India: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in India

The Indian peroxides of sodium market contracted to $X in 2021, which is down by -11.8% against the previous year. Over the period under review, consumption recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Peroxides Of Sodium Production in India

In value terms, peroxides of sodium production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Peroxides Of Sodium Exports

Exports from India

Peroxides of sodium exports from India surged to X tons in 2021, increasing by 165% against 2020. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 507% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, peroxides of sodium exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 602% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for peroxides of sodium exports from India, accounting for a 79% share of total exports. Moreover, peroxides of sodium exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), sevenfold. The third position in this ranking was taken by Russia (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +76.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2,104.8% per year) and Russia (0.0% per year).

In value terms, South Korea ($X) remains the key foreign market for peroxides of sodium or potassium exports from India, comprising 64% of total exports. The second position in the ranking was held by Russia ($X), with a 28% share of total exports. It was followed by the United States, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea amounted to +132.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and the United States (+3.4% per year).

Export Prices by Country

The average peroxides of sodium export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 208% 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.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Nepal ($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 Iran (-1.9%), while the prices for the other major destinations experienced a decline.

Peroxides Of Sodium Imports

Imports into India

In 2021, approx. X tons of peroxides of sodium or potassium were imported into India; growing by 76% against the previous year. Overall, imports, however, continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 237%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, peroxides of sodium imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible slump. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X kg), Hong Kong SAR (X kg) and France (X kg) were the main suppliers of peroxides of sodium imports to India, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Hong Kong SAR ($X) constituted the largest peroxides of sodium suppliers to India, together accounting for 80% of total imports.

Hong Kong SAR, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average peroxides of sodium import price stood at $X per ton in 2021, rising by 141% against the previous year. Overall, the import price saw a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 320% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 (+71.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :