India: Solid Biofuel Market 2025

Solid Biofuel Market Size in India

The Indian solid biofuel market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, showed a perceptible shrinkage. Solid biofuel consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Solid Biofuel Production in India

In value terms, solid biofuel production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of X%. Solid biofuel production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Solid Biofuel Exports

Exports from India

In 2022, after five years of growth, there was significant decline in overseas shipments of solid biofuels, when their volume decreased by X% to X tons. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, solid biofuel exports expanded remarkably to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Bhutan (X tons) was the main destination for solid biofuel exports from India, with a X% share of total exports. It was followed by Sri Lanka (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bhutan stood at X%.

In value terms, Bhutan ($X) remains the key foreign market for solid biofuels exports from India, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bhutan stood at X%.

Export Prices by Country

The average solid biofuel export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a pronounced reduction. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 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 Sri Lanka ($X per ton), while the average price for exports to Bhutan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%).

Solid Biofuel Imports

Imports into India

In 2022, supplies from abroad of solid biofuels decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell sharply in the following year.

In value terms, solid biofuel imports declined rapidly to $X in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Bhutan (X tons) and Indonesia (X tons) were the main suppliers of solid biofuel imports to India, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest solid biofuel suppliers to India were China ($X), Indonesia ($X) and Sri Lanka ($X), together accounting for X% of total imports.

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

Import Prices by Country

The average solid biofuel import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Sri Lanka ($X per ton), while the price for Bhutan ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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