India: Lysine Market 2024

Lysine Market Size in India

The Indian lysine market was estimated at $X in 2022, with an increase of 2.3% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.3% against 2012 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Lysine Production in India

In value terms, lysine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Lysine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lysine Exports

Exports from India

In 2022, the amount of lysine and its esters, and salts thereof exported from India declined to X tons, dropping by -14.6% compared with the year before. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 189% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lysine exports dropped significantly to $X in 2022. Overall, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2015 when exports increased by 158%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), Canada (X tons) and Sri Lanka (X tons) were the main destinations of lysine exports from India, together accounting for 62% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +137.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Canada ($X) and Germany ($X) appeared to be the largest markets for lysine exported from India worldwide, together comprising 56% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +117.2%, 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 lysine export price stood at $X per ton in 2022, which is down by -13.3% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2015 an increase of 95%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Croatia (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.

Lysine Imports

Imports into India

In 2022, imports of lysine and its esters, and salts thereof into India was estimated at X tons, with an increase of 2.4% compared with the year before. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lysine imports skyrocketed to $X in 2022. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 100%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lysine to India, accounting for a 69% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+19.5% per year) and Indonesia (+3.5% per year).

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to India, comprising 62% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.8% per year) and Indonesia (+2.7% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, rising by 24% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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