India: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2025

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in India

The Indian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms declined modestly to $X in 2022, waning by -4.8% against the previous year. In general, consumption saw a slight slump. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in India

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 26%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from India

In 2022, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from India; picking up by 39% on 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 107%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2022. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Bahrain (X tons), Italy (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from India, with a combined 29% share of total exports. Israel, Uruguay, Bangladesh, Nigeria, Tanzania, Ecuador, Belgium, Turkey, Egypt and Syrian Arab Republic lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +24.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Bahrain ($X) and the United Arab Emirates ($X) constituted the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from India worldwide, with a combined 26% share of total exports.

Among the main countries of destination, Bahrain, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, reducing by -13.5% against the previous year. Overall, the export price recorded a pronounced contraction. The growth pace was the most rapid in 2018 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into India

In 2022, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2018 with an increase of 196% against the previous year. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose sharply to $X in 2022. Over the period under review, imports, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of 66%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Iran (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to India, with a combined 82% share of total imports. Taiwan (Chinese), Malaysia, Oman, Indonesia, Thailand, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of -15.4%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Iran ($X) and the United Arab Emirates ($X) appeared to be the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to India, with a combined 88% share of total imports. Taiwan (Chinese), Oman, Malaysia, Indonesia, South Korea, Thailand and Saudi Arabia lagged somewhat behind, together comprising a further 10%.

Oman, with a CAGR of -29.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 19%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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