India: Epoxide Resin Market 2024

Epoxide Resin Market Size in India

The Indian epoxide resin market expanded sharply to $X in 2023, picking up by X% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Epoxide Resin Production in India

In value terms, epoxide resin production rose sharply to $X in 2023 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Epoxide Resin Exports

Exports from India

In 2023, the amount of epoxide resins exported from India fell markedly to X tons, with a decrease of X% against 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, epoxide resin exports contracted rapidly to $X in 2023. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then declined dramatically in the following year.

Exports by Country

The Netherlands (X tons), Italy (X tons) and Germany (X tons) were the main destinations of epoxide resin exports from India, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for epoxide resin exported from India were the Netherlands ($X), Italy ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average epoxide resin export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into India

In 2023, imports of epoxide resins into India reached X tons, flattening at the previous year's figure. Overall, total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, epoxide resin imports reduced sharply to $X in 2023. In general, imports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then reduced notably in the following year.

Imports by Country

South Korea (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of epoxide resin imports to India, together accounting for X% of total imports. The Netherlands, China, Germany, Japan, the United States, Spain and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest epoxide resin suppliers to India were South Korea ($X), Thailand ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. The Netherlands, China, Germany, Japan, the United States, Italy and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average epoxide resin import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then fell sharply in the following year.

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 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform