India - Polyurethanes In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolyurethanes Price in India - 2023
Contents:
- Polyurethanes Price in India (CIF) - 2023
- Polyurethanes Price in India (FOB) - 2023
- Polyurethanes Imports in India
- Polyurethanes Exports in India
Polyurethanes Price in India (CIF) - 2023
In July 2023, the average polyurethanes import price amounted to $2,617 per ton, which is down by -7.1% against the previous month. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 4.9% month-to-month. Over the period under review, average import prices attained the peak figure at $3,121 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($3,818 per ton), while the price for China ($2,051 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Polyurethanes Price in India (FOB) - 2023
The average polyurethanes export price stood at $2,920 per ton in July 2023, with a decrease of -2.2% against the previous month. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in June 2023 an increase of 6.7% m-o-m. The export price peaked at $3,310 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was China ($4,496 per ton), while the average price for exports to Nigeria ($2,196 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Polyurethanes Imports in India
In 2022, the amount of polyurethanes in primary forms imported into India rose rapidly to 141K tons, picking up by 8.9% compared with 2021. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, polyurethanes imports soared to $438M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Polyurethanes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.7 | 69.4 | 119 | 139 | 24.7% |
| Singapore | 73.7 | 50.5 | 85.8 | 101 | 11.1% |
| Netherlands | 48.2 | 30.7 | 36.1 | 50.0 | 1.2% |
| Germany | 20.1 | 11.4 | 15.5 | 47.0 | 32.7% |
| South Korea | 17.2 | 15.7 | 25.8 | 30.3 | 20.8% |
| Italy | 23.8 | 21.4 | 25.6 | 29.5 | 7.4% |
| Taiwan (Chinese) | 8.9 | 7.3 | 12.6 | 14.8 | 18.5% |
| Others | 37.2 | 41.0 | 45.0 | 25.8 | -11.5% |
| Total | 301 | 247 | 365 | 438 | 13.3% |
Top Suppliers of Polyurethanes to India in 2022:
- China (51.4K tons)
- Singapore (37.3K tons)
- Netherlands (16.2K tons)
- Germany (13.7K tons)
- Italy (9.1K tons)
- South Korea (8.2K tons)
- Taiwan (Chinese) (3.5K tons)
Polyurethanes Exports in India
In 2022, exports of polyurethanes in primary forms from India skyrocketed to 29K tons, rising by 16% compared with the previous year. The total export volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, polyurethanes exports skyrocketed to $91M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Polyurethanes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 9.1 | 8.1 | 11.3 | 13.6 | 14.3% |
| Bangladesh | 5.4 | 5.5 | 8.9 | 10.7 | 25.6% |
| Italy | 4.0 | 2.2 | 4.5 | 7.0 | 20.5% |
| Singapore | 5.2 | 5.6 | 5.7 | 6.9 | 9.9% |
| Pakistan | 4.5 | 4.7 | 4.8 | 6.1 | 10.7% |
| Nigeria | 3.7 | 3.6 | 4.5 | 5.5 | 14.1% |
| Malaysia | 3.7 | 4.1 | 4.1 | 4.9 | 9.8% |
| Turkey | 0.1 | 0.7 | 3.4 | 4.4 | 253.0% |
| United Arab Emirates | 1.2 | 2.1 | 3.5 | 4.3 | 53.0% |
| China | 2.5 | 3.4 | 3.1 | 3.7 | 14.0% |
| South Africa | 1.3 | 1.4 | 1.4 | 3.0 | 32.1% |
| Sri Lanka | 1.9 | 1.8 | 2.2 | 2.7 | 12.4% |
| Thailand | 1.0 | 1.4 | 1.9 | 2.3 | 32.0% |
| Others | 13.2 | 10.4 | 14.9 | 15.9 | 6.4% |
| Total | 56.7 | 55.0 | 74.2 | 91.1 | 17.1% |
Top Export Markets for Polyurethanes from India in 2022:
- Indonesia (5.2K tons)
- Bangladesh (3.4K tons)
- Singapore (2.2K tons)
- Malaysia (2.2K tons)
- Pakistan (1.9K tons)
- Italy (1.7K tons)
- Nigeria (1.7K tons)
- United Arab Emirates (1.5K tons)
- Turkey (1.3K tons)
- China (1.2K tons)
- South Africa (0.8K tons)
- Sri Lanka (0.7K tons)
- Thailand (0.7K tons)
This report provides an in-depth analysis of the polyurethanes market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165670 - Polyurethanes, in primary forms
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Polyurethanes saw a significant growth rate of 33% in March 2023, but imports decreased to $29M in November 2023.
186
The growth of Polyurethanes imports was at its fastest in March 2023 with a month-on-month increase of 33%. In terms of value, imports of Polyurethanes rose significantly to $31M in July 2023.
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Global exports of polyurethanes in primary forms dropped from $7B in 2019 to $6.3B in 2020. Germany, China, Italy and the U.S. constitute the largest polyurethane exporters worldwide, providing more than half of the total shipments. In 2020, all the key supplying countries experienced a reduction in polyurethane exports. The average polyurethane export price fell by -2.3% against the previous year. China, Vietnam and Germany remain the leading importers of polyurethane in primary forms.
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