Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India - 2023

Contents:

1. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India (CIF) - 2023
2. Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India (FOB) - 2023
3. Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India
4. Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India (CIF) - 2023

The average import price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses stood at $3,142 per ton in November 2023, which is down by -26.5% against the previous month. Overall, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 18% month-to-month. Over the period under review, average import prices reached the peak figure at $5,011 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($16,200 per ton), while the price for Turkey ($1,975 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 Ireland (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India (FOB) - 2023

The average export price for cellulose ethers; carboxymethylcellulose and its salts, in primary formses stood at $2,157 per ton in November 2023, increasing by 2.6% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 34% m-o-m. As a result, the export price attained the peak level of $2,896 per ton. From May 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Bangladesh ($17,277 per ton), while the average price for exports to Tanzania ($277 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India

For the fourth consecutive year, India recorded growth in supplies from abroad of cellulose ethers; carboxymethylcellulose and its salts, in primary formses, which increased by 2.4% to 17K tons in 2022. The total import volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses soared to $77M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms to India in 2022:

1. China (9.3K tons)
2. Finland (2.7K tons)
3. Italy (0.9K tons)
4. Ireland (0.9K tons)
5. Turkey (0.6K tons)
6. France (0.5K tons)
7. Germany (0.5K tons)
8. Netherlands (0.2K tons)
9. Belgium (0.2K tons)

Exports of Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms in India

In 2022, the amount of cellulose ethers; carboxymethylcellulose and its salts, in primary formses exported from India expanded significantly to 6.1K tons, surging by 10% compared with the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of cellulose ethers; carboxymethylcellulose and its salts, in primary formses skyrocketed to $14M in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for Cellulose Ethers; Carboxymethylcellulose and Its Salts, in Primary Forms from India in 2022:

1. Bangladesh (1213.6 tons)
2. Vietnam (824.4 tons)
3. Philippines (655.1 tons)
4. Kenya (609.5 tons)
5. Tanzania (561.7 tons)
6. Qatar (222.5 tons)
7. Egypt (220.9 tons)
8. United Arab Emirates (192.5 tons)
9. United States (159.0 tons)
10. Nigeria (116.7 tons)
11. Australia (113.1 tons)
12. Iraq (106.0 tons)
13. Iran (97.9 tons)

Source: IndexBox Market Intelligence Platform