India: Paraformaldehyde Market 2024

Paraformaldehyde Market Size in India

In 2022, the Indian paraformaldehyde market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a slight setback. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Paraformaldehyde Exports

Exports from India

In 2022, after three years of growth, there was significant decline in shipments abroad of paraformaldehyde, when their volume decreased by X% to X tons. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, paraformaldehyde exports declined sharply to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for paraformaldehyde exports from India, accounting for a X% share of total exports. Moreover, paraformaldehyde exports to Bangladesh exceeded the volume sent to the second major destination, Uganda (X tons), tenfold. The third position in this ranking was held by Tanzania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Tanzania (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for paraformaldehyde exports from India, comprising X% of total exports. The second position in the ranking was held by Uganda ($X), with an X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2022, the average paraformaldehyde export price amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uganda ($X per ton) and Kenya ($X per ton), while the average price for exports to Tanzania ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paraformaldehyde Imports

Imports into India

In 2022, paraformaldehyde imports into India dropped remarkably to X tons, waning by X% against the previous year's figure. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, paraformaldehyde imports reached $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest paraformaldehyde supplier to India, with a X% share of total imports. Moreover, paraformaldehyde imports from Spain exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, Spain ($X) constituted the largest supplier of paraformaldehyde to India, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average paraformaldehyde import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paraformaldehyde import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and Indonesia ($X per ton), while the price for the United Arab Emirates ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :