Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India (CIF) - 2022
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India (FOB) - 2023
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India (CIF) - 2022

The average import price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $7,418 per ton in 2022, rising by 29% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for polymers, natural; alginic acid, its salts and esters, in primary formses increased by +69.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 31%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 UK ($43,164 per ton), while the price for China ($5,241 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India (FOB) - 2023

In October 2023, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $20,955 per ton, growing by 3.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 164% against the previous month. The export price peaked at $36,708 per ton in April 2023; however, from May 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($24,800 per ton), while the average price for exports to Bangladesh ($4,267 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India

For the third year in a row, India recorded decline in supplies from abroad of polymers, natural; alginic acid, its salts and esters, in primary formses, which decreased by -10.6% to 2.2K tons in 2022. Over the period under review, imports continue to indicate a abrupt decline. The smallest decline of -2.8% was in 2021.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses soared to $16M in 2022. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 27%.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to India in 2022:

1. China (1896.4 tons)
2. Norway (69.6 tons)
3. United Kingdom (49.6 tons)
4. Czech Republic (44.5 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in India

Exports of polymers, natural; alginic acid, its salts and esters, in primary formses from India surged to 184 tons in 2022, rising by 58% against the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 126% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses skyrocketed to $2.6M in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 130%. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from India in 2022:

1. Algeria (54.8 tons)
2. Bangladesh (27.9 tons)
3. United Arab Emirates (12.6 tons)
4. Russia (12.6 tons)
5. Nepal (10.5 tons)
6. Pakistan (8.0 tons)
7. Mexico (8.0 tons)
8. South Africa (6.6 tons)
9. Tanzania (6.5 tons)
10. Malawi (5.1 tons)
11. Morocco (4.6 tons)
12. Colombia (4.0 tons)
13. Turkey (3.8 tons)

Source: IndexBox Market Intelligence Platform