India: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in India

After nine years of growth, the Indian oxygen-function amino-compound market decreased by -0.1% to $X in 2021. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Oxygen-Function Amino-Compound Production in India

In value terms, oxygen-function amino-compound production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Oxygen-Function Amino-Compound Exports

Exports from India

In 2021, exports of oxygen-function amino-compounds from India expanded sharply to X tons, picking up by 13% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 22%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, oxygen-function amino-compound exports surged to $X in 2021. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 35%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for oxygen-function amino-compound exports from India, accounting for a 20% share of total exports. Moreover, oxygen-function amino-compound exports to the United States exceeded the volume sent to the second major destination, Ireland (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+4.8% per year) and Nigeria (+46.4% per year).

In value terms, the United States ($X) remains the key foreign market for oxygen-function amino-compounds exports from India, comprising 23% of total exports. The second position in the ranking was taken by Ireland ($X), with a 4.1% share of total exports. It was followed by Germany, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+10.6% per year) and Germany (+4.5% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, rising by 8.2% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oxygen-function amino-compound export price increased by +62.9% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 22%. The export price peaked in 2021 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 Japan ($X per ton), while the average price for exports to South Africa ($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 South Korea (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into India

For the sixth consecutive year, India recorded growth in overseas purchases of oxygen-function amino-compounds, which increased by 5.3% to X tons in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 increased by +68.4% against 2012 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, oxygen-function amino-compound imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.5% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 30% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest oxygen-function amino-compound supplier to India, accounting for a 59% share of total imports. Moreover, oxygen-function amino-compound imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sevenfold. The third position in this ranking was taken by Malaysia (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.5% per year) and Malaysia (+28.2% per year).

In value terms, China ($X) constituted the largest supplier of oxygen-function amino-compounds to India, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.7% share of total imports. It was followed by the United States, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and the United States (+3.7% per year).

Import Prices by Country

The average oxygen-function amino-compound import price stood at $X per ton in 2021, growing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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