India: Natural Polymers Market 2024

Natural Polymers Market Size in India

The Indian natural polymers market reduced to $X in 2021, declining by -4.7% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Natural polymers consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Natural Polymers Production in India

In value terms, natural polymers production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 66% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Natural Polymers Exports

Exports from India

In 2021, shipments abroad of natural and modified natural polymers in primary forms increased by 7.4% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2017 with an increase of 117%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports skyrocketed to $X in 2021. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 64%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), the United Arab Emirates (X tons) and the Philippines (X tons) were the main destinations of natural polymers exports from India, with a combined 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +55.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural polymers exported from India were Vietnam ($X), the Philippines ($X) and the United Arab Emirates ($X), together accounting for 27% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +45.8%, recorded the highest rates of growth with regard to 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

In 2021, the average natural polymers export price amounted to $X per ton, with an increase of 13% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural polymers export price increased by +53.4% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Hungary ($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 Philippines (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into India

In 2021, the amount of natural and modified natural polymers in primary forms imported into India dropped modestly to X tons, with a decrease of -2.7% compared with the previous year's figure. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.5% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports skyrocketed to $X in 2021. In general, imports, however, recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest natural polymers supplier to India, accounting for a 80% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and the United States (-3.6% per year).

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to India, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.0% per year) and Germany (+9.7% per year).

Import Prices by Country

The average natural polymers import price stood at $X per ton in 2021, increasing by 77% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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