India Cyclic Hydrocarbons HS2902 Import Data 2025 March Overview

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

India's March 2025 Cyclic Hydrocarbons (HS Code 2902) import reveals a high-value product structure, with Singapore and Kuwait dominating premium-grade shipments despite lower volume shares, while China and South Korea supply bulk intermediate-grade materials. Buyer concentration is high, with supply chain risk tied to a few key partners for critical high-grade imports. This analysis, covering March 2025, is based on cleanly processed Customs data from the yTrade database.

India Cyclic Hydrocarbons (HS 2902) 2025 March Import Background

What is HS Code 2902?

HS Code 2902 classifies cyclic hydrocarbons, including cyclanes, cyclenes, and cycloterpenes, which are essential industrial chemicals. These compounds serve as key feedstocks for pharmaceuticals, plastics, and synthetic rubber, driving consistent global demand. Their versatility in manufacturing underscores their strategic importance in India’s import landscape.

Current Context and Strategic Position

As of March 2025, India’s cyclic hydrocarbons imports under HS Code 2902 face a 2.5% basic customs duty and 18% IGST, with a 10% social welfare surcharge [Cybex]. This tariff structure reflects India’s balancing act between supporting domestic industries and meeting rising demand for these critical inputs. With India relying on imports to bridge supply gaps, vigilance is crucial to navigate cost fluctuations and regulatory shifts in the 2025 trade environment.

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

Key Observations

In March 2025, India's imports of Cyclic Hydrocarbons under HS Code 2902 totaled 617.86 million USD in value and 176.62 million kg in volume, reflecting steady engagement in the chemical import sector.

Price and Volume Dynamics

The import value edged down slightly from February's 618.94 million USD, while volume rose from 155.89 million kg to 176.62 million kg, indicating a dip in per-unit costs. This pattern aligns with typical industrial stock replenishment cycles, where increased volume often accompanies price adjustments to meet production demands. Year-over-year comparisons are not feasible with available data, but the sequential stability suggests consistent import momentum for India Cyclic Hydrocarbons HS Code 2902 Import in early 2025.

External Context and Outlook

The prevailing customs duty structure of 2.5% with 18% IGST for HS Code 2902, as detailed by [Seair.co.in], continues to shape import economics. Moving forward, broader factors like global hydrocarbon price shifts and India's manufacturing output will likely influence trade flows, maintaining a watchful outlook for market participants.

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

Product Specialization and Concentration

The India Cyclic Hydrocarbons HS Code 2902 Import market in March 2025 is heavily dominated by Styrene, according to yTrade data. HS Code 29025000 for Styrene holds a 41.22% value share of total imports, with a unit price of 3.52 USD per kilogram, indicating its central role in trade. An isolated anomaly is HS Code 29021910, which has an extremely high unit price of 70.39 USD per kilogram, suggesting a specialized high-grade product that is excluded from the main analysis pool.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes can be grouped into key categories based on value and application. Styrene, Toluene, and Xylenes (including o-xylene and p-xylene) form the core aromatics segment, with unit prices ranging from 2.50 to 5.68 USD per kilogram. Other cyclic hydrocarbons like Cumene and miscellaneous types show lower unit prices and higher volumes. This structure points to a trade in fungible bulk commodities, where prices are likely tied to global petrochemical indices due to standardized grades and high volume flows.

Strategic Implication and Pricing Power

For market players in India Cyclic Hydrocarbons HS Code 2902 Import 2025 March, pricing power is limited by the commodity nature of these products, requiring focus on cost-efficient sourcing and hedging against market fluctuations. Customs duties, including a 2.5% basic duty and 18% IGST as per [Cybex], further increase landed costs, emphasizing the need for strategic supplier negotiations and duty optimization in procurement strategies.

Check Detailed HS 2902 Breakdown

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

Geographic Concentration and Dominant Role

India's March 2025 Cyclic Hydrocarbons HS Code 2902 import is heavily concentrated, with Singapore supplying 25% of the total value but only 45.08% of the weight, indicating a dominant role in high-value, specialized products. This value-weight disparity, where Singapore's value share is significantly higher than its weight share, points to imports of premium-grade or highly processed cyclic hydrocarbons rather than bulk commodities. Kuwait follows a similar pattern, reinforcing that India's top suppliers focus on higher-value chemical variants.

Partner Countries Clusters and Underlying Causes

The import partners form three clear clusters. The first includes Singapore and Kuwait, which ship high-value products with low physical volume, likely specialty chemicals or purified compounds. The second cluster contains China and South Korea, which show the opposite pattern: high volume and frequency but lower value per unit, suggesting bulk or intermediate-grade shipments for industrial processing. A third group, like Oman and Saudi Arabia, has very low shipment frequency but high value per shipment, indicating large, infrequent purchases of specific high-cost materials, possibly linked to their oil and gas refining sectors.

Forward Strategy and Supply Chain Implications

For buyers, this geographic spread means supply chain risk is concentrated with a few key partners for high-value items. [Seair] notes the importance of monitoring customs duty changes, which could affect sourcing costs from these regions. Companies should diversify suppliers for critical high-grade materials to avoid disruption from geopolitical or trade policy shifts in Southeast Asia and the Middle East. For bulk purchases, negotiating volume-based contracts with Chinese and South Korean suppliers could stabilize costs for India's Cyclic Hydrocarbons HS Code 2902 import needs in March 2025.

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

India Cyclic Hydrocarbons Import 2025 March under HS Code 2902 is a commodity-driven market. Core price drivers are global petrochemical indices and product grade. High-value imports from Singapore and Kuwait reflect premium quality. Bulk volumes from China and South Korea reflect standard industrial grades. Supply chain implications include high reliance on key geographies for critical materials. This creates vulnerability to geopolitical or duty changes. The market is dominated by high-frequency, high-value buyers requiring stable bulk supply.

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

• Use HS Code 2902 unit price data to segment suppliers by grade. This ensures you pay fair prices for the right product quality.
• Target high-frequency, high-value buyers with long-term contracts. This secures stable demand and reduces sales volatility.
• Diversify sourcing beyond Singapore and Kuwait for premium grades. This mitigates supply chain risks from regional disruptions.
• Negotiate volume discounts with Chinese and South Korean bulk suppliers. This lowers costs for standard industrial applications.
• Monitor customs duty updates from Seair and Cybex for HS Code 2902. This avoids cost surprises and maintains pricing competitiveness.

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 March?

The import value dipped slightly to $617.86M while volume rose to 176.62M kg, signaling lower per-unit costs tied to industrial restocking cycles. Stable demand persists, with bulk commodity pricing influenced by global petrochemical indices.

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

Singapore dominates with 25% of import value but only 45.08% of weight, followed by Kuwait, China, and South Korea. These clusters reflect high-value specialty chemicals (Singapore/Kuwait) versus bulk industrial-grade shipments (China/South Korea).

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

Price gaps stem from product specialization—Styrene (41.22% value share at $3.52/kg) anchors bulk trade, while anomalies like HS Code 29021910 ($70.39/kg) indicate premium-grade variants shipped by Singapore/Kuwait.

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

Prioritize long-term contracts with high-value, frequent buyers (75.86% of trade) while diversifying suppliers for critical high-grade materials to mitigate geopolitical risks in Southeast Asia/Middle East.

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

Suppliers of bulk commodities (e.g., China/South Korea) should leverage volume-based contracts, while specialty chemical exporters (e.g., Singapore) can capitalize on India’s reliance on premium-grade products.

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

Primarily fungible bulk commodities (e.g., Styrene, Toluene) for industrial processing, with niche high-grade variants likely serving specialized chemical or pharmaceutical applications.