Price for Ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one) in India - 2023
Contents:
- Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India (FOB) - 2023
- Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India (CIF) - 2022
- Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India
- Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India
Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India (FOB) - 2023
In July 2023, the average export price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $17,916 per ton, waning by -26.5% against the previous month. Overall, the export price recorded a mild setback. The growth pace was the most rapid in December 2022 an increase of 75% m-o-m. As a result, the export price attained the peak level of $34,386 per ton. From January 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($182K per ton), while the average price for exports to Singapore ($4,563 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+27.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India (CIF) - 2022
In 2022, the average import price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $7,053 per ton, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 25% against the previous year. As a result, import price attained the peak level of $8,790 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($13,929 per ton), while the price for Brazil ($2,825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India
For the fourth year in a row, India recorded growth in shipments abroad of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s, which increased by 8.2% to 6.2K tons in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +44.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s expanded rapidly to $137M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 +59.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.2 | 7.9 | 29.3 | 64.8 | 131.8% |
| Italy | 11.7 | 15.7 | 21.9 | 18.3 | 16.1% |
| Switzerland | 13.3 | 10.8 | 14.6 | 16.6 | 7.7% |
| Belgium | 21.7 | 25.3 | 7.9 | 11.5 | -19.1% |
| Germany | 17.8 | 10.4 | 24.4 | 6.2 | -29.6% |
| United States | 4.0 | 3.0 | 4.5 | 3.1 | -8.1% |
| China | 0.7 | 0.4 | 1.5 | 3.0 | 62.4% |
| France | 5.9 | 4.2 | 6.5 | 0.1 | -74.3% |
| Others | 9.1 | 8.5 | 12.5 | 13.4 | 13.8% |
| Total | 89.3 | 86.1 | 123 | 137 | 15.3% |
Top Export Markets for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) from India in 2022:
- Netherlands (2910.1 tons)
- Switzerland (1740.0 tons)
- Germany (312.3 tons)
- China (239.5 tons)
- United States (229.8 tons)
- Italy (154.7 tons)
- Belgium (79.4 tons)
- France (4.6 tons)
Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India
In 2022, after three years of growth, there was significant decline in supplies from abroad of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s, when their volume decreased by -24.2% to 8.5K tons. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year.
In value terms, imports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s reduced remarkably to $60M in 2022. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 9.3% against the previous year.
| Import of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.2 | 66.2 | 67.1 | 51.6 | -4.5% |
| Italy | 1.6 | 1.7 | 2.3 | 2.4 | 14.5% |
| United States | 1.9 | 2.8 | 5.1 | 1.9 | 0.0% |
| Brazil | 1.0 | 0.9 | 0.8 | 0.9 | -3.5% |
| France | 1.5 | 0.8 | 1.0 | 0.7 | -22.4% |
| Germany | 1.0 | 1.4 | 0.9 | 0.5 | -20.6% |
| Netherlands | 1.4 | 1.5 | 0.5 | 0.2 | -47.7% |
| Others | 3.2 | 2.2 | 1.9 | 2.1 | -13.1% |
| Total | 70.8 | 77.4 | 79.6 | 60.2 | -5.3% |
Top Suppliers of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) to India in 2022:
- China (7.1K tons)
- Italy (0.5K tons)
- Brazil (0.3K tons)
- France (0.2K tons)
- United States (0.1K tons)
- Germany (0.1K tons)
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