India: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in India

The Indian polyethylene in primary forms market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Polyethylene in primary forms consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Polyethylene in Primary Forms in India

In value terms, polyethylene in primary forms production expanded sharply to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 16%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from India

In 2021, shipments abroad of polyethylene in primary forms decreased by -51.7% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 157% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports dropped markedly to $X in 2021. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 157%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polyethylene in primary forms exports from India, accounting for a 34% share of total exports. Moreover, polyethylene in primary forms exports to China exceeded the volume sent to the second major destination, Nepal (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+28.0% per year) and Vietnam (+6.2% per year).

In value terms, China ($X) remains the key foreign market for polyethylene in primary forms exports from India, comprising 30% of total exports. The second position in the ranking was held by Nepal ($X), with a 12% share of total exports. It was followed by Vietnam, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+27.2% per year) and Vietnam (+3.7% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, jumping by 54% against the previous year. In general, the export price, however, recorded a mild slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene in Primary Forms

Imports into India

In 2021, supplies from abroad of polyethylene in primary forms increased by 10% to X tons, rising for the third consecutive year after three years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest polyethylene in primary forms supplier to India, accounting for a 36% share of total imports. Moreover, polyethylene in primary forms imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Qatar (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (-4.1% per year) and Saudi Arabia (-8.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polyethylene in primary forms to India, comprising 36% of total imports. The second position in the ranking was taken by Qatar ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (-2.7% per year) and Saudi Arabia (-8.4% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, with an increase of 36% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Thailand ($X per ton), while the price for Kuwait ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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