India - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTanker Price in India - 2023
Contents:
- Tanker Price in India (CIF) - 2023
- Tanker Price in India (FOB) - 2023
- Tanker Imports in India
- Tanker Exports in India
Tanker Price in India (CIF) - 2023
The average tanker import price stood at $21.0M per unit in September 2023, standing approximately at the previous month. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 511% against the previous month. Over the period under review, average import prices hit record highs at $27.3M per unit in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From September 2022 to September 2023, the rate of growth in terms of prices for Singapore amounted to +18.1% per month.
Tanker Price in India (FOB) - 2023
The average tanker export price stood at $9.2M per unit in September 2023, flattening at the previous month. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in May 2023 an increase of 96% month-to-month. The export price peaked at $26.3M per unit in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United Arab Emirates ($14.0M per unit), while the average price for exports to Singapore ($5.0M per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Tanker Imports in India
In 2022, imports of tankers into India dropped dramatically to 13 units, which is down by -31.6% compared with 2021. Over the period under review, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 171%. As a result, imports attained the peak of 19 units, and then contracted rapidly in the following year.
In value terms, tanker imports contracted notably to $353M in 2022. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 159% against the previous year. As a result, imports attained the peak of $517M, and then plummeted in the following year.
| Import of Tanker in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 52.6 | 12.3 | 112 | 94.5 | 21.6% |
| Saudi Arabia | 7.4 | 9.5 | 81.8 | 26.3 | 52.6% |
| Japan | 13.4 | 6.3 | 7.3 | 24.6 | 22.4% |
| Singapore | 28.4 | 1.6 | 12.7 | 14.1 | -20.8% |
| Denmark | 3.2 | N/A | N/A | 9.4 | 43.2% |
| China | 7.2 | 4.3 | 8.8 | 6.3 | -4.4% |
| South Korea | 59.2 | 66.2 | 64.1 | 5.9 | -53.6% |
| Turkey | 1.6 | 1.1 | 2.8 | 2.3 | 12.9% |
| Others | 106 | 97.9 | 228 | 169 | 16.8% |
| Total | 279 | 199 | 517 | 353 | 8.2% |
Top Suppliers of Tanker to India in 2022:
- United Arab Emirates (5.0 units)
- Turkey (2.0 units)
- Saudi Arabia (1.0 units)
- Singapore (1.0 units)
- China (1.0 units)
- Japan (1.0 units)
- Denmark (1.0 units)
Tanker Exports in India
In 2022, exports of tankers from India surged to 26 units, picking up by 189% compared with 2021. In general, exports posted a significant increase. The exports peaked at 28 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, tanker exports surged to $584M in 2022. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tanker in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 114 | 194 | 63.4 | 295 | 37.3% |
| Indonesia | 8.1 | 16.6 | 27.2 | 110 | 138.6% |
| Oman | 5.5 | 4.6 | 3.0 | 66.5 | 129.5% |
| Sri Lanka | 164 | 139 | 12.3 | 35.8 | -39.8% |
| Saudi Arabia | N/A | 24.3 | 2.4 | 30.1 | 11.3% |
| United Arab Emirates | 53.4 | 58.1 | 8.4 | 12.0 | -39.2% |
| Others | 36.0 | 9.6 | 63.5 | 34.4 | -1.5% |
| Total | 380 | 446 | 180 | 584 | 15.4% |
Top Export Markets for Tanker from India in 2022:
- Singapore (10.0 units)
- United Arab Emirates (7.0 units)
- Indonesia (4.0 units)
- Oman (2.0 units)
- Saudi Arabia (1.0 units)
- Sri Lanka (1.0 units)
This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
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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