India: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in India

The Indian industrial monocarboxylic fatty acids market contracted to $X in 2021, waning by -4.3% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.7% against the previous year. As a result, consumption reached the peak level of $X, and then fell slightly in the following year.

Production of Industrial Monocarboxylic Fatty Acids in India

In value terms, industrial monocarboxylic fatty acids production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from India

In 2021, shipments abroad of industrial monocarboxylic fatty acids increased by 47% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 62%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. As a result, the exports attained 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 industrial monocarboxylic fatty acids exports from India, with a 33% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.1% per year) and the Netherlands (+7.6% per year).

In value terms, the United States ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from India, comprising 28% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+26.6% per year) and the Netherlands (+5.6% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, increasing by 24% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into India

In 2021, approx. X tons of industrial monocarboxylic fatty acids were imported into India; rising by 14% against the previous year's figure. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 52%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $X in 2021. Overall, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial monocarboxylic fatty acids supplier to India, with a 65% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+4.5% per year) and Bangladesh (+58.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to India, comprising 65% of total imports. The second position in the ranking was held by Malaysia ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.5% per year) and Bangladesh (+75.0% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, surging by 52% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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