India"s phosphoric acid market is a pivotal segment within the broader chemicals industry, driven by robust demand from agriculture and industrial sectors. The recent trade volume data reveals a dynamic shift in both import and export activities. Notably, the total import volume of phosphoric acid showed an upward trend, with a significant increase of 15% compared to the previous quarter. This growth is attributed to rising domestic demand, particularly from the fertilizer manufacturing sector, which relies heavily on phosphoric acid as a key input. Price trends indicate a volatile market scenario. The average import price of phosphoric acid has experienced fluctuations, with a recent peak at $1,200 per metric tonne, reflecting a 10% increase from the last quarter. This surge is primarily due to supply chain disruptions and elevated global demand. Conversely, export prices have remained relatively stable, averaging around $1,150 per metric tonne.

This stability in export pricing suggests a competitive edge for Indian suppliers in the international markets, who benefit from cost-effective production processes. The Indian government’s initiatives to enhance domestic production capabilities and reduce dependency on imports have also played a crucial role in shaping these trends. Investments in technology and infrastructure are paving the way for India to become a self-reliant hub for chemicals, including phosphoric acid. For businesses seeking to navigate this complex market, connecting with reliable suppliers is essential. Aritral, an AI-driven B2B platform, offers tools for seamless international trade. From product listing and direct communication to global sales assistance and AI-powered marketing, Aritral provides comprehensive support for businesses looking to expand their footprint in India"s competitive chemicals market.