India: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in India

In 2022, the Indian prepared additives for cements market decreased by -0.9% to $X, falling for the fourth consecutive year after five years of growth. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared additives for cements consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Prepared Additives For Cements, Mortars Or Concretes in India

In value terms, prepared additives for cements production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 24%. Prepared additives for cements production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from India

In 2022, the amount of prepared additives for cements, mortars or concretes exported from India shrank to X tons, waning by -4.4% compared with 2021 figures. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 91%. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, prepared additives for cements exports expanded rapidly to $X in 2022. In general, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 52%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons), Nepal (X tons) and the United Arab Emirates (X tons) were the main destinations of prepared additives for cements exports from India, together comprising 59% of total exports. Nigeria, Maldives, Egypt, Indonesia, Oman, Democratic Republic of the Congo, Germany, Saudi Arabia, Kenya and Singapore lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +157.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from India were Bangladesh ($X), Nepal ($X) and the United Arab Emirates ($X), with a combined 53% share of total exports. Nigeria, Indonesia, Maldives, Oman, Germany, Kenya, Egypt, Democratic Republic of the Congo, Saudi Arabia and Singapore lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Germany, with a CAGR of +152.7%, saw the highest growth rate of 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 prepared additives for cements export price stood at $X per ton in 2022, increasing by 14% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 22%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Egypt ($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 Singapore (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into India

Prepared additives for cements imports into India contracted significantly to X tons in 2022, waning by -23.1% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, prepared additives for cements imports reduced to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Greece (X tons) were the main suppliers of prepared additives for cements imports to India, together accounting for 68% of total imports. South Africa, Germany, Canada, the United States, the Netherlands, Italy, Indonesia and Hong Kong SAR lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +83.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Greece ($X) were the largest prepared additives for cements suppliers to India, together comprising 50% of total imports. The United States, Germany, the Netherlands, South Africa, Canada, Italy, Indonesia and Hong Kong SAR lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Indonesia, with a CAGR of +65.0%, saw the highest rates of growth with regard to 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 prepared additives for cements import price amounted to $X per ton, increasing by 15% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements import price increased by +29.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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