Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India - 2023
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India (FOB) - 2022
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India (CIF) - 2023
- Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India
- Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India (FOB) - 2022
In 2022, the average export price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses amounted to $2,505 per ton, picking up by 20% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses increased by +99.7% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Germany ($8,756 per ton), while the average price for exports to Russia ($847 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 the Netherlands (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India (CIF) - 2023
The average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses stood at $743 per ton in November 2023, leveling off at the previous month. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in December 2022 when the average import price increased by 40% month-to-month. As a result, import price reached the peak level of $2,309 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -6.1% per month.
Exports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India
In 2022, exports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses from India was estimated at 10K tons, approximately mirroring 2021. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
In value terms, exports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses soared to $26M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.1 | 3.4 | 4.5 | 5.6 | 21.8% |
| Germany | 3.1 | 2.8 | 2.7 | 3.1 | 0.0% |
| United States | 3.1 | 1.1 | 1.7 | 2.8 | -3.3% |
| Belgium | 2.1 | 1.6 | 1.7 | 2.1 | 0.0% |
| Japan | 1.1 | 0.7 | 1.5 | 1.7 | 15.6% |
| Israel | 0.6 | 0.6 | 1.1 | 1.6 | 38.7% |
| Malaysia | 2.3 | 1.5 | 1.2 | 1.5 | -13.3% |
| Mexico | 0.6 | 0.5 | 0.8 | 0.8 | 10.1% |
| Cote d'Ivoire | N/A | 0.1 | 0.4 | 0.8 | 182.8% |
| Canada | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Nepal | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Brazil | 0.2 | 0.2 | 0.4 | 0.1 | -20.6% |
| Russia | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 4.0 | 2.6 | 4.8 | 4.7 | 5.5% |
| Total | 20.5 | 15.5 | 21.4 | 25.7 | 7.8% |
Top Export Markets for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters from India in 2022:
- Netherlands (1906.2 tons)
- Malaysia (1478.4 tons)
- United States (1085.9 tons)
- Belgium (958.2 tons)
- Cote d'Ivoire (812.5 tons)
- Mexico (756.0 tons)
- Canada (480.1 tons)
- Japan (369.5 tons)
- Germany (357.2 tons)
- Nepal (191.2 tons)
- Israel (183.1 tons)
- Russia (158.2 tons)
- Brazil (154.2 tons)
Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India
For the fourth consecutive year, India recorded growth in supplies from abroad of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses, which increased by 171% to 18K tons in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses skyrocketed to $20M in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 4.1 | 6.0 | 20.2 | 67.5% |
| France | 0.2 | 0.6 | 0.7 | N/A | 87.1% |
| Others | 0.3 | 0.2 | 0.8 | 0.2 | -12.6% |
| Total | 4.8 | 4.9 | 7.4 | 20.4 | 62.0% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to India in 2022:
- China (17.8K tons)
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