India: Ureines Market 2024

Ureines Market Size in India

The Indian ureines market expanded significantly to $X in 2022, picking up by X% against the previous year. In general, consumption showed buoyant growth. Ureines consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Ureines Production in India

In value terms, ureines production amounted to less than $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Ureines production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Ureines Exports

Exports from India

In 2022, shipments abroad of ureines and their derivatives and salts thereof increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, ureines exports contracted markedly to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for ureines exports from India, with a X% share of total exports. Moreover, ureines exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), twofold. The United States (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Singapore ($X) remains the key foreign market for ureines and their derivatives and salts thereof exports from India, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

The average ureines export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

Ureines Imports

Imports into India

In 2022, supplies from abroad of ureines and their derivatives and salts thereof increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, ureines imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main ureines supplier to India, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of ureines and their derivatives and salts thereof to India, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average ureines import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 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 Italy ($X per ton), while the price for China amounted to $X per ton.

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

Source: IndexBox Platform

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