India: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in India

The Indian acrylic polymer market dropped to $X in 2023, remaining relatively unchanged against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Acrylic Polymer Production in India

In value terms, acrylic polymer production shrank to $X in 2023 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2012 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Acrylic Polymer Exports

Exports from India

After two years of growth, overseas shipments of acrylic polymers (in primary forms) decreased by X% to X tons in 2023. In general, total exports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, acrylic polymer exports declined rapidly to $X in 2023. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Argentina (X tons) was the main destination for acrylic polymer exports from India, with a X% share of total exports. Moreover, acrylic polymer exports to Argentina exceeded the volume sent to the second major destination, South Africa (X tons), twofold. The third position in this ranking was taken by Nigeria (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Nigeria (X% per year).

In value terms, Argentina ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from India, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Australia (X% per year).

Export Prices by Country

In 2023, the average acrylic polymer export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2023: its price 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, acrylic polymer export price increased by X% against 2017 indices. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Nigeria ($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 Chile (X%), while the prices for the other major destinations experienced mixed trend patterns.

Acrylic Polymer Imports

Imports into India

Acrylic polymer imports into India reached X tons in 2023, picking up by X% on the year before. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to continue growth in years to come.

In value terms, acrylic polymer imports shrank to $X in 2023. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest acrylic polymer supplier to India, with a X% share of total imports. Moreover, acrylic polymer imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of acrylic polymers (in primary forms) to India, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform