Southern Asia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Southern Asia

The South Asian industrial monocarboxylic fatty acids market declined modestly to $X in 2021, shrinking by -5% against the previous year. Over the period under review, consumption continues to indicate a mild slump. The pace of growth was the most pronounced in 2020 with an increase of 9.8%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in Southern Asia

In value terms, industrial monocarboxylic fatty acids production declined to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Southern Asia

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported in Southern Asia; rising by 39% compared with 2020 figures. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 55%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the main exporter of industrial monocarboxylic fatty acids in Southern Asia, with the volume of exports amounting to X tons, which was near 82% of total exports in 2021. It was distantly followed by Bangladesh (X tons), achieving an 11% share of total exports. The following exporters - Nepal (X tons) and Sri Lanka (X tons) - together made up 7.2% of total exports.

Exports from India increased at an average annual rate of +18.1% from 2012 to 2021. At the same time, Nepal (+59.5%), Bangladesh (+30.0%) and Sri Lanka (+17.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +59.5% from 2012-2021. While the share of Bangladesh (+5.8 p.p.) and Nepal (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-9.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest industrial monocarboxylic fatty acids supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 6.4% share of total exports. It was followed by Sri Lanka, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +15.4%. In the other countries, the average annual rates were as follows: Bangladesh (+28.7% per year) and Sri Lanka (+18.7% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 31% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Southern Asia

In 2021, approx. X tons of industrial monocarboxylic fatty acids were imported in Southern Asia; with an increase of 9.8% compared with the previous year's figure. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, resulting at X tons, which was near 87% of total imports in 2021. Pakistan (X tons) held a 5.2% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (4.7%).

India was also the fastest-growing in terms of the industrial monocarboxylic fatty acids imports, with a CAGR of +15.6% from 2012 to 2021. Sri Lanka (-1.9%) and Pakistan (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +29 percentage points.

In value terms, India ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +16.3%. In the other countries, the average annual rates were as follows: Sri Lanka (-1.7% per year) and Pakistan (+5.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 51% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +86.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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