India Cyclic Hydrocarbons HS2902 Import Data 2025 February Overview

India Cyclic Hydrocarbons (HS 2902) 2025 February Import: Key Takeaways

India's Cyclic Hydrocarbons (HS Code 2902) imports in February 2025 show Singapore dominating as the key supplier, accounting for 27% of import value, with its higher value-to-weight ratio signaling premium product offerings. The market remains stable with predictable costs under India's 2.5% basic duty and 18% GST structure. This analysis, covering February 2025, is based on processed Customs data from the yTrade database.

India Cyclic Hydrocarbons (HS 2902) 2025 February Import Background

What is HS Code 2902?

HS Code 2902 covers cyclic hydrocarbons, including cyclanes, cyclenes, and cycloterpenes, which are essential intermediates in producing plastics, pharmaceuticals, and synthetic rubbers. These compounds, such as cyclohexane and cyclopentane, are critical for industrial applications due to their stability and reactivity. Global demand remains steady, driven by their widespread use in manufacturing and chemical synthesis.

Current Context and Strategic Position

India maintains a 2.5% basic customs duty and 18% IGST on HS Code 2902 imports, with no recent policy changes reported for February 2025 [Seair]. The country relies on imports of cyclic hydrocarbons to meet domestic industrial demand, with key suppliers including China and Germany. Given stable trade flows and no new restrictions, market participants should monitor potential shifts in global supply chains or duty adjustments. India’s strategic position as a major importer underscores the need for vigilance in tracking 2025 trade dynamics.

India Cyclic Hydrocarbons (HS 2902) 2025 February Import: Trend Summary

Key Observations

In February 2025, India's import of Cyclic Hydrocarbons under HS Code 2902 recorded a value of $618.94 million with a volume of 155.89 million kg, indicating a significant shipment activity for the month.

Price and Volume Dynamics

The month-over-month comparison shows a decrease in value from January's $682.63 million, alongside a surge in volume from negligible levels, suggesting a shift towards bulk imports at lower unit prices. This pattern aligns with typical stock replenishment cycles in the chemical industry, where post-holiday periods often see increased procurement to meet rising industrial demand, particularly in sectors like plastics and pharmaceuticals that rely on cyclic hydrocarbons.

External Context and Outlook

The stability in India's import policy for HS Code 2902, with unchanged duty rates of 2.5% basic customs duty and 18% IGST as noted in [seair.co.in], supports a consistent trade environment. This suggests that the February 2025 trends are primarily driven by domestic market dynamics rather than external policy shifts, pointing towards sustained import activity in the near term.

India Cyclic Hydrocarbons (HS 2902) 2025 February Import: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, the import of Cyclic Hydrocarbons under HS Code 2902 in India for February 2025 is dominated by Styrene, which holds a 39% value share and 37% weight share, with a unit price of 4.22 USD per kilogram. An anomaly is present with Cyclohexane, isolated due to its significantly higher unit price of 62.01 USD per kilogram.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes can be grouped into high-value intermediates like Styrene, p-Xylene, Toluene, and o-Xylene, with unit prices ranging from 2.93 to 5.45 USD per kilogram, and bulk commodities such as other cyclic hydrocarbons with lower unit prices around 2-13 USD per kilogram. This structure indicates a trade in both differentiated manufactured goods and fungible bulk materials, reflecting varied quality grades.

Strategic Implication and Pricing Power

For India Cyclic Hydrocarbons HS Code 2902 Import 2025 February, market players should focus on high-value intermediates like Styrene for better pricing power and margins, while bulk items may face more competition. Strategic emphasis on sourcing specialized chemicals could enhance profitability.

Check Detailed HS 2902 Breakdown

India Cyclic Hydrocarbons (HS 2902) 2025 February Import: Market Concentration

Geographic Concentration and Dominant Role

In February 2025, India's import of Cyclic Hydrocarbons under HS Code 2902 is heavily concentrated, with Singapore leading as the dominant supplier, accounting for 27.17% of the import value and 25.39% of the weight. The slight disparity where value ratio exceeds weight ratio suggests Singapore may provide slightly higher-grade or value-added products, typical for a trading hub in commodity chemicals. Other key players like Kuwait and Japan show balanced or lower value-to-weight ratios, indicating standard commodity sourcing patterns for this period.

Partner Countries Clusters and Underlying Causes

The supplier countries form three clear clusters based on trade patterns. First, Singapore and Kuwait both show high and balanced value and weight shares, likely due to their roles as major refining and re-export hubs with efficient logistics. Second, Japan and the United States have high weight shares but lower value ratios, pointing to bulk shipments of lower-cost hydrocarbons, possibly from their established petrochemical industries. Third, South Korea, China Mainland, and China Taiwan exhibit higher value per weight, indicating specialized or purified products, common in regions with advanced chemical manufacturing capabilities.

Forward Strategy and Supply Chain Implications

For India's import of Cyclic Hydrocarbons, the geographic spread calls for a strategy focused on cost efficiency and supply chain resilience. Leveraging hubs like Singapore ensures reliable access, while exploring bulk options from Japan or the US could reduce costs. The stable customs duty structure, with basic duty at 2.5% and GST at 18% as noted in SEAIR, supports predictable import expenses, allowing buyers to negotiate better terms and diversify sources to mitigate any regional risks.

Table: India Cyclic Hydrocarbons (HS 2902) Top Partner Countries (Source: yTrade)

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India Cyclic Hydrocarbons (HS 2902) 2025 February Import: Action Plan for Cyclic Hydrocarbons Market Expansion

Strategic Supply Chain Overview

The India Cyclic Hydrocarbons Import 2025 February under HS Code 2902 is primarily driven by two factors: product grade differentiation and concentrated buyer power. High-value intermediates like Styrene command premium prices due to specialized industrial demand, while bulk commodities face cost competition. Geopolitically, reliance on hubs like Singapore introduces supply chain vulnerability to regional disruptions. The supply chain implication is a dual need for secure access to high-grade products and cost-efficient bulk sourcing, requiring a balanced partner strategy to mitigate concentration risks.

Action Plan: Data-Driven Steps for Cyclic Hydrocarbons Market Execution

• Prioritize contracts with high-frequency, high-value buyers using trade data to identify top partners, ensuring stable revenue and reducing customer acquisition costs.
• Diversify sourcing to include bulk suppliers like Japan or the US by analyzing unit cost data, lowering overall procurement expenses for standard-grade products.
• Monitor Singapore and Kuwait for real-time supply alerts through logistics tracking, preventing disruptions in high-value intermediate shipments.
• Leverage GST and duty stability in negotiations with suppliers, using customs data to lock in favorable long-term pricing for cost predictability.

Risk Mitigation and Forward Strategy

Market risks include over-reliance on a few dominant buyers and geographic concentration in Southeast Asia. Use trade analytics to identify emerging buyers in secondary clusters for diversification. Build inventory buffers for high-value intermediates based on shipment frequency data to avoid production halts. Continuously assess supplier stability in key regions to preempt geopolitical or logistical shocks, ensuring resilient operations for HS Code 2902.

Take Action Now —— Explore India Cyclic Hydrocarbons Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Cyclic Hydrocarbons Import 2025 February?

The February 2025 import saw a shift toward bulk purchases at lower unit prices, with a 9.3% drop in value but a surge in volume compared to January. This reflects post-holiday stock replenishment cycles in industries like plastics and pharmaceuticals.

Q2. Who are the main partner countries in India Cyclic Hydrocarbons Import 2025 February?

Singapore dominates with 27.2% of import value, followed by Kuwait and Japan. Singapore’s higher value-to-weight ratio suggests it supplies slightly premium-grade products compared to bulk-focused partners like Japan.

Q3. Why does the unit price differ across India Cyclic Hydrocarbons Import 2025 February partner countries?

Price gaps stem from product specialization: high-value intermediates like Styrene (4.22 USD/kg) contrast with bulk commodities (2–13 USD/kg). Anomalies like Cyclohexane (62.01 USD/kg) further skew the range.

Q4. What should importers in India focus on when buying Cyclic Hydrocarbons?

Prioritize contracts with dominant high-volume buyers (88.6% of market value) for stability, while diversifying into bulk suppliers like Japan/US to mitigate concentration risks and reduce costs.

Q5. What does this India Cyclic Hydrocarbons import pattern mean for overseas suppliers?

Suppliers from trading hubs (e.g., Singapore) can leverage India’s demand for value-added products, while bulk exporters (e.g., Japan) benefit from consistent large-volume orders in a policy-stable environment.

Q6. How is Cyclic Hydrocarbons typically used in this trade flow?

These chemicals serve as feedstocks for plastics, pharmaceuticals, and other industrial applications, with high-value intermediates like Styrene used in manufacturing and bulk commodities for general processing.