Price for Ethylene Polymers; Waste, Parings and Scrap in India - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in India (CIF) - 2023
2. Price for Ethylene Polymers; Waste, Parings and Scrap in India (FOB) - 2022
3. Imports of Ethylene Polymers; Waste, Parings and Scrap in India
4. Exports of Ethylene Polymers; Waste, Parings and Scrap in India

Price for Ethylene Polymers; Waste, Parings and Scrap in India (CIF) - 2023

The average import price for ethylene polymers; waste, parings and scraps stood at $424 per ton in November 2023, reducing by -2.3% against the previous month. Overall, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in April 2023 an increase of 11% month-to-month. Over the period under review, average import prices reached the maximum at $596 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Qatar ($657 per ton), while the price for Canada ($352 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Ethylene Polymers; Waste, Parings and Scrap in India (FOB) - 2022

The average export price for ethylene polymers; waste, parings and scraps stood at $1,168 per ton in 2022, surging by 30% against the previous year. In general, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 71% against the previous year. Over the period under review, the average export prices attained the maximum at $2,700 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($3,109 per ton), while the average price for exports to Sri Lanka ($328 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 United States (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ethylene Polymers; Waste, Parings and Scrap in India

Imports of ethylene polymers; waste, parings and scraps into India skyrocketed to 72K tons in 2022, rising by 76% against 2021 figures. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 11,902% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of ethylene polymers; waste, parings and scraps skyrocketed to $44M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 19,008%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to India in 2022:

1. United States (57.6K tons)
2. Canada (5.5K tons)
3. Netherlands (3.0K tons)
4. United Arab Emirates (2.5K tons)
5. Belgium (1.6K tons)
6. Germany (0.4K tons)

Exports of Ethylene Polymers; Waste, Parings and Scrap in India

In 2022, approx. 137 tons of ethylene polymers; waste, parings and scraps were exported from India; which is down by -21.1% against the previous year's figure. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 524% against the previous year. As a result, the exports reached the peak of 174 tons, and then reduced remarkably in the following year.

In value terms, exports of ethylene polymers; waste, parings and scraps amounted to $160K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 964% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from India in 2022:

1. Sri Lanka (49.0 tons)
2. Germany (37.3 tons)
3. Bangladesh (27.0 tons)
4. United States (18.1 tons)
5. Tanzania (2.7 tons)
6. Ireland (2.2 tons)

Source: IndexBox Market Intelligence Platform