India: Thiosulphates Market 2024

Thiosulphates Market Size in India

The Indian thiosulphates market reduced remarkably to $X in 2021, dropping by -27.5% against the previous year. Overall, consumption showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Thiosulphates Production in India

In value terms, thiosulphates production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of 51% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Thiosulphates Exports

Exports from India

In 2021, approx. X tons of thiosulphates were exported from India; with an increase of 37% against 2020 figures. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 70%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, thiosulphates exports surged to $X in 2021. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 67%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Malaysia (X tons) and the United States (X tons) were the main destinations of thiosulphates exports from India, together comprising 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +86.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for thiosulphates exported from India were the United States ($X), Vietnam ($X) and Malaysia ($X), with a combined 62% share of total exports.

Malaysia, with a CAGR of +78.0%, saw the highest growth rate of 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

The average thiosulphates export price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 64%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Thiosulphates Imports

Imports into India

After four years of growth, overseas purchases of thiosulphates decreased by -7.7% to X tons in 2021. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2018 when imports increased by 88%. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, thiosulphates imports declined significantly to $X in 2021. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 88%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of thiosulphates to India, with a 93% share of total imports. Moreover, thiosulphates imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+35.2% per year) and Germany (-19.9% per year).

In value terms, China ($X) constituted the largest supplier of thiosulphates to India, comprising 91% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.4% share of total imports. It was followed by Germany, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+24.7% per year) and Germany (-30.4% per year).

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, declining by -18.8% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 78%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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