accounting for a further 42%.

Myanmar, with a CAGR of +55.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, surging by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2013 an increase of 38% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to the United Arab Emirates ($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 Thailand (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into India

After four years of decline, overseas purchases of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 3.2% to X tons in 2022. Overall, imports showed notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by 114%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest magnesium hydroxide and peroxide supplier to India, accounting for a 26% share of total imports. Moreover, magnesium hydroxide and peroxide imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Latvia (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.6% per year) and Latvia (+52.8% per year).

In value terms, China ($X), the UK ($X) and South Korea ($X) constituted the largest magnesium hydroxide and peroxide suppliers to India, together accounting for 49% of total imports. Japan, Slovenia, Austria, Russia, the Netherlands, Latvia, the United States, Italy and Estonia lagged somewhat behind, together comprising a further 39%.

Latvia, with a CAGR of +64.1%, 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

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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