India: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in India

In 2021, after two years of growth, there was decline in the Indian market for inorganic oxygen compounds of non-metals, when its value decreased by -1.3% to $X. Over the period under review, consumption, however, continues to indicate a resilient expansion. Inorganic oxygen compounds of non-metals consumption peaked at $X in 2020, and then declined slightly in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in India

In value terms, inorganic oxygen compounds of non-metals production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 78% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from India

In 2021, the amount of inorganic oxygen compounds of non-metals exported from India soared to X tons, surging by 45% on 2020 figures. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 547% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals exports soared to $X in 2021. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 587% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and the United States (X tons) were the main destinations of inorganic oxygen compounds of non-metals exports from India, with a combined 47% share of total exports. Saudi Arabia, Tanzania, Nepal, Sri Lanka, the Philippines, Malaysia, Oman, Kenya, Turkey and Bhutan lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +102.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from India, comprising 38% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Bangladesh, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +64.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+54.5% per year) and Bangladesh (+6.5% per year).

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the export price saw a resilient expansion. The growth pace was the most rapid in 2016 when the average export price increased by 53% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($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 the United States (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into India

In 2021, inorganic oxygen compounds of non-metals imports into India skyrocketed to X tons, increasing by 120% on the year before. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 129%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to India, with a 55% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+36.6% per year) and Vietnam (+43.3% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest inorganic oxygen compounds of non-metals suppliers to India, together accounting for 62% of total imports. These countries were followed by Belgium, Vietnam, Taiwan (Chinese), Egypt and Australia, which together accounted for a further 7.9%.

Among the main suppliers, Vietnam, with a CAGR of +41.3%, saw the highest growth rate of the value of imports, 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 import price for inorganic oxygen compounds of non-metals amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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