Southern Asia: Market for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives 2024

Market Size for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in Southern Asia

In 2023, the South Asian market for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in Southern Asia

In value terms, production of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives fell modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a slight descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Exports in Southern Asia

In 2023, approx. X tons of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives were exported in Southern Asia; picking up by X% compared with the previous year's figure. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives surged to $X in 2023. Overall, exports recorded measured growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives supplier in Southern Asia.

In India, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a deep setback. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Imports in Southern Asia

In 2023, the amount of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives imported in Southern Asia expanded significantly to X tons, increasing by X% on the previous year. In general, imports, however, showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives reduced to $X in 2023. Overall, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X tons) represented the main importer of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives, constituting X% of total imports. Afghanistan (X tons) took the second position in the ranking, followed by Pakistan (X tons). All these countries together held approx. X% share of total imports.

Imports into India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Afghanistan (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) constitutes the largest market for imported acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

In India, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform