India: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in India

In 2022, the Indian polyphenols and phenol-alcohols market decreased by -6.3% to $X, falling for the third year in a row after three years of growth. In general, consumption saw a mild reduction. Polyphenols and phenol-alcohols consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Polyphenols And Phenol-Alcohols Production in India

In value terms, polyphenols and phenol-alcohols production surged to $X in 2022 estimated in export price. Overall, production enjoyed a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of 5,116,017,400% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from India

For the third consecutive year, India recorded growth in shipments abroad of polyphenols and phenol-alcohols, which increased by 12% to X tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.1% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 50% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, polyphenols and phenol-alcohols exports skyrocketed to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +10.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons), China (X tons) and the United States (X tons) were the main destinations of polyphenols and phenol-alcohols exports from India, together comprising 41% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +49.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyphenols and phenol-alcohols exported from India were the United States ($X), South Korea ($X) and China ($X), together comprising 35% of total exports.

South Korea, with a CAGR of +41.6%, 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

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, picking up by 7.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 9.7%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($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 (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into India

In 2022, overseas purchases of polyphenols and phenol-alcohols decreased by -10.7% to X tons, falling for the fourth consecutive year after seven years of growth. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -42.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports skyrocketed to $X in 2022. In general, imports, however, recorded strong growth. The growth pace was the most rapid in 2018 when imports increased by 59% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of polyphenols and phenol-alcohols imports to India, together accounting for 76% of total imports. France, Italy and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) were the largest polyphenols and phenol-alcohols suppliers to India, together accounting for 80% of total imports. France, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, France, with a CAGR of +22.7%, saw 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 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, picking up by 30% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +100.7% against 2016 indices. 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 China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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