Chemicals Industry and Exports

Last Updated: December, 2018

Introduction

Basic chemicals and their related products (petrochemicals, fertilisers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, etc.) constitute a significant part of the Indian economy. Among the most diversified industrial sectors, chemicals cover an array of more than 70,000 commercial products.

India is the seventh largest producer of chemicals globally and third largest producer in Asia in terms of output. The country ranks third globally in the production of agro chemicals and contributes around 16 per cent to the global dyestuff and dye intermediates production.

Key Markets and Export Destinations

Total exports of dyes and dye intermediates, organic and inorganic chemicals, including agro chemicals, cosmetics and toiletries, essential oils, incense sticks and castor oil, stood at US$ 28.38 billion during the year 2017-18 (Provisional).

The US, the UAE, the UK, Bangladesh and Saudi Arabia are the leading importers of cosmetics, toiletries and essential oils. 

In the year 2017-18 (Provisional), exports of dyes and dye intermediaries increased 14 per cent year-on-year to US$ 2.40 billion. During the period, exports of essential oils, cosmetics and toiletries increased 15 per cent to US$ 1.80 billion and exports of castor oil stood at US$ 1.04 billion. Exports of inorganic, organic and agro chemicals stood at US$ 10.67 billion, an increase of 38 per cent year-on-year.

BASIC CHEMICALS, PHARMACEUTICALS AND COSMETICS EXPORT PROMOTION COUNCIL

The promotion of product groups such as dyes and dye intermediates, basic inorganic and organic chemicals, including agro-chemicals, cosmetics, toiletries, essential oils, incense sticks, castor oil and its derivatives, is handled by the Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council, which is popularly known as CHEMEXCIL. The Council organises promotional events and fairs to help exporters identify potential markets abroad and providing publicity and marketing back-up.

Recent News

The chemical sector is expected to double to US$ 300 billion by 2025, clocking an annual growth rate of 15-20 per cent. To achieve this, government is working on a draft chemical policy that will focus on meeting the rising demand for chemicals and reduce imports.

Total export for chemicals stood at US$ 28.38 billion during the year 2017-18 (Provisional).

Source: Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council, Department of Industrial Policy and Promotion.

Total export for chemicals stood at US$ 12.15 billion during the year 2016-17.

Source:
Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council, Department of Industrial Policy and Promotion.

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Chemexcil

Jhansi Castle, 4th Floor
7, Cooperage Road,
Mumbai - 400001,
Maharashtra
India

Tel.:+91-22-22021288/22021330
Fax: +91-22-22026684
Email: info@chemexcil.gov.in
Website: www.chemexcil.gov.in

Total export for chemicals stood at US$ 12.15 billion during the year 2016-17.

Source:
Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council, Department of Industrial Policy and Promotion.

Exports

Chemicals