India: Polyacetals Market 2024

Polyacetals Market Size in India

The Indian polyacetals market rose notably to $X in 2021, with an increase of 6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Polyacetals consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Polyacetals Production in India

In value terms, polyacetals production stood at $X in 2021 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 37%. Polyacetals production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Polyacetals Exports

Exports from India

For the fourth year in a row, India recorded growth in shipments abroad of polyacetals in primary forms, which increased by 227% to X tons in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), Malaysia (X tons) and China (X tons) were the main destinations of polyacetals exports from India, together accounting for 55% of total exports. Vietnam, Canada, the United States, Singapore, Bangladesh, the United Arab Emirates and Germany lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +838.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyacetals exported from India were Thailand ($X), China ($X) and Malaysia ($X), with a combined 54% share of total exports. These countries were followed by Canada, Vietnam, the United States, Singapore, Bangladesh, the United Arab Emirates and Germany, which together accounted for a further 30%.

Canada, with a CAGR of +865.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyacetals export price stood at $X per ton in 2021, surging by 33% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into India

In 2021, polyacetals imports into India soared to X tons, rising by 17% against the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 27% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, polyacetals imports soared to $X in 2021. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of polyacetals imports to India, together accounting for 69% of total imports. These countries were followed by the United States, Singapore, Belgium, the Netherlands, Japan, China and Germany, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyacetals suppliers to India were Malaysia ($X), South Korea ($X) and Thailand ($X), together accounting for 69% of total imports. The United States, Singapore, Japan, the Netherlands, Belgium, China and Germany lagged somewhat behind, together comprising a further 28%.

Belgium, with a CAGR of +41.9%, 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 polyacetals import price stood at $X per ton in 2021, rising by 16% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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