India - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFormaldehyde Price in India - 2023
Contents:
- Formaldehyde Price in India (FOB) - 2023
- Formaldehyde Price in India (CIF) - 2022
- Formaldehyde Exports in India
- Formaldehyde Imports in India
Formaldehyde Price in India (FOB) - 2023
The average formaldehyde export price stood at $242 per ton in July 2023, which is down by -5.6% against the previous month. Overall, the export price showed a noticeable decline. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 24% month-to-month. The export price peaked at $466 per ton in November 2022; however, from December 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Chile ($823 per ton), while the average price for exports to Nepal ($189 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 Australia (0.0%), while the prices for the other major destinations experienced a decline.
Formaldehyde Price in India (CIF) - 2022
In 2022, the average formaldehyde import price amounted to $14,589 per ton, picking up by 7.6% against the previous year. In general, the import price showed a significant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 445% against the previous year. As a result, import price reached the peak level of $24,578 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 China ($20,538 per ton), while the price for the United States ($4,071 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+42.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Formaldehyde Exports in India
In 2022, exports of formaldehyde from India contracted to 15K tons, declining by -14.3% on 2021 figures. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of 17K tons, and then declined in the following year.
In value terms, formaldehyde exports fell to $5.5M in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 89%. As a result, the exports attained the peak of $5.6M, and then fell modestly in the following year.
Export of Formaldehyde in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nepal | 2,426 | 1,962 | 3,363 | 2,617 | 2.6% |
Chile | 1.8 | N/A | 933 | 1,898 | 917.8% |
Bhutan | 1.7 | 96.7 | 309 | 288 | 453.3% |
Kenya | 139 | 175 | 205 | 163 | 5.5% |
Others | 797 | 758 | 831 | 540 | -12.2% |
Total | 3,366 | 2,993 | 5,642 | 5,505 | 17.8% |
Top Export Markets for Formaldehyde from India in 2022:
- Nepal (11.6K tons)
- Bhutan (1.1K tons)
- Chile (0.7K tons)
- Kenya (0.4K tons)
Formaldehyde Imports in India
In 2022, the amount of formaldehyde imported into India surged to 16 tons, with an increase of 37% against the previous year. Over the period under review, imports, however, showed a deep setback.
In value terms, formaldehyde imports surged to $233K in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 102%. As a result, imports attained the peak of $244K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Formaldehyde in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 78.9 | 148 | 107 | 149 | 23.6% |
Germany | 15.7 | 36.8 | 29.8 | 45.6 | 42.7% |
Spain | 4.3 | 13.8 | 13.3 | 24.1 | 77.6% |
United States | 8.5 | 9.9 | 6.4 | 8.2 | -1.2% |
United Kingdom | 0.3 | 1.1 | 0.8 | 5.6 | 165.3% |
Singapore | 1.1 | N/A | 0.2 | N/A | -57.4% |
Qatar | 9.5 | N/A | N/A | N/A | 0% |
Others | 2.4 | 34.0 | 1.5 | 0.2 | -56.3% |
Total | 121 | 244 | 159 | 233 | 24.4% |
Top Suppliers of Formaldehyde to India in 2022:
- China (7.3 tons)
- Spain (3.3 tons)
- Germany (2.7 tons)
- United States (2.0 tons)
- United Kingdom (0.7 tons)
This report provides an in-depth analysis of the formaldehyde 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 20146111 - Methanal (formaldehyde)
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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In value terms, halogenated, sulphonated, nitrated aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...