India: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in India

In 2021, the Indian market for polyethylene with a specific gravity of less than X, in primary forms increased by 5% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, recorded a noticeable downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in India

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reached $X in 2021 estimated in export price. Over the period under review, production showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from India

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by -47.9% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 297% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms dropped rapidly to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 230%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from India, accounting for a 31% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to China exceeded the volume sent to the second major destination, Kenya (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +58.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+31.9% per year) and Turkey (+9.8% per year).

In value terms, China ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from India, comprising 27% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by Kenya, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9.8% per year) and Kenya (+29.2% per year).

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, surging by 61% against the previous year. Over the period under review, the export price, however, saw a mild slump. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Portugal ($X per ton), while the average price for exports to Pakistan ($X per ton) and China ($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 Nepal (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into India

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into India expanded to X tons, with an increase of 1.9% compared with 2020 figures. Over the period under review, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2015 when imports increased by 14% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, imports, however, showed a slight shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Singapore (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to India, together comprising 47% of total imports. These countries were followed by the United States, Qatar, Malaysia, Thailand, South Korea, Belgium, Iran and the Netherlands, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to India were the United Arab Emirates ($X), Saudi Arabia ($X) and Singapore ($X), together comprising 47% of total imports. These countries were followed by Qatar, the United States, Malaysia, Thailand, South Korea, Belgium, the Netherlands and Iran, which together accounted for a further 41%.

In terms of the main suppliers, Belgium, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with an increase of 42% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 South Korea ($X per ton), while the price for Iran ($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 Netherlands (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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