Page 68 - Edelweiss India Conference 2022 FLIPBOOK
P. 68
THE NEW EDGE
India - Preferred destination for US
14%
12%
10%
8%
6%
4%
2%
0%
Southeast Mexico Indian United
Asia Subcontinent States
2019 2020
Source: Edelweiss Research, American Chamber of Commerce Shanghai
India – Preferred destination for Europe
the Chinese chemicals
industry has been facing 4% 2%
11% 27%
headwinds such as Europe ASEAN
compliance crackdown 10% Middle East
under check. And the South Asia North America
(Excluding ASEAN)
country has faced 12% Africa
multiple dislocations over South America 23%
the last decade adversely 12%
Source: Edelweiss Research, EU Chamber of Commerce
Source - India: A promising option in light of the “China Plus One” strategy (upply.com)
supply chain
China’s disruption: An opportunity for India
Chinese chemicals industry has been facing headwinds such as compliance crackdown to keep
Since China has been a market leader in production of agrochemicals, dyes, pigments and other
commodity chemicals, the shutdown of facilities thereof is likely to create a supply-side disruption
that can squeeze up global prices.
Factors such as a global slowdown and the US–China trade war have also impacted production
growth in China. Currently, the US makes up nearly 15% of China’s export basket. However, the
trade and subsequently domestic capacity and production in China.
66 Edelweiss Securities Limited
