Chemical Import Substitution — Full HSN-8 Chapter-Wise Registry (827 Codes)
Chemical Import Substitution — Full HSN-8 Chapter-Wise Registry
Every 8-digit HSN code across Chapters 28, 29, 31, 32, 33, 34, 38 & 39 where India ran a FY2025-26 trade deficit (import − export ≥ US$0.5M) — 827 codes, US$67.9B combined deficit — scored against a value/volume/price signal framework and cross-checked against public reporting.
827qualifying HSN-8 codes
$67.9Bcombined FY26 deficit
34Scissors Effect (active substitution)
65high-value inelastic targets
Signal framework applied (and its honest limits)
Every qualifying code is scored on value growth, import-volume growth, and unit-price growth (FY2024-25 → FY2025-26, matched from DGCI&S TradeStat's separate Value and Quantity files at the 8-digit HS level, 802/827 codes matched):
- Scissors Effect — import value AND volume both falling ≥10% while unit price rises ≥5%: only high-end/niche variants still being imported — the textbook active-substitution signature. 34 codes.
- Inelastic Target — top-quartile import value, price flat (±8%), value not declining: a large, standardized, price-insensitive forex drain — the framework's top-tier PLI/capex candidate. 65 codes.
- Deepening — value AND volume both rising ≥15%: dependency is growing, the opposite of substitution — a watch-list, not a substitution candidate. 209 codes.
- No Signal — no clear directional pattern in a single-year window. 493 codes.
⚠️ What this signal analysis can NOT do, honestly:
- Only 1 FY-over-FY window (24-25→25-26), not the 3-5yr trend the framework calls for. A code marked "Scissors Effect" here is a single-year echo of the pattern, not a confirmed multi-year substitution story — treat every signal below as a screening flag, not a conclusion.
- No Import Penetration Ratio (IPR). IPR needs domestic production value, which DGCI&S TradeStat doesn't carry — would need IIP/ASI production data merged in, not done here.
- No Component Shift (Signal C) detection. That needs finished-good HSN codes paired against their component HSN codes (e.g. phones vs PCBA) — not attempted for this chemical basket since the finished/component pairing isn't codified for these chapters.
- No country-of-origin check. A code could be "falling from China, rising from Vietnam" (FTA re-routing, not real substitution) — TradeStat's commodity-wise file has no partner-country breakdown; would need the country-wise export/import file to rule this out.
- No tariff/PLI cross-reference at code level yet. The rule-based rationale column (kept alongside) flags PLI-relevant sectors qualitatively, but no systematic 24-month tariff-change lookup was run per HSN line.
Cross-checked against public sources — one correction found
Five headline figures were checked against public reporting before publishing:
- DAP (31053000) $4.87B, +76% YoY — confirmed: matches reported West Asia supply disruption + price surge driving India's fertiliser import bill in FY26 (Outlook Business, MarineLink).
- Phosphoric Acid (28092010) $2.67B — confirmed: India is widely reported as the world's largest phosphoric-acid importer; structural, not cyclical.
- PVC Suspension Resin (39041020) $1.63B, −23% — confirmed direction: matches reported capacity-driven import-dependence decline (anti-dumping duty was actually scrapped Nov 2025, so the fall is capacity, not tariff, driven).
- PTA (29173600) $1.47B, −8% — confirmed direction: matches new IOC/GAIL PTA capacity (Panipat, Paradip) coming online.
- Gold Compounds (28433000) $4.01B — ANOMALY, corrected below: this is not organic chemical-sector demand. Trade press (India Seatrade News) documents this exact HS code being used to import gold in liquid/compound form to dodge the 6% bullion duty — imports here spiked up to ~9x YoY in some quarters. DGFT moved 28433000 from "free" to "restricted" in June 2025 to close the loophole. It has been pulled out of the substitution-target framing in the table below (flagged, not scored as a signal) — treating it as a chemical-PLI candidate would have been wrong.
Chapter 29 — Organic Chemicals
305 qualifying codes $15.66B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 29173600 | Terephthalic Acid And Its Salts | 1469.2 | 1466.0 | -8.1 | 6.0 | -13.0 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29025000 | Styrene | 1133.8 | 1115.9 | -13.7 | 6.0 | -18.9 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29051100 | Saturated Methanol (Methyl Alcohol) | 1085.8 | 1057.7 | 18.3 | 19.0 | -0.9 | Inelastic Target | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29011000 | Saturated Acyclic Hydrocarbons | 688.9 | 675.2 | 5.3 | 3.0 | 2.3 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29053100 | Ethylene Glycol (Ethanediol) | 649.6 | 614.2 | 4.9 | 15.0 | -8.8 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 29152100 | Acetic Acid | 489.9 | 479.1 | 2.6 | 19.0 | -13.9 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29023000 | Toluene | 449.8 | 425.5 | -18.4 | -1.0 | -17.3 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29024300 | P-Xylene | 720.8 | 414.4 | -23.5 | -15.0 | -10.1 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29214110 | Aniline | 352.4 | 352.3 | 15.2 | 61.0 | -28.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29411050 | 6 - Apa | 342.8 | 342.8 | -19.3 | 19.0 | -32.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29032100 | Vinyl Chloride (Chloroethylene),Unstrtd | 321.0 | 321.0 | -9.1 | 5.0 | -13.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29419090 | Other Antibiotics | 830.8 | 319.0 | 5.4 | 14.0 | -7.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29024100 | O-Xylene | 245.9 | 245.8 | -6.3 | 8.0 | -13.0 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29261000 | Acrylonitrile | 219.1 | 215.0 | -18.9 | -6.0 | -14.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071110 | Phenol,Pure Carbolic Acid | 233.7 | 212.5 | -11.3 | 8.0 | -17.9 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29291090 | Other Isocyanates | 189.3 | 179.9 | -2.4 | 15.0 | -15.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29161210 | Butyl Acrylate | 178.7 | 176.9 | -32.5 | -15.0 | -20.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29304000 | Methionine | 171.3 | 170.8 | -1.8 | 6.0 | -7.0 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29072300 | 4,4-Isopropylidenephnl (Bisphnl A, Diphenylolpropane) And It... | 165.5 | 163.9 | 13.3 | 34.0 | -15.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29153200 | Vinyl Acetate | 168.7 | 161.3 | -10.7 | -6.0 | -5.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29012990 | Other Acyclic Hydrocarbons | 164.9 | 158.1 | 17.7 | 25.0 | -6.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29159099 | Others-Of-Othr Satrtd Acylc,Mnocrboxylc Acds And Thranhydrds,Halds,... | 269.9 | 156.3 | 20.0 | 13.0 | 5.7 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29161400 | Esters Of Methacrylic Acid | 159.0 | 152.1 | -28.9 | -3.0 | -26.9 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29161290 | Other Esters Of Acrylic Acid | 158.8 | 150.4 | -3.7 | 5.0 | -8.2 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29051990 | Other Saturated Monohydric Alcohols | 184.7 | 149.4 | -13.2 | -3.0 | -10.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29291020 | Toluene Diisocyanate | 133.6 | 132.3 | -5.1 | 9.0 | -13.0 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29031500 | 1,2 Dichloromethane (Ethylne Dichloride) | 132.5 | 131.4 | -33.2 | 3.0 | -35.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29411010 | Penicillins And Its Salts | 109.2 | 109.0 | -52.9 | -26.0 | -36.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29061190 | Others-Of-Menthol | 148.3 | 102.8 | 12.2 | 12.0 | 0.4 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29224100 | Lysine And Its Esters Salts Thereof | 106.1 | 102.4 | -21.7 | -4.0 | -18.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29021990 | Others-Of-Other Cyclanes,Cyclenes And Cycloterpenes | 127.9 | 101.0 | 6.9 | -4.0 | 11.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29103000 | 1-Chloro-2,3-Epoxyprpne(Epichlorophydrin) | 107.0 | 99.4 | 51.6 | 18.0 | 28.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29181400 | Citric Acid | 103.5 | 96.8 | -2.7 | 3.0 | -5.4 | Inelastic Target | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29415000 | Erthromycin And Its Drvtvs Slts Thereof | 189.8 | 95.1 | 11.5 | 14.0 | -1.9 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29053200 | Prppylene Glycol (Propane-1,2-Diol) | 99.3 | 94.4 | -9.7 | 8.0 | -16.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29269090 | Others-Of-Othr Nitrile-Function Compounds | 193.4 | 93.4 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29171400 | Maleic Anhydride | 90.9 | 90.9 | -9.9 | 7.0 | -16.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29336990 | Other Cmpnd Cntng An Unfused Triazine Ring(W/N Hydrgntd) In Str... | 170.7 | 89.9 | 25.4 | 5.0 | 18.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29336100 | Melamine | 109.8 | 87.0 | 1.7 | 20.0 | -15.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29051620 | 2-Ethyl Hexanol | 85.4 | 84.5 | -23.8 | 6.0 | -28.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29152990 | Other Salts Of Acetic Acid | 94.5 | 83.3 | 54.4 | 22.0 | 26.8 | Deepening | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29053990 | Other Diols | 114.7 | 79.8 | 21.4 | 7.0 | 13.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29161100 | Acrylic Acid And Its Salts | 78.8 | 77.5 | 15.0 | 22.0 | -5.8 | Inelastic Target | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29141100 | Acetone | 87.4 | 75.4 | -34.7 | -6.0 | -30.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29171200 | Adipic Acid Its Salts And Esters | 75.2 | 73.3 | -13.3 | 9.0 | -20.1 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29337100 | 6-Hexanelactam (Epsilon-Caprolactam) | 72.3 | 72.0 | -29.5 | -1.0 | -29.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29212990 | Other Acylc Plyamins Thr Drvtvs, Salts Thereof | 102.2 | 70.8 | 8.7 | 27.0 | -14.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29012940 | Tetradecene | 69.7 | 69.7 | 38.3 | 27.0 | 8.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29156010 | Butanoic Acids,Thr Slts And Estrs | 79.8 | 68.0 | 14.9 | 16.0 | -1.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29224220 | Monosodium Glutamate (Azinamoto) | 67.9 | 67.3 | 17.1 | 34.0 | -12.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29051220 | Isopropyl Alcohol | 74.2 | 63.1 | -45.6 | -27.0 | -25.2 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29094300 | Monobutyl Ethers Of Ethylene Glycol Or Of Diethylene Glycol | 69.1 | 59.4 | 2.8 | 37.0 | -24.8 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 29054500 | Glycerol | 84.7 | 59.3 | 46.7 | 8.0 | 35.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29221990 | Others-Of-Other: N,N-Dialkyl (Methyl, Ethyl, N-Propyl Or Isopropyl)... | 145.0 | 57.4 | -8.0 | 12.0 | -17.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29262000 | 1-Cyanoguanidine(Dicyandiamide) | 57.0 | 56.7 | -20.8 | -3.0 | -18.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29222913 | Para Aminophenol | 55.7 | 54.8 | 20.0 | 38.0 | -12.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29212100 | Ethylenediamine And Its Salts | 59.9 | 54.0 | -15.2 | 3.0 | -17.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29419019 | Other Rifampicin And Its Salts | 58.1 | 52.8 | 4.1 | 28.0 | -18.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29012930 | Dihydromyrcene | 50.4 | 50.4 | 31.5 | 7.0 | 22.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29153300 | N-Butyl Acetate | 51.6 | 49.1 | -18.3 | 0.0 | -18.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29321100 | Tetrahydrofuran | 48.3 | 47.4 | -13.9 | 0.0 | -13.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29161990 | Other Unsatrtd Acyclc , Monocrboxylc Acds Etc Thr Drvtvs | 59.5 | 47.3 | 8.8 | 12.0 | -3.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29051300 | Saturated Butan-1-Ol(N-Butyl Alcohol) | 46.5 | 44.8 | -31.5 | -16.0 | -18.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29054300 | Mannitol | 51.9 | 44.6 | -0.0 | 6.0 | -5.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29329990 | Others-Of-Other Heterocyclic Compnds With Oxygenhetero - Atom/S) | 279.8 | 44.1 | 11.0 | 4.0 | 6.9 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29102000 | Methyloxirane (Propylene Oxide) | 43.7 | 43.7 | -25.2 | -18.0 | -9.2 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 29141300 | 4-Mthylpentan-2-One(Mthyl Isobtyl Ketone) | 44.7 | 43.2 | -38.3 | -12.0 | -30.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29142200 | Cyclohexanone And Methyl Cyclohexanones | 48.8 | 42.5 | -25.5 | -14.0 | -13.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29141200 | Butanone (Methyl Ethyl Ketone) | 42.2 | 41.4 | -20.3 | -12.0 | -9.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29094990 | Others-Of-Othr Ethr-Alchls And Thr Halgntd Slphntdnitrated Or Nitro... | 71.4 | 40.6 | 13.6 | 10.0 | 3.0 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29062990 | Other Aromatic Alcohol | 66.5 | 39.0 | 15.6 | 16.0 | -0.2 | Inelastic Target | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29051490 | Other Butanols | 44.9 | 38.2 | -20.3 | -5.0 | -16.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29391900 | Other Alkaloids Of Opium Andthr Drvtvs,Salts | 67.6 | 37.9 | 11.0 | 157.0 | -56.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29172000 | Cyclanic,Cyclenic/Cyclotrpnc Plycrboxylc Acids Thr Anhydrds Halide... | 41.3 | 37.0 | -0.6 | 20.0 | -17.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29027000 | Cumene | 36.2 | 36.2 | -31.0 | -15.0 | -18.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29419013 | Rifa Or Rifa S Sodium (Rifaint) | 35.2 | 35.2 | 127.8 | 122.0 | 2.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29173300 | Dinonyl Or Didecyl Orthophthalates | 43.0 | 34.4 | 15.8 | 42.0 | -18.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29039990 | Other Of Hdg. 290399 | 115.2 | 34.3 | -7.3 | 20.0 | -22.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29379090 | Others-Of-Other Hormons, Ntrl Or Rprdcd By Synthsis Used As Hormons | 57.1 | 33.6 | 0.5 | 34.0 | -25.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29419011 | Rifampicin | 45.9 | 32.3 | 3.2 | -1.0 | 3.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29362610 | Vitamin B12 (Cynocobalamin) | 33.4 | 32.1 | 25.5 | -6.0 | 33.3 | No Signal | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29211110 | Dimethyl Formide | 32.9 | 31.8 | -38.4 | -23.0 | -20.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29309099 | Other Organo-Sulphur Compnds | 213.0 | 31.6 | 9.2 | 4.0 | 5.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29222150 | J Acid (2-Amino-5-Napthol-7 Slphnc Acid) | 31.2 | 31.2 | 7.2 | 3.0 | 4.6 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29182990 | Other Carbooxylic Acids With Phnl Fn. Etc. | 49.6 | 30.6 | -11.0 | -11.0 | -0.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29051210 | Propyl Alcohol | 32.2 | 30.2 | -25.5 | -13.0 | -14.4 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29096090 | Others-Of-Alchl Peroxides,Ethr Peroxides,Ketone Peroxides And Thr H... | 44.3 | 30.2 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29362800 | Vitamin E And Its Derivatives | 55.2 | 29.7 | 30.0 | -14.0 | 51.4 | No Signal | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29049990 | Others-Of-Others-Of-Sulphonated, Nitrated Or Nitrosated Derivatives... | 45.9 | 29.6 | 27.9 | 24.0 | 3.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29153999 | Others-Of-Other Esters Of Acetic Acid | 77.9 | 29.5 | -12.9 | -3.0 | -10.5 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29319090 | Other-Of-Other-Of-Other Organo-Inorganic Compounds | 168.3 | 28.1 | -14.0 | 7.0 | -19.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29321400 | Sucralose | 28.4 | 27.7 | 49.3 | 71.0 | -12.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29012100 | Unsaturated Ethylene | 44.1 | 27.5 | -34.5 | -20.0 | -17.7 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 29161310 | Methacrylic Acid | 27.9 | 27.5 | -25.5 | 1.0 | -26.1 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29413090 | Other Tetracyclines And Thr Drvtvs Slts | 26.6 | 26.4 | 8.1 | 74.0 | -37.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071520 | Beta Naphthol | 30.3 | 26.1 | -7.4 | -11.0 | 3.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29411090 | Other Penicillins And Thr Drvtvs Wth A Pentcillianic Acid Strc... | 91.3 | 26.1 | 10.3 | 32.0 | -16.4 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29413010 | Doxycylime And Its Salts | 26.8 | 25.5 | 20.4 | 58.0 | -24.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29420016 | D(-) Para Hydroxy Danes Salts | 25.4 | 25.4 | -6.9 | 5.0 | -11.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29029040 | Napthalene Pure | 29.3 | 25.1 | -10.4 | -7.0 | -3.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29400000 | Sugrs Chmcly Pure Othr Thn Sucrose Lactosemaltose Etc Sugr E... | 62.0 | 24.4 | 5.3 | 25.0 | -16.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29052230 | Linalool | 24.8 | 24.3 | 1.3 | 3.0 | -1.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29094100 | 2,2-Oxydiethanol (Diethylene Glycol,Digol) | 31.3 | 23.4 | 57.3 | 90.0 | -17.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29211990 | Others-Of-Other : N,N-Dialkyl (Methyl, Ethyl, N-Propyl Or Isopropyl... | 53.5 | 23.4 | 7.6 | 6.0 | 1.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29371900 | Other Polypeptide Hormones Thr Dtvtvs And Strctl Anlges | 68.8 | 23.4 | 47.0 | -16.0 | 74.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29372100 | Cortisone,Hydrocortisone,Prednisone (Dehy-Drocortisone)And Fredniso... | 35.9 | 23.0 | -9.1 | 18.0 | -22.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29181920 | Cholic Acid | 36.0 | 22.9 | 11.7 | -3.0 | 14.6 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29362700 | Vitamin C (Ascorbic Acid) And Its Drvtvs | 34.8 | 22.8 | 36.8 | 79.0 | -23.4 | Deepening | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29372300 | Oestrogens And Progestogens | 53.7 | 22.4 | -16.5 | -4.0 | -13.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29336910 | Cyanuric Acid And Its Salts | 21.9 | 21.9 | -1.7 | 20.0 | -17.8 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29061990 | Other Cyclanic, Cyclenic Or Cycloterpenic Alcohols | 84.9 | 21.8 | 17.3 | 70.0 | -31.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29072200 | Hydroquinone (Quinol) And Its Salts | 34.5 | 21.7 | -11.2 | -4.0 | -7.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29036900 | --Other--Halogenated Derivatives Of Acyclic Hydrocarbons Containing... | 23.9 | 21.6 | 23.1 | 32.0 | -7.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29151100 | Formic Acid | 21.6 | 21.4 | 42.1 | 54.0 | -7.6 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29173500 | Phthalic Anhydride | 47.6 | 21.1 | -27.3 | -15.0 | -14.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29342090 | Others-Of-Cmpnds Cntng A Benzothiazone Ring-System(W/N Hydrgntd) Nt... | 31.7 | 21.1 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29054290 | Other Pentaerythritol | 23.9 | 20.3 | -14.6 | -18.0 | 3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29221110 | Monoethanolamine | 21.3 | 20.3 | -24.6 | 5.0 | -28.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29321990 | Other Cmpnds Cntng Unfused Furanring (W/N)In Structure | 61.6 | 20.2 | 7.7 | 23.0 | -12.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29221500 | Triethanolamine | 20.1 | 19.9 | -20.2 | 1.0 | -21.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29420015 | Danes Salt Of D (-) Phenyl Glycine | 19.6 | 19.6 | 3.2 | 23.0 | -16.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29419020 | Cephalexin And Its Salts | 26.7 | 19.3 | -23.2 | -23.0 | -0.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29209090 | Others-Of-Otr Esters Of Otr Inorgnc Acds;Thrslts Etc | 46.0 | 18.7 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29181200 | Tartaric Acid | 19.5 | 17.8 | -14.6 | -4.0 | -10.7 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29035990 | Other- Brominated Or Iodinated Derivatives Of Acyclic Hydrocarbons | 19.8 | 17.7 | 14.8 | 17.0 | -1.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29162090 | Others-Of-Cyclanic,Cyclenic/Cyclotrpnc Monocrboxylc Acids,Their Anh... | 38.9 | 17.7 | 13.0 | 12.0 | 0.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29109090 | Others-Of-Other Epoxides,Epoxy Alchls Etc | 38.0 | 17.0 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29142921 | Natural | 17.0 | 16.9 | 313.1 | 247.0 | 19.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29171990 | Othr Acylc Plycrboxylc Acds And Thr Drvtvs | 40.5 | 16.5 | -11.4 | 13.0 | -21.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29319020 | Organo-Silicon Compounds | 15.8 | 15.8 | -24.2 | -18.0 | -8.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29182110 | Salicylic Acid | 19.4 | 15.6 | -24.0 | -19.0 | -5.8 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29214410 | Diphenylamine | 15.8 | 15.6 | -37.5 | -19.0 | -22.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29173200 | Dioctyl Orthophthalates | 18.6 | 15.3 | -4.7 | 15.0 | -16.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29051690 | Other Saturated Octanol | 19.0 | 15.0 | 38.7 | 10.0 | 25.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29052210 | Citranellol | 16.2 | 15.0 | 6.4 | 10.0 | -3.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29173920 | Dioctl Phthalate | 20.0 | 15.0 | -25.5 | -5.0 | -21.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29183090 | Other Crbxylc Acids With A Ldhyd/Ketone Fn But Without Othet Oxygen... | 61.7 | 15.0 | -13.9 | 7.0 | -19.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29012200 | Unsaturated Propene (Propylene) | 14.1 | 14.1 | 4769.0 | 17788.0 | -72.8 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 29171970 | Ethoxy Methylene Malonate | 14.3 | 14.0 | -27.5 | -19.0 | -10.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29214526 | Tobias Acid(2-Naphthylamine-1-Slphnc Acd) | 14.1 | 13.5 | 27.8 | 19.0 | 7.8 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29321300 | Furfuryl Alchl And Tetrahydrofurfuryl Alchl | 13.8 | 13.5 | 29.1 | 34.0 | -3.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29201990 | Other Thiophospric Estrs(Phosphorthioates) And Thr Salts; Thr Halgn... | 14.3 | 13.4 | 13.6 | 26.0 | -10.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29362500 | Vitamin B6 And Its Drvts | 14.0 | 13.3 | -3.9 | -1.0 | -3.4 | No Signal | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29121990 | Other Acyclic Aldehyds Without Other Oxygn Function | 68.1 | 13.1 | -7.2 | -2.0 | -5.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29122100 | Benzaldehyde | 18.0 | 13.0 | 12.9 | 32.0 | -14.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29242910 | Acetanilide | 12.9 | 12.7 | -4.2 | -3.0 | -1.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29362210 | Vitamin B1I(Thiamine, Aneurine) And Its Salt | 25.1 | 12.6 | 32.0 | 17.0 | 13.0 | Deepening | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29122990 | Other Cyclc Aldhyds Without Othr Oxygen Fn | 59.4 | 12.3 | -17.9 | -21.0 | 4.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29221200 | Diethanolamine And Its Salts | 13.0 | 12.2 | -31.8 | -18.0 | -16.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29094400 | Other Monoalkyl Ethrs Of Ethylene Glycol Or Of Diethylene Glycol | 17.2 | 12.1 | 110.5 | 144.0 | -13.8 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 29049950 | Para Nitrochlorobenzene | 12.1 | 12.0 | -62.6 | -42.0 | -35.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29032990 | Others-Of-Other-Saturated Fluorinated Derivatives Of Acyclic-Hydroc... | 13.6 | 11.4 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29413020 | Tetracycline/Oxytetra - Cycline And Hr Salts | 12.4 | 11.4 | 8.2 | 1.0 | 7.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29155000 | Propionic Acid Its Salts And Esters | 33.1 | 11.1 | -28.7 | -18.0 | -13.3 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29214236 | Methyl Dopa(L-Alpha Methyl-3, 4-Dihydroxyphenylalanine) | 11.3 | 10.9 | -7.2 | 3.0 | -9.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29309017 | Mercaptan | 11.3 | 10.9 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29151210 | Sodium Formate | 10.9 | 10.8 | -17.7 | 0.0 | -18.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29222926 | Meta-Phenylene Diamene-4-Sulph0Nic Acid | 12.0 | 10.8 | -24.9 | -20.0 | -6.5 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29214234 | Sulphanilic Acid(Para Aminobnzn Slphnc Acid Para Aniline Sulphon... | 11.6 | 10.7 | -16.3 | -1.0 | -15.5 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29362400 | D-Or Dl-Pantothenic Acid (Vitamin B5) And Its Derivatives | 11.0 | 10.7 | 13.7 | 2.0 | 11.5 | No Signal | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29071990 | Other Monophenols | 44.3 | 10.6 | -17.8 | -21.0 | 3.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29337910 | N-Methyl-2-Pyrrolidone | 14.7 | 10.6 | 49.8 | 38.0 | 8.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071300 | Octylphnl Nonylphnl And Thr Isomers,Salts | 13.5 | 10.5 | -43.0 | -30.0 | -18.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29159092 | Octoic Acid (Caprylic Acid) | 11.9 | 10.4 | -31.8 | -35.0 | 4.3 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29032200 | Trichloroethylene,Unsaturated | 10.4 | 10.3 | 179.5 | 156.0 | 9.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29037400 | Chlorodifluoroethanes (Hcfc-142, 142B) Halogenated Drvtvs Of Acycli... | 10.2 | 10.2 | -3.5 | 0.0 | -3.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29124200 | Ethylvanilin (3-Ethoxy-4-Hydroxybnzldhyd) | 10.1 | 9.8 | -2.0 | 8.0 | -9.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29034300 | Fluoromethane (Hfc-41), 1,2-Difluoroethanc(Hfc-152) And 1,1-Difluor... | 9.6 | 9.6 | -18.1 | -38.0 | 31.5 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29181690 | Other Gluconic Acid Its Salts And Esters | 33.4 | 9.6 | -2.0 | 0.0 | -1.8 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29419040 | Gentamycin And Its Salts | 9.7 | 9.6 | 13.0 | 22.0 | -7.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29126000 | Para Formaldehyde | 14.8 | 9.4 | -18.3 | -17.0 | -1.1 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29151290 | Other Salts Of Formic Acid | 13.6 | 9.1 | 0.7 | 43.0 | -29.8 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29215110 | O- Phenylenediamine | 10.2 | 9.1 | -35.6 | -45.0 | 16.2 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29232090 | Others (Phosphoaminolipids) | 18.6 | 9.1 | 15.7 | 209.0 | -62.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29146200 | Coenzyme Q10 (Ubidecarenone (Inn)) | 16.8 | 8.6 | 30.4 | 41.0 | -7.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29201920 | Thiophosphoric Esters (Phosphorothioates) And Their Salts, Their Ba... | 9.1 | 8.6 | -40.5 | -38.0 | -3.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29021100 | Cyclohexane | 10.2 | 8.4 | -20.6 | 6.0 | -24.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29054900 | Other Polyhydric Alcohols | 9.8 | 8.4 | -25.6 | -72.0 | 161.9 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29153930 | 4Inalyl Acetate | 8.6 | 8.4 | -12.8 | -12.0 | -1.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29157020 | Stearic Acid | 8.9 | 8.4 | -11.0 | -10.0 | -1.6 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29333916 | Beta Pic0Line ( 3-Methyl Pyridine ) | 12.3 | 8.1 | -19.4 | -10.0 | -10.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29142310 | Beta-Ionone | 9.1 | 7.7 | 63.1 | 47.0 | 11.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29173950 | Trimellitic Anhydride | 7.7 | 7.7 | -38.0 | 7.0 | -42.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29181110 | Lactic Acid | 8.0 | 7.7 | -2.1 | 1.0 | -2.9 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29029030 | Dodecycl Benzenes (Excl Mxd Alkylarenes) | 7.6 | 7.6 | 635.9 | 625.0 | 1.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29212910 | Hexamethylene Tetramine (Hexamine) Not Put Up As Fuel Or Med... | 10.4 | 7.6 | 4.0 | 16.0 | -10.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29159095 | Ethyl Trifluoro Acetate | 7.5 | 7.5 | 63.1 | 79.0 | -8.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29042090 | Othr Drvtvs Cntng Only Nitro/Nitroso Grps | 17.7 | 7.1 | -14.5 | -30.0 | 22.1 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29142390 | Other Ionone And Methylliomones | 12.1 | 7.0 | 10.7 | 10.0 | 1.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29146100 | Anthraquinone | 7.1 | 7.0 | -22.3 | -15.0 | -8.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29291010 | Phenyl Isocyanate | 7.1 | 7.0 | -18.7 | -2.0 | -16.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29375000 | Prostaglandins, Tiromboxamesand Leukotrienesthr Drvtvs ... | 8.3 | 6.9 | -9.4 | -7.0 | -2.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29391100 | Concentrates Of Poppy Straw Cmpnds Of Morphin, Codeine, Codone,... | 7.1 | 6.9 | -73.6 | -79.0 | 28.4 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29124999 | Others-Of-Othr Aldhyd-Ethr,Aldhyd-Phnland Othr Aldhyd | 13.5 | 6.7 | 3.6 | 30.0 | -20.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29182920 | Beta Hydroxy Naphthoic Acid | 6.4 | 6.4 | 45.2 | 48.0 | -2.0 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29309014 | L-Cystine (Alpha-Amino Beta-Thio Propionicacid)-Sulphur Co... | 10.7 | 6.4 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29319019 | Other-Of-Organo-Arsenic Compounds | 6.8 | 6.4 | 40.4 | 31.0 | 7.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29214222 | Diethylaniline | 7.2 | 6.3 | 113.9 | 168.0 | -20.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29052290 | Other Unsaturated A Cyclic Terpene Alcohol | 7.5 | 5.9 | -5.9 | 1.0 | -6.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29032300 | Tetrachloroethane (Perchloroethylene ) , Unsatrtd | 7.6 | 5.7 | -0.9 | 18.0 | -16.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29054100 | 2-Ethyl-2-(Hydroxymethyl)Propane-1, 3-Diol (Trimethylolpropane) | 7.3 | 5.7 | -25.9 | -18.0 | -9.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29163990 | Other Unstrd Acyclic Monocrboxylc Acds, Cyclic Monocrboxylc Acds,... | 99.7 | 5.7 | 5.5 | 6.0 | -0.3 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29214399 | Others-Of-Toluidines And Their Drvtvs Slts Thereof | 19.2 | 5.7 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071590 | Other Naphthols And Thr Salts | 5.7 | 5.6 | -20.8 | -8.0 | -13.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29309011 | Thiourea(Sulphourea) | 6.4 | 5.6 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29213010 | Cyclohexylamine | 6.4 | 5.4 | -31.0 | -16.0 | -17.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29034600 | 1,1,1,2,3,3,3-Heptafluoropropane,1,1,1,2,2,3-Hexafluoropropane,Hexa... | 5.5 | 5.3 | -55.3 | 2.0 | -56.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29121930 | Glyoxal | 5.4 | 5.3 | 1.9 | 15.0 | -11.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29143910 | Acetone Phenone | 6.6 | 5.3 | -15.1 | 0.0 | -15.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29049930 | Meta Nitrochlorobenzene | 5.2 | 5.2 | -17.7 | -13.0 | -5.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29163140 | Sodium Benzoate | 6.6 | 5.2 | -7.5 | 5.0 | -11.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29419060 | Norfloxacin And Its Salts | 8.2 | 5.2 | -33.8 | -27.0 | -9.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071220 | Cresylic Acid | 5.1 | 5.1 | -3.0 | -8.0 | 4.9 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29333912 | Alpha Picoline(2-Methyl Pyridine) | 5.5 | 4.7 | 5350.0 | 4974.0 | 7.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29412010 | Streptomycins | 4.8 | 4.7 | 2.2 | 3.0 | -0.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29309016 | Sulphoxide | 5.2 | 4.6 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29381000 | Rutoside (Rutin) And Its Derivatives | 4.5 | 4.5 | -2.0 | 12.0 | -12.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29420026 | Cysteanune Hcl | 4.5 | 4.5 | 57.2 | 16.0 | 35.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29061310 | Cholesterol | 7.9 | 4.4 | 60.4 | 62.0 | -0.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29333913 | Gamma Picoline(4-Methyl Pyridine) | 4.4 | 4.4 | 802.0 | 1091.0 | -24.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29092000 | Cyclanic,Cyclenic/Cycltrpenc Ethrs And Thir Halgntd Slphntd Nitrtd/... | 6.0 | 4.3 | 38.9 | 74.0 | -20.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29035100 | 2,3,3,3-Tetrafluoropropene(Hfo-1234Yf),1,3,3,3-Tetrafluoropropene(H... | 4.0 | 4.0 | 27.5 | 24.0 | 2.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29335200 | Malonylurea (Barbituric Acid) And Its Sals | 5.3 | 4.0 | 16.4 | 21.0 | -3.8 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29093030 | Musk Ambrette | 3.9 | 3.9 | -5.7 | -9.0 | 3.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29224920 | N-Methyl Taurine | 4.0 | 3.9 | 228.9 | 124.0 | 47.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29012920 | Heptene (Heptylene | 3.8 | 3.8 | -21.1 | -25.0 | 4.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29379019 | Others-Of-Other Hormons, Ntrl Or Rprdcd By Synthsis Used As Hormons | 4.2 | 3.8 | -29.5 | -30.0 | 1.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29371200 | Insulin And Its Salts | 48.5 | 3.7 | 43.9 | -9.0 | 58.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29147920 | Musk Ketone | 3.7 | 3.6 | -12.5 | -25.0 | 16.4 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29242920 | Aceto Acetanilide | 3.9 | 3.6 | -17.5 | -11.0 | -7.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071940 | Para Tartiary Butyl Phenol | 11.1 | 3.5 | -30.9 | -18.0 | -15.3 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29225015 | L-Tyrosine(P-Hydroxyphenylamine) | 3.5 | 3.5 | 19.7 | 43.0 | -16.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29212200 | Hexamethylenediamine And Its Salts | 4.1 | 3.4 | 19.6 | 28.0 | -6.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29329600 | Carbofuran (Iso) | 3.8 | 3.4 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29329920 | Emamectin Benzonate(Iso),Abamectin,Dinotefuron | 3.4 | 3.4 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29031990 | Other Chloromethane And Chloroethane | 7.2 | 3.2 | -15.6 | -15.0 | -0.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29034700 | 1,1,1,3,3-Pentafluoropropane (Hfc-245Fa) And 1,1,2,2,3-Pentafluorop... | 3.2 | 3.2 | 3.3 | -15.0 | 21.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29146910 | 1:4 Dihydroxy Anthraquinone (Quinizarin) | 3.4 | 3.2 | -23.7 | -27.0 | 4.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29157010 | Palmitic Acid | 5.2 | 3.1 | 18.0 | 26.0 | -6.1 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29419050 | Neomycin | 3.2 | 3.1 | 23.9 | 31.0 | -5.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071510 | Alpha Naphthol | 9.6 | 3.0 | 22.1 | 27.0 | -4.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29214224 | Ethyl Aniline | 3.1 | 3.0 | 1729.4 | 2322.0 | -24.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29331970 | Analgin | 3.0 | 3.0 | -34.4 | -29.0 | -7.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29141990 | Other Acylc Ketones Without Othr Oxygn Fn. | 38.9 | 2.9 | -9.3 | 1.0 | -10.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29362390 | Other Vitamin B2 And Its Derivatives | 3.0 | 2.8 | -34.2 | -47.0 | 23.6 | Scissors Effect | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29042050 | Para Nitrotoluene | 3.3 | 2.7 | -14.8 | -24.0 | 11.7 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29173700 | Dimethyl Terephthalate | 2.7 | 2.7 | -22.1 | -17.0 | -6.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29159091 | Hexoic Acid (Caproic Acid) | 2.6 | 2.6 | -43.7 | -41.0 | -4.4 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29202930 | Tris (2, 3 Dibromopropyl) Phosphate | 2.6 | 2.6 | 10.1 | 14.0 | -3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29159070 | Neodecanoyl Chloride | 6.7 | 2.5 | 11.8 | -29.0 | 56.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071910 | O-Phenyl Phenols | 2.3 | 2.3 | 0.9 | -19.0 | 24.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29163160 | Orthochloro Benzoic Acid | 3.1 | 2.3 | 39.5 | 57.0 | -10.9 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29163110 | Benzoic Acid | 11.6 | 2.2 | 18.3 | 40.0 | -15.3 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29214380 | 4-Toluidine-3-Sulphonic Acid | 2.1 | 2.1 | -32.6 | -26.0 | -9.0 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29222912 | Meta Aminophenol Thn One Kind Of Oxygen Function ;Salts | 2.9 | 2.1 | 154.8 | 179.0 | -8.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29224290 | Other Glutamic Acid And Its Salts | 11.8 | 2.1 | -14.2 | 10.0 | -22.2 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29183040 | Methyl Acet0 Acetate | 2.6 | 2.0 | -27.4 | -25.0 | -3.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29412090 | Other Streptomycine And Drvtvs, Salts | 2.3 | 2.0 | -0.4 | -64.0 | 174.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29021910 | Cyclopropyl Actetylene | 1.9 | 1.9 | 8.5 | -23.0 | 40.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29039910 | Chlorofluorobenzene | 1.9 | 1.9 | -40.8 | -32.0 | -12.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29225014 | Amino Anisic Acid Anilide | 1.9 | 1.9 | 82.4 | 21.0 | 50.4 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29359014 | Sulphadimidine | 2.0 | 1.9 | 36.8 | 8.0 | 27.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29396900 | Other, Of Vegetal Origin | 3.6 | 1.9 | 13.5 | -6.0 | 21.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29151300 | Esters Of Formic Acid | 5.5 | 1.8 | -18.4 | -20.0 | 2.0 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29337200 | Clobazam (Inn) And Methypryldn (Inn) | 3.9 | 1.8 | 59.2 | 23.0 | 29.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29130010 | Ortho-Chloro-Benzaldehyde | 2.5 | 1.7 | -17.9 | -37.0 | 29.7 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29171930 | Succinic Acid | 1.9 | 1.7 | 15.3 | 50.0 | -23.0 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29181610 | Calcium Gluconate | 6.8 | 1.7 | -24.7 | -14.0 | -12.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29024200 | M-Xylene | 1.6 | 1.6 | -41.6 | -23.0 | -24.0 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29041010 | Benzene Sulphonic Acid | 2.4 | 1.6 | 0.4 | 18.0 | -14.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29026000 | Ethylbenzene | 1.5 | 1.5 | -17.3 | -3.0 | -15.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29071950 | Alkyl Phenols | 1.9 | 1.5 | 203.3 | 55.0 | 95.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29163190 | Other Salts And Esters Of Benzoic Acid | 27.4 | 1.5 | 8.4 | -26.0 | 47.0 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29029010 | Dipentene | 3.6 | 1.4 | 12.7 | -37.0 | 80.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29252910 | Guanidine Nitrate | 1.4 | 1.4 | 139.0 | 143.0 | -1.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29280010 | Isoniazid | 2.7 | 1.4 | 59.3 | 36.0 | 17.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29420032 | Cimetidine | 1.4 | 1.4 | 121.5 | 40.0 | 58.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29270010 | Para Amino-Azo-Benzene | 1.5 | 1.3 | -17.4 | -10.0 | -7.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29362950 | Vitamin H (Bi0Lin) | 1.7 | 1.3 | 10.3 | -16.0 | 30.6 | No Signal | Pharma API/intermediate — precursor-chemistry dependency on China; strategic substitution priority (PLI-for-APIs scheme already targets this). |
| 29392010 | Quinine Alkaloids | 1.3 | 1.3 | 94.0 | 76.0 | 10.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29089990 | Other Hlgntd Slphntd Nitrated/Nitrostd Drvtvs Of Phenols/Phenol-... | 8.4 | 1.2 | -18.7 | -28.0 | 13.2 | Scissors Effect | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29222914 | Meta Diethyl Amino-Phenol | 1.3 | 1.2 | 12.9 | 40.0 | -19.1 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29359024 | Sulphamide | 1.2 | 1.2 | 44.6 | 68.0 | -14.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29095010 | Guaiacol | 3.4 | 1.1 | 73.5 | 85.0 | -6.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29153940 | Methyl Acetate | 1.4 | 1.1 | 17.8 | 53.0 | -23.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29331950 | 1-Phnyl-5-Pyrazln-3-Crboxylc Acd Ethylestr | 1.1 | 1.1 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29038990 | Others-Of-Other Halogenated Derivatives Of Cyclanic, Cyclenic Or Cy... | 2.9 | 1.0 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29042010 | Nitrobenzene | 1.4 | 1.0 | -2.2 | 68.0 | -41.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29042030 | Meta Nitrotoluene | 1.1 | 1.0 | -26.0 | -20.0 | -7.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29171920 | *Malonic Acid | 1.0 | 1.0 | 57.8 | 69.0 | -6.5 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29191000 | Tris(2,3-Dibromopropyl) Phosphate | 1.0 | 1.0 | 12.4 | 9.0 | 2.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29214524 | Kchs Acd(1-Npthylamn-3,6,8-Trislphnc Acd) | 1.0 | 1.0 | 50.7 | 47.0 | 2.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29024400 | Mixed Xylene Isomers | 1.2 | 0.9 | 963.6 | 2402.0 | -57.5 | Deepening | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29055900 | Other Acylic Alcohols | 15.5 | 0.9 | 4.7 | 9.0 | -3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29072100 | Resorcinol And Its Salts | 22.2 | 0.9 | -38.6 | -36.0 | -3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29214516 | Sodium Naphthionate | 1.4 | 0.9 | 159.6 | 173.0 | -4.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29329300 | Piperan0L | 1.5 | 0.9 | -44.3 | -37.0 | -11.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29095020 | Isoeugenol | 1.5 | 0.8 | -29.3 | -34.0 | 7.7 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29124100 | Vanillin(4-Hydroxy-3Methoxy Benzaldehyde) | 22.1 | 0.8 | 24.2 | 39.0 | -10.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29161960 | Sorbic Acid | 4.8 | 0.8 | 12.9 | 22.0 | -7.4 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29224210 | Glutamic Acid | 1.0 | 0.8 | 44.3 | 40.0 | 2.7 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 29143930 | Benzophenone | 3.2 | 0.6 | -29.1 | 7.0 | -33.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29224910 | Amino Acetic Acid (Glycine) | 19.0 | 0.6 | -25.9 | -15.0 | -13.2 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 29312000 | Tributyltin Compounds | 1.0 | 0.6 | -27.0 | -22.0 | -6.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 29315990 | Others-Of-Others-Of-Other Organo-Inorganic Compounds | 1.4 | 0.6 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Chapter 39 — Plastics & Articles Thereof
201 qualifying codes $17.21B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 39041020 | Suspension Grade Pvc Resin | 1632.5 | 1632.1 | -23.2 | -11.0 | -13.8 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39021000 | Polypropylene | 1372.0 | 1132.1 | 19.1 | 32.0 | -9.9 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39012000 | Polyethylene Hvng A Spcfc Grvty 0.94 /More | 938.6 | 827.6 | -18.5 | -13.0 | -6.8 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39269099 | Othr Article Of Plastic Nes | 1228.5 | 756.4 | 15.5 | 19.0 | -2.8 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39074000 | Polycarbonates | 611.1 | 607.6 | -6.8 | 3.0 | -9.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39023000 | Propylene Copolymers | 613.3 | 586.9 | 6.4 | 15.0 | -7.3 | Inelastic Target | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39199090 | Other Self-Adhsv Plts Etc Nes | 657.8 | 539.5 | 4.8 | 31.0 | -20.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39072990 | Others-Of-Others-Of-Polyacetals, Other Polyethers And Epoxide Resins, | 600.0 | 533.5 | 23.5 | 49.0 | -17.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39201099 | Othr Plts,Sheet Of Polymrs Of Ethylene Nes | 551.1 | 520.5 | 62.9 | 88.0 | -13.2 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39014090 | Others-Of-Ethylene-Alpha-Olefin Copolymers, Having A Specific Gravi... | 502.9 | 501.6 | -1.2 | 9.0 | -9.3 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39013000 | Ethylene-Vinyl Acetate Copolymers | 444.8 | 440.7 | 4.2 | 10.0 | -5.6 | Inelastic Target | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39041090 | Other Ply (Vinyl Choride), Not Mixed With Any Other Substances | 441.8 | 439.8 | -4.5 | 10.0 | -13.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39011020 | Low Density Polyethylene (Ldpe) | 389.8 | 381.6 | -2.5 | 6.0 | -7.9 | Inelastic Target | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39093100 | Poly(Methylene Phenyl Isocyanate) (Crude Mdi, Polymeric Mdi) | 390.3 | 379.2 | -6.1 | 4.0 | -9.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39069090 | Others Acrylic Polymers In Primary Forms Excl. Poly (Methyl Methac... | 600.9 | 358.3 | 4.6 | 9.0 | -3.9 | Inelastic Target | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39011090 | Othr Polyethylene Hvng A Spfc Grvty < 0.94 | 416.6 | 325.2 | -0.3 | 4.0 | -4.0 | Inelastic Target | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39100090 | Others-Of-Silicons In Primary Forms | 335.4 | 282.2 | 6.0 | 16.0 | -8.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39014010 | Linear Low Density Polyethylene (Lldpe) | 358.4 | 261.5 | 38.9 | 59.0 | -12.5 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39049010 | Chlorinated Poly Vinyl Chloride (Cpvc) Resin | 258.9 | 258.8 | 3.3 | 11.0 | -7.2 | Inelastic Target | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39072910 | Poly(Ether Alcohols) | 262.9 | 257.7 | -30.8 | -21.0 | -12.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39033000 | Acrylonitrile-Butadiene Styrene Copolymrs | 251.1 | 249.5 | -8.1 | 6.0 | -13.6 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39095000 | Polyurethanes | 331.8 | 245.9 | -1.1 | 4.0 | -4.4 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081011 | Flake (Chip) | 253.2 | 242.1 | -28.0 | -5.0 | -23.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39079900 | Others-Of-Other Polyesters (Saturated) | 296.6 | 241.1 | 5.2 | 20.0 | -12.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39019000 | Others-Of-Othr Polymersof Ethyline In Primary Forms | 273.8 | 219.8 | -6.5 | 5.0 | -10.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209999 | Others Plate/ Sheets Etc. Of Other Plastic N.E.S | 219.7 | 203.6 | 2.9 | -1.0 | 4.0 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39123929 | Others Cellulose Ethers Plasticized | 178.3 | 175.0 | 3.1 | 10.0 | -6.7 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39123919 | Other Cellulose Ethers Non-Plasticized | 172.2 | 157.7 | -9.8 | -8.0 | -2.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081019 | Other Primary Form Polyamide -11 {Ny/On-11): | 150.4 | 144.0 | -17.4 | 2.0 | -18.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39071000 | Polyacetals | 135.6 | 134.6 | 3.8 | 14.0 | -9.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39011010 | Linear L0W Density P0Lyethylene (Lldpe) | 192.9 | 125.1 | -7.1 | 0.0 | -6.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39052900 | Vnyl Acett Copolymr Excl In Aqous Disprsn | 125.2 | 123.5 | -5.7 | 7.0 | -11.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39162019 | Other Of Co-Polmrs Of Vinyl Chlride | 113.4 | 111.6 | 9.1 | 16.0 | -6.3 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39111090 | Others-Of-Petroleum Resins Coumarone Indene Orcoumarone-Indene Resi... | 113.4 | 109.7 | -12.9 | 2.0 | -14.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39029000 | Othr Polymers Of Propylene In Prmry Forms | 117.9 | 102.4 | -2.1 | -1.0 | -1.6 | Inelastic Target | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39039090 | Othr Polymers Of Styrene In Primary Forms | 126.3 | 101.4 | 6.6 | 23.0 | -13.5 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39053000 | Pv Alchl W/N Cntng Unhydrolyed Actate Grps | 93.0 | 89.6 | -5.4 | 3.0 | -8.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081041 | Flake(Chip) | 89.2 | 89.1 | -13.0 | -1.0 | -12.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39205119 | Other Sheets Of Plymthyl Methacrylte | 90.6 | 89.1 | -13.3 | 5.0 | -17.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39061090 | Other Poly Metyl Methacrylates | 91.0 | 85.6 | -7.8 | 8.0 | -14.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39073090 | Others-Of-Epoxide Resins | 107.0 | 84.6 | 20.5 | 9.0 | 10.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39205111 | Shts Of Plymthyl Methacrylte Rigid, Plain | 85.2 | 81.0 | 2.2 | 13.0 | -9.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39219029 | Othr Plts,Shts,Film Foil,Strip Etc, Of Polymer Of Vinyl Chloride... | 82.8 | 79.2 | 26.2 | 43.0 | -11.6 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39073010 | Epoxy Resins | 174.7 | 78.6 | 3.2 | -1.0 | 4.1 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39069070 | Sodium Polyacrylate | 77.0 | 76.8 | 24.5 | 29.0 | -3.3 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39229000 | Othr Sanitary Articles | 86.1 | 76.5 | 8.1 | 8.0 | -0.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39059990 | Others Polymers Of Vinyl Acetate/Of Othr Vinyl Estrs And Othr Viny... | 91.4 | 75.1 | 1.0 | 9.0 | -7.7 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39204900 | Othr Pltes Shts Of Polymr Of Vinyl Chlorid | 158.8 | 74.4 | 16.7 | 41.0 | -17.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39219099 | Othr Plts,Shts,Film Foil,Strip Etc Nes Other | 197.7 | 73.9 | -12.8 | 7.0 | -18.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39206290 | Pltes Shts Of Plyethyln Terephthalte Nes | 149.7 | 69.2 | -0.9 | 16.0 | -14.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209190 | Others-Of-Othr Pltes Shts Etcof Other Plastics: | 69.0 | 68.6 | 12.3 | 13.0 | -0.5 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39173290 | Othr Tube,Pipes And Hoses Not Reinforced Orcombined With Other M... | 71.8 | 66.4 | 10.5 | -26.0 | 48.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39139090 | Other Natrl And Modfd Natrl Polymers Nes | 72.0 | 65.7 | 37.1 | -5.0 | 45.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39032000 | Styrene Acrylonitrile (San) Copolymers | 71.0 | 65.0 | -0.0 | 14.0 | -12.5 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39089000 | Others-Of-Other Polyamides | 109.5 | 64.9 | 6.7 | 9.0 | -2.3 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39211900 | Othr Pltes Shts Etc Of Othr Plstcs Celulr | 89.5 | 64.5 | 6.1 | 11.0 | -4.0 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39041010 | Emulsion Grade Pvc Resin / Pvc Paste Resin / Pvc Dispersion Resin | 64.5 | 64.3 | -16.5 | -10.0 | -7.4 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39123100 | Carboxymethylcellulose And Its Salts | 78.0 | 62.9 | -11.0 | -3.0 | -8.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39059100 | Copolymers | 56.1 | 52.9 | -1.6 | 12.0 | -12.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39140090 | Other Ion Exchangers Based On Polymers Of Heading 3901 To 3913, In ... | 58.6 | 52.9 | 1.7 | 26.0 | -19.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39119090 | Other Products In Rimary Forms Nes | 129.5 | 52.8 | -5.2 | 18.0 | -19.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39052100 | Vnyl Acett Copolymrs In Aqueous Disprsn | 52.8 | 48.9 | 1.6 | 11.0 | -8.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39211390 | Pltes Etc Of Polyurethanes Other | 52.6 | 48.1 | 4.9 | 19.0 | -11.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39031990 | Other Polystyrene Nes | 90.4 | 46.4 | 33.0 | 57.0 | -15.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209939 | Plate Sheet Film Foil And Strip Of Copolymerof Vinyl Chlor... | 49.0 | 46.4 | -28.4 | -7.0 | -23.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39043090 | Vinyl Chloride-Vinyl Acetate Copolymer Nes | 45.9 | 45.3 | -2.1 | 23.0 | -20.4 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39079190 | Other Unsatrtd Polystr In Primary Forms | 51.8 | 44.4 | -4.8 | 3.0 | -7.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39045090 | Other Copolymer Of Vinylidene Chloride | 43.5 | 43.5 | 9.4 | 2.0 | 7.8 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39049090 | Others-Of-Other Polymers Of Vinyl Chloride Or Ofother Halogenated O... | 46.4 | 43.5 | -47.8 | -45.0 | -4.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39093990 | Others-Of-Others-Of-Amino-Resins, Phenolic Resins And Polyurethanes, | 45.5 | 41.6 | 5.8 | 22.0 | -13.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39076190 | Other Primary Form | 270.3 | 40.8 | 20.8 | 36.0 | -11.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39094090 | Phenolic Resins Nes | 61.9 | 39.3 | -11.1 | -10.0 | -1.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39172990 | Tube Pipeand Hoses Of Othr Plstcs Rigid Nes | 50.7 | 36.2 | -6.8 | -17.0 | 12.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081079 | Other Primary Form | 34.5 | 34.1 | -16.2 | -16.0 | 0.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081049 | Other Primary Form Polyamide -6,9 (Nylon-6,9): | 34.4 | 34.0 | 26.5 | 51.0 | -16.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39259090 | Other Builders Ware Of Plastics Nes | 113.5 | 33.9 | 58.3 | 91.0 | -17.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39235090 | Othr Stoprs Lid Capsandothr Clsres Of Plstcs | 74.7 | 31.2 | 14.2 | -2.0 | 16.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39191000 | Self-Adhsv Plts Etc In Rls,Wdth < = 20Cm | 66.6 | 30.9 | 11.3 | 30.0 | -14.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39264029 | Other Beads | 31.4 | 30.9 | 7.6 | 24.0 | -13.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39205199 | Othr Plat,Sheet Of Plymthyl Methacrylt Nes | 31.8 | 30.3 | -3.8 | 3.0 | -6.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39211200 | Pltes Etc Of Polymrs Of Vinyl Chlorde | 60.4 | 30.3 | 22.8 | 50.0 | -18.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39174000 | Fittings For Tubes Pipes And Hoses Of Plstc | 89.5 | 29.5 | 20.5 | -2.0 | 22.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209959 | Retro Reflective Sheeting Other | 28.3 | 28.2 | -27.6 | 13.0 | -35.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39199010 | Plastic Stickers, Whether Or Not Printed, Embossed, Or Impregnated | 58.6 | 27.4 | 11.2 | 28.0 | -13.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39173990 | Othr Tubes Pipes And Hoses Nes | 64.5 | 27.3 | 4.7 | -1.0 | 5.8 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39100020 | Silicone Oil | 36.7 | 26.6 | 6.0 | 17.0 | -9.3 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 39189090 | Floor Covering Of Other Plastics Nes | 29.1 | 26.3 | 6.5 | -1.0 | 7.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209219 | Poly (Amide Flurode) Film Other | 25.8 | 25.6 | -0.8 | 14.0 | -12.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39151000 | Wste Parings And Scrap Of Plymrs Of Ethylene | 23.4 | 23.4 | 4.6 | 8.0 | -3.3 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39079150 | Poly (Butylene Terepthalate) Unsaturated | 35.5 | 23.2 | 2.3 | 9.0 | -6.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39206190 | Pltes Shts Etc Of Plycrbnts Nes | 50.2 | 22.5 | 124.0 | -4.0 | 132.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39100010 | Silicone Resins | 23.8 | 20.4 | 35.4 | 72.0 | -21.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39123922 | Methyl Cellulose Plasticized | 21.1 | 20.2 | -0.0 | 9.0 | -8.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209299 | Other Polyamides Nes | 18.8 | 18.4 | 10.0 | 34.0 | -17.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39059910 | Polyvinyl Pirolidone(P Alcohol) | 21.2 | 18.1 | -31.3 | -22.0 | -11.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39269079 | Other Plastic Or Nylon Tipped Hammers; Insulating Liner Of Nylon... | 21.2 | 18.1 | 130.6 | 99.0 | 16.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39022000 | Polyisobytylene | 39.3 | 17.9 | -15.5 | -6.0 | -9.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39069040 | Poly (Acrylic Acid) | 17.7 | 17.5 | -60.3 | -56.0 | -9.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39204300 | Pltes Shts Etc Of Polymrs Of Vinyl Chloridcont. By Weight >=... | 23.4 | 17.0 | -9.9 | -6.0 | -3.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39201019 | Other Sheets Of Poleythylene: | 104.7 | 16.9 | -3.7 | 20.0 | -20.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39199020 | Cellulose Adhesive Tape | 17.8 | 16.7 | 14.4 | 32.0 | -13.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39092090 | Other Melamine Resins | 21.6 | 16.0 | -9.6 | -8.0 | -1.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39077000 | Poly (Lactic Acid) | 16.0 | 15.7 | 50.8 | 87.0 | -19.5 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 39269029 | Othr Couplers,Packing Ring, O Rings And Like | 18.3 | 15.6 | 10.0 | -8.0 | 20.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39231090 | Box Case Crate And Smlr Artcls Of Plstcs Nes | 65.9 | 14.1 | 9.7 | 15.0 | -4.6 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39069060 | Copolymers Of Acrylonitrile | 13.9 | 13.4 | 19.8 | 16.0 | 3.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39111010 | Coumarone-Indene Resins | 13.9 | 13.1 | 11.6 | 33.0 | -15.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39139019 | Other Chemical Derivative Of Natural Rubbr | 13.2 | 12.7 | -17.9 | -14.0 | -4.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39207999 | Othr Pltes Shts Etc Of Othr Celulse Drvtvsother Nes | 12.8 | 12.7 | 72.5 | 117.0 | -20.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39263090 | Othr Fitting For Furnitur Coachwork/ Like | 17.6 | 12.7 | 36.4 | 40.0 | -2.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39123911 | Ethyl Cellulose Non-Plasticized | 17.0 | 12.6 | 13.6 | 90.0 | -40.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39264049 | Othr Tableandothr Houshold Artcl Of Decoratn | 13.7 | 12.4 | 40.8 | 57.0 | -10.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081039 | Other Primary Form Polyamide -6,6 (Nylon-6,6): | 12.3 | 11.8 | 4.0 | 1.0 | 2.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39261019 | Office Supplies Excl Pins Clips Writing Instruments Of Other Make | 14.8 | 11.3 | 34.4 | 41.0 | -4.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39222000 | Lavatory Seats And Covers | 12.8 | 8.5 | -11.3 | -11.0 | -0.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081029 | Other Primary Form Polyamide -12 (Nylon-12): | 8.1 | 8.1 | 18.7 | 10.0 | 8.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209929 | Sheets Films Strip Of Vinyl Plastics Nes | 8.9 | 8.1 | -14.8 | -15.0 | 0.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39264099 | Othr Statuete And Othr Ornamental Articl Nes | 8.9 | 8.1 | 44.4 | 19.0 | 20.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39206390 | Pltes Shts Of Unsaturated Polyesters Nes | 12.5 | 8.0 | 17.6 | 21.0 | -2.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39123912 | Methyl Cellulose Non-Plasticized | 8.0 | 7.8 | 43.2 | 52.0 | -5.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39044000 | Other Vinyl Chloride Copolymers | 7.9 | 7.4 | -18.8 | -16.0 | -3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209992 | Other Plates Sheets Etc Of Othr Plastics Flexible, Plain | 7.8 | 7.4 | 1.2 | -65.0 | 186.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39173300 | Tubes Pipes And Hoses Nt Reinforced/ Othrwisecombined With O... | 14.8 | 7.1 | 26.6 | 24.0 | 1.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39233010 | Crbys Bttls Flsks And Smlr Artcls Of Plstcs Insulated Ware | 9.3 | 7.1 | -6.8 | -47.0 | 75.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39131010 | Sodium Alginate | 9.7 | 6.9 | 9.2 | -9.0 | 20.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39202010 | Pltes Shts Etc. Of Polymrs Of Propyln Rigid, Plain | 9.7 | 6.8 | 72.3 | 168.0 | -35.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39203090 | Pltes Shts Etc. Of Polymrs Of Styrene Nes | 17.3 | 6.6 | -27.6 | -26.0 | -1.5 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39211100 | Pltes Shts Etc Of Polymrs Of Styrene | 7.1 | 6.6 | -13.6 | -1.0 | -12.4 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39219039 | Othr Plts,Shts,Film Foil,Strip Etc, Of Regenerated Cellulose :Other | 6.7 | 6.6 | 11.0 | 33.0 | -16.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39269091 | Othr Article Of Plastic Of Polyurethn Foam | 7.8 | 6.6 | 117.2 | -31.0 | 213.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39069050 | Polyacrylonitrile (Pan) | 6.0 | 5.9 | 195.6 | 221.0 | -7.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39264039 | Other Statuettes | 8.2 | 5.9 | 124.1 | 160.0 | -13.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39131090 | Other Alginic Acid Its Salts And Esters | 6.0 | 5.8 | -4.9 | 23.0 | -22.6 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 39091090 | Other Urea Resins Thiourea Resins | 7.2 | 5.6 | -7.9 | 18.0 | -22.0 | No Signal | Fertiliser feedstock/finished — India lacks phosphate rock & potash reserves; imports are structural, not import-substitutable without mining tie-ups (Morocco/Jordan/Canada/Belarus). |
| 39121110 | Cellulose Acetate Flakes | 5.8 | 5.6 | 66.7 | 63.0 | 2.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39239020 | Othr Artcls For The Cnvynce/Pckng Of Goodsaseptic Bags | 13.3 | 5.6 | -0.6 | 14.0 | -12.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39043010 | Poly Vinyl Derivatives | 5.9 | 5.4 | 72.4 | 51.0 | 14.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209919 | Plates Sheets Films Foil And Strip Of Poly (Vinyl Acetate) Nes | 12.3 | 5.4 | -27.1 | -1.0 | -26.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39042100 | Other Poly (Vinyl Choride), Mixed With Other Substances -- Non Plas... | 6.3 | 5.3 | -45.5 | -15.0 | -35.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39211400 | Pltes Etc Of Regnrtd Celulse | 5.4 | 5.3 | 19.3 | 16.0 | 3.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39201011 | Sheets Of Poleythylene: Rigid, Plain | 7.2 | 4.9 | 8.7 | 26.0 | -13.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39162099 | Other Of Other Polmrs Of Vinyl Chlride | 11.8 | 4.6 | 0.0 | -5.0 | 5.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39269059 | Othr Retroreflctiv Sheet Excl .Headng 3920 | 5.5 | 4.6 | 73.1 | 128.0 | -24.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39205999 | Othr Shets Etc Of Othr Acrylic Polymer Nes | 7.0 | 4.4 | 0.1 | 171.0 | -63.0 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39206999 | Other Pltes Shts Etc Of Othr Polyester Nes | 14.7 | 4.4 | 40.7 | 51.0 | -6.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39253000 | Shutters Blinds(Including Venetian Blinds)And Similar Articles And ... | 6.2 | 4.4 | 3.2 | 0.0 | 3.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39123921 | Ethyl Cellulose Plasticized | 4.4 | 4.2 | 63.8 | 86.0 | -11.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081071 | Flake (Chip) | 4.1 | 4.1 | 44.5 | 22.0 | 18.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39249010 | Toilet Articles | 5.3 | 4.0 | -28.0 | 21.0 | -40.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39207111 | Cello Phane Transparent Film | 4.0 | 3.9 | -5.9 | -23.0 | 22.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39205919 | Poly Acrylate Sheets Other | 4.4 | 3.8 | -52.1 | -41.0 | -19.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39039010 | Copolymers, Solely Of Styrene With Allyl Alcohol, Of Any Acetyl Va... | 3.6 | 3.6 | 9.9 | 27.0 | -13.8 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39079110 | Maleic Resins Unsaturated | 5.7 | 3.5 | -30.4 | -17.0 | -15.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39219026 | Othr Plts,Shts,Film Foil,Strip Etc, Of Polymer Of Vinyl Chloride... | 6.1 | 3.4 | 65.9 | 93.0 | -14.2 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39209110 | Rigid, Plain | 3.3 | 3.3 | 17.3 | 20.0 | -2.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39121190 | Others-Of-Cellulose Acetates-Non-Plasticised | 3.3 | 2.8 | -21.7 | -65.0 | 122.0 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39221000 | Baths Shower-Baths And Wash-Basins | 7.8 | 2.7 | 26.7 | 27.0 | -0.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39264059 | Other Decorative Sheets | 2.8 | 2.7 | -32.0 | -21.0 | -13.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39169010 | Canes Of Othr Plstcs | 3.1 | 2.6 | 75.1 | 110.0 | -16.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39234000 | Spls Cops Bobbins And Smlr Spprts Of Plstcs | 12.6 | 2.6 | 28.6 | 25.0 | 2.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39172190 | Others-Of-Tubes Pipes And Hoses Of Polyethylne Rigid | 15.7 | 2.5 | 10.6 | 23.0 | -9.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39091010 | Urea Formaldehyde Resins | 4.2 | 2.2 | -1.9 | 4.0 | -5.2 | No Signal | Fertiliser feedstock/finished — India lacks phosphate rock & potash reserves; imports are structural, not import-substitutable without mining tie-ups (Morocco/Jordan/Canada/Belarus). |
| 39122019 | Others-Non-Plasticized | 17.0 | 2.2 | 4.2 | -6.0 | 11.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39207329 | Shts Of Cellulose Acetate Plasticised Nes | 2.2 | 2.2 | 197.3 | 117.0 | 37.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39269039 | Other Lasts With Or Witout Steel Hings; Evaand Grape Sheet For So... | 2.9 | 2.1 | -7.2 | -34.0 | 41.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39039020 | Brominated Polystyrene,Weight 58% Or More But Not More Than 71%Of B... | 2.0 | 2.0 | -54.0 | -70.0 | 52.7 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209991 | Other Plates Sheets Etc Of Othr Plastics Rigid, Plain | 1.8 | 1.8 | 18.3 | 67.0 | -29.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39079130 | Fumeric Resins Unsaturated | 2.1 | 1.6 | 9.5 | 2.0 | 6.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081031 | Flake (Chip) | 1.6 | 1.6 | -6.9 | -4.0 | -2.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39206110 | Pltes Shts Etc Of Plycrbnts Rigid, Plain | 3.1 | 1.6 | 81.5 | 29.0 | 40.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39207119 | Other Cello Phane Transparent | 1.6 | 1.6 | -27.5 | -26.0 | -2.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39231040 | Packing For Accommodating Connectors | 1.6 | 1.6 | -4.1 | -24.0 | 25.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39262039 | Other Plastic Stickers For Garments | 1.8 | 1.6 | -25.4 | -33.0 | 11.0 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39269041 | Ring Buckl Tack Washr Othr Deco Fittngs Ofpalstic Used Trim And E... | 1.7 | 1.6 | 154.5 | -26.0 | 243.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39203010 | Pltes Shts Etc. Of Polymrs Of Styrene Rigid, Plain | 4.2 | 1.5 | 4.8 | 10.0 | -5.1 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 39209490 | Othr Pltes Shts Etc Of Phenolic Resins Nes | 2.1 | 1.5 | 7.3 | 10.0 | -2.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39264060 | Sequine | 1.6 | 1.5 | 226.5 | 356.0 | -28.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39061010 | Binders For Pigments Or Inks | 1.7 | 1.4 | 42.7 | 71.0 | -16.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39046910 | Poly (Vinyl Fluoride) As In Note 6(B) Chap | 2.3 | 1.3 | -16.5 | 10.0 | -23.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39081021 | Flake (Chip) | 1.4 | 1.3 | 522.7 | 546.0 | -3.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39129010 | Propionate Cellulose And Aceto Non-Plstczd | 1.6 | 1.3 | -26.5 | -38.0 | 18.9 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39169060 | Vulcanized Fibre (Rod Etc) | 1.5 | 1.3 | -64.0 | -68.0 | 12.1 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39072100 | Bis (Polyoxyethylene) Methyl Phosphonate | 1.3 | 1.2 | 73.7 | 300.0 | -56.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39169090 | Othr Plymrsn And Coplymrsn Prdcts | 15.2 | 1.2 | 21.6 | 31.0 | -7.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39201091 | Othr Plts,Sheet Etc Of Polymrs Of Ethylenerigid, Plain | 1.4 | 1.2 | 89.2 | 106.0 | -8.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39139030 | Dextran | 1.1 | 1.1 | -31.1 | -78.0 | 207.4 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39262091 | Other Artcls Of Aprl Of Polyurethane Foam | 1.2 | 1.1 | 8.4 | 32.0 | -17.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39169050 | Clulse Ntrte And Celuld Plstczd And Nonplstczd | 1.1 | 1.0 | -1.8 | -5.0 | 2.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39207399 | Othr Pltes Shts Of Cellulose Acetate Nes | 1.1 | 1.0 | 8.7 | 83.0 | -40.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39169023 | Alkyds And Polyesters | 1.1 | 0.9 | -15.3 | -8.0 | -7.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209922 | Sheets Films Strip Of Vinyl Plastics Flexible, Plain | 1.4 | 0.9 | -8.3 | 20.0 | -23.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39262019 | Non-Disposable Gloves | 1.1 | 0.9 | 6.9 | 23.0 | -13.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39209949 | Sheet Of Poly(Tetrafluro-Ethylene)(Ptfe) Other | 7.4 | 0.8 | -14.2 | -16.0 | 1.7 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 39262029 | Other Apron | 1.3 | 0.8 | -26.7 | -87.0 | 445.2 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39262049 | Othr Colar Stays,Patties,Butterfly, Sholudrand Other Stays | 1.0 | 0.8 | 54.5 | 48.0 | 4.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39262099 | Other Artcls Of Aprl Nes | 4.5 | 0.8 | 28.5 | 41.0 | -8.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39171020 | Tube,Pipeandhosesandfttng Of Cellulosic Materl | 1.2 | 0.7 | -0.8 | -80.0 | 400.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39252000 | Doors Wndows And Thr Frms Thrshlds For Doors | 10.3 | 0.7 | 57.9 | 57.0 | 0.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39259010 | Othr Builder Ware Of Plstcs Of Polyurethne | 1.6 | 0.7 | -35.0 | 19.0 | -45.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39231010 | Plastic Containers For Audio Or Video Cassettes, Cassette Tapes... | 1.9 | 0.6 | 57.9 | 43.0 | 10.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 39262011 | Disposable Gloves | 2.0 | 0.6 | 43.5 | 60.0 | -10.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Chapter 28 — Inorganic Chemicals & Fertiliser Intermediates
113 qualifying codes $12.03B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 28433000 | Gold Compounds | 4012.3 | 4012.2 | 67.0 | 56.0 | 7.1 | No Qty Match / Flagged | ⚠️ DUTY-ARBITRAGE ANOMALY, not organic chemical demand: this code was used to import gold in liquid/compound form to dodge the 6% bullion duty (imports here spiked ~9x YoY in some quarters per trade press). DGFT reclassified HS 28433000 from "free" to "restricted" in June 2025 to close the loophole — FY26's $4.0B is largely pre-restriction bullion-in-disguise flow, not a real chemical-sector import-substitution target. Excluded from PLI/capex framing. |
| 28092010 | Ph0Sph0Ric Acid | 2674.2 | 2666.0 | 26.3 | 2.0 | 24.0 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 28439012 | Noble Metal Solutions Of Platinum,Rhodium And Palladium | 1294.2 | 1277.7 | 35.1 | -1.0 | 36.1 | No Signal | Precious/noble metal — natural-resource constrained; India has negligible reserves, substitution means recycling/urban-mining not manufacturing. |
| 28141000 | Anhydrous Ammonia | 1079.2 | 1077.0 | 4.3 | -1.0 | 5.6 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28012000 | Iodine | 335.6 | 327.8 | 5.6 | -2.0 | 7.7 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28439019 | Other Compounds | 249.0 | 241.6 | 120.3 | 20.0 | 83.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28047030 | Phosphorus White Or Yellow | 206.8 | 206.8 | 19.1 | 15.0 | 3.7 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28046900 | Other Silicon | 202.7 | 201.3 | 13.8 | 44.0 | -20.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28070010 | Sulphuric Acid | 249.8 | 180.0 | 46.6 | 6.0 | 38.3 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 28362010 | Disodium Carbonate Dense | 166.8 | 155.8 | -8.9 | -14.0 | 5.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28182090 | Other Aluminium Oxide | 161.5 | 142.6 | 11.5 | 11.0 | 0.1 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28401900 | Other Disodium Tetraborates | 96.2 | 95.2 | 9.1 | 1.0 | 7.8 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28261200 | Fluorides Of Aluminium | 77.0 | 76.7 | -7.1 | 6.0 | -12.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28429090 | Other Salts Of Inorganic Acids/ Peroxoacids | 61.5 | 56.9 | 0.9 | 3.0 | -2.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28492090 | Other Carbides Of Silicon | 59.5 | 56.8 | 1.3 | 12.0 | -9.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28352610 | Calcium Monobasic Phosphate | 54.6 | 54.4 | 41.1 | 19.0 | 18.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28500010 | Hydried (Other Than Lithium Alluminium Hydried) | 55.0 | 54.0 | -14.3 | -12.0 | -2.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28251020 | Hydrazine Hydrate | 44.2 | 44.0 | 7.1 | 16.0 | -8.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28230010 | Titanium Dioxide | 59.7 | 42.8 | 2.5 | -3.0 | 5.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28419000 | *Other Salts Of Oxometallic Or Peroxometallic Acids, Nes | 46.2 | 42.6 | 50.2 | 10.0 | 36.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28042910 | Hellium | 42.8 | 42.3 | -19.2 | -2.0 | -17.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28353100 | Sodium Triphosphate( Sodium Triplyphosphae | 42.7 | 41.9 | 8.3 | 12.0 | -3.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28256020 | Zirconium Dioxides | 42.2 | 40.8 | 2.2 | -3.0 | 5.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28257090 | Other Molybdenum Oxides And Hydroxides | 36.6 | 36.6 | 37.0 | 25.0 | 9.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28080010 | Nitric Acid | 41.4 | 34.4 | 22.4 | 31.0 | -6.5 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 28253010 | Vanadium Penioxide Flakes | 32.2 | 32.2 | 32.4 | 41.0 | -5.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28421000 | Double Or Complex Silicates Incl. Aluminosilicates | 44.0 | 29.5 | 26.1 | 64.0 | -23.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28369990 | Other Carbonates, Nes | 40.1 | 29.1 | 16.1 | 2.0 | 13.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28364000 | Potassium Carbonates | 26.6 | 25.5 | -7.6 | -6.0 | -1.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28365000 | Calcium Carbonate | 50.8 | 24.9 | -24.2 | -12.0 | -13.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28051200 | Calcium | 24.1 | 23.7 | -19.5 | -7.0 | -13.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28258000 | Antimony Oxides | 68.1 | 23.3 | -10.8 | -60.0 | 122.9 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28289030 | Sodium Chlorite | 23.1 | 22.6 | 26.7 | 34.0 | -5.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28353900 | Other Polyphosphates | 25.2 | 22.4 | -3.3 | -5.0 | 2.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28111990 | Other Inorganic Acids | 36.5 | 21.5 | 21.9 | 32.0 | -7.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28332700 | Barium Sulphate | 23.5 | 20.7 | 27.5 | 30.0 | -2.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28051900 | Other Alkali/Alkaline -Earth Metals | 20.2 | 20.0 | 6.0 | -2.0 | 7.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28112200 | Silicon Dioxide | 105.8 | 19.8 | -3.1 | -10.0 | 7.8 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28152000 | Potassium Hyproxide (Caustic Potash) | 23.0 | 18.6 | 3.0 | 3.0 | 0.2 | No Signal | Fertiliser feedstock/finished — India lacks phosphate rock & potash reserves; imports are structural, not import-substitutable without mining tie-ups (Morocco/Jordan/Canada/Belarus). |
| 28252000 | Lithium Oxide And Hydroxide | 25.5 | 18.2 | 9.4 | 37.0 | -20.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28413000 | Sodium Dichromate | 17.2 | 16.7 | 14.5 | 18.0 | -3.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28500049 | Other Silicides Exceptcalcium | 16.5 | 16.3 | 57.4 | 119.0 | -28.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28131000 | Carbon Disulphide | 15.6 | 15.6 | 16.0 | 15.0 | 0.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28051100 | Sodium | 15.4 | 15.4 | 0.2 | 3.0 | -2.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28291100 | Sodium Chlorate | 15.2 | 15.2 | -16.3 | 2.0 | -18.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28049000 | Selenium | 15.2 | 14.6 | 17.9 | 15.0 | 2.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28111100 | Hydrogen Fluoride(Hydrofluoric Acid) | 18.1 | 14.3 | 35.4 | 45.0 | -6.5 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 28499090 | 0Ther Metal Carbides | 12.6 | 12.5 | 134.1 | 120.0 | 6.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28112990 | Other Inorgnc Oxgn Compnds Of Non-Mtls, Nes | 13.1 | 12.2 | -6.3 | 3.0 | -8.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28201000 | Manganese Dioxide | 16.7 | 11.8 | 4.2 | 6.0 | -2.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28432100 | Silver Nitrate | 14.5 | 11.8 | 28.1 | -39.0 | 109.0 | No Signal | Precious/noble metal — natural-resource constrained; India has negligible reserves, substitution means recycling/urban-mining not manufacturing. |
| 28432900 | Other Compound Of Silver | 13.1 | 11.2 | 71.8 | 14.0 | 51.2 | No Signal | Precious/noble metal — natural-resource constrained; India has negligible reserves, substitution means recycling/urban-mining not manufacturing. |
| 28100010 | Oxides Of Boron | 11.2 | 11.0 | 17.3 | 22.0 | -3.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28332400 | Nickel Sulphate | 16.0 | 10.8 | 98.3 | 139.0 | -16.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28491000 | Carbides Of Calcium W/N Chmcly Defined | 10.8 | 10.5 | -23.3 | -20.0 | -3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28183000 | Aluminium Hydroxide | 56.9 | 10.3 | 5.9 | -9.0 | 16.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28351090 | Other Hypophosphites Nes | 12.9 | 10.1 | 19.4 | 26.0 | -5.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28402090 | Other Borates | 16.7 | 10.1 | 6.2 | -17.0 | 27.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28259020 | Cadmium Oxide | 10.4 | 9.9 | 6.9 | -12.0 | 22.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28369910 | Percarbonates | 9.6 | 9.2 | -8.3 | 1.0 | -9.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28500041 | Calcium Silicide | 8.8 | 8.7 | 753.4 | 1156.0 | -32.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28251040 | Hydroxylamine Sulphate | 10.2 | 8.3 | -24.4 | -14.0 | -11.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28362090 | Other Disodium Carbonate | 10.7 | 8.3 | -34.3 | -39.0 | 7.6 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28259090 | Other Inorganic Bases Metal Oxides Hydroxides And Peroxides | 33.5 | 7.9 | 75.2 | -91.0 | 1776.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28211010 | Iron Oxides | 34.2 | 7.6 | 6.2 | 5.0 | 1.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28431010 | Colloidal Precious Metals Of Gold | 7.4 | 7.4 | 3.1 | 239.0 | -69.6 | No Signal | Precious/noble metal — natural-resource constrained; India has negligible reserves, substitution means recycling/urban-mining not manufacturing. |
| 28013020 | Bromine | 29.9 | 7.0 | 16.5 | 1.0 | 15.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28181000 | Artificial Corundum W/N Chemically Defined | 32.8 | 7.0 | 44.8 | 49.0 | -3.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28500020 | Nitrides | 6.8 | 6.8 | 15.7 | 34.0 | -13.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28254000 | Nickel Oxides And Hydroxides | 10.5 | 6.5 | -43.1 | -5.0 | -39.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28273990 | Other Chlorides, Nes | 48.2 | 6.5 | 9.0 | -3.0 | 12.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28369100 | Lithium Carbonates | 12.6 | 6.5 | 2.9 | 52.0 | -32.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28253090 | Other Oxides And Hydroxides Of Vanadium | 6.2 | 6.1 | 95.9 | 159.0 | -24.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28352690 | Other Calcium Phosphate | 8.9 | 5.8 | 29.0 | -10.0 | 43.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28259040 | Calcium Hydroxide | 7.1 | 5.7 | -4.2 | 8.0 | -10.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28369200 | Strontium Carbonate | 5.6 | 5.5 | 25.8 | 15.0 | 9.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28499010 | Boron Carbide | 6.6 | 5.5 | 14.6 | -3.0 | 18.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28220020 | Cobalt Hydroxide | 7.6 | 5.4 | 88.1 | 83.0 | 2.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28401100 | Disidium Tetraborates (Rfnd Borax), Anhydrous | 5.7 | 5.4 | 35.7 | 28.0 | 5.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28371910 | Potassium Cyanide | 5.5 | 5.3 | -23.4 | 35.0 | -43.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28263000 | Sodium Hexafluoroaluminate | 5.7 | 5.2 | 178.3 | 189.0 | -3.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28259010 | Tin Oxide | 5.2 | 5.1 | 24.3 | 14.0 | 8.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28161010 | Magnesium Hydroxide | 10.6 | 4.7 | 44.9 | 28.0 | 12.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28251090 | Other Hydrazine And Hydroxylamine And Their Inorgnc Slts | 4.7 | 4.4 | -9.1 | -1.0 | -8.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28121990 | Others-Of-Others-Of-Halides And Halide Oxides Of Non-Metals | 4.8 | 4.2 | 69.6 | 26.0 | 34.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28054000 | Mercury | 3.9 | 3.9 | -8.7 | -26.0 | 23.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28371990 | Other Cyanides And Cyanide Oxides Nes | 3.9 | 3.9 | 59.5 | 153.0 | -37.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28030020 | Acetylene Black Carbon | 3.8 | 3.8 | -24.5 | -19.0 | -6.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28461090 | Other Cerium Compounds | 5.6 | 3.8 | 21.1 | 20.0 | 0.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28220010 | Cobalt Oxide | 4.5 | 3.5 | -11.9 | -35.0 | 35.3 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28352940 | Sodium Hexa Meta Phosphate | 3.8 | 3.5 | 8.3 | 12.0 | -3.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28030090 | Other Carbon | 6.3 | 3.4 | -3.7 | 7.0 | -10.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28053000 | Rare-Earth Metals Scandium And Yttrium W/N Intermixed/Interall... | 3.4 | 3.4 | -29.7 | -4.0 | -26.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28362020 | Disodium Carbonate Light | 32.6 | 2.9 | -5.0 | 5.0 | -9.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28352990 | Other Phosphates, Nes | 11.0 | 2.6 | 17.5 | 30.0 | -9.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28269000 | Other Fluorosilicates, Fluroaluminates And Other Complx Fluorine S... | 7.7 | 2.5 | 7.6 | -24.0 | 41.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28020020 | Precipitated Sulphur | 2.2 | 2.2 | 3114.3 | 32680.0 | -90.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28439020 | Amalgams | 2.3 | 2.2 | 395.7 | 378.0 | 3.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28539010 | Distilled Or Conductivity Water And Water Of Similar Purity | 2.6 | 2.2 | 58.2 | 40.0 | 12.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28352200 | Mono Or Disodium Phosphate | 4.5 | 2.1 | 13.9 | -61.0 | 188.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28461010 | Cerium Oxides | 2.1 | 2.1 | 67.2 | 23.0 | 36.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28352400 | Potassium Phosphate | 5.0 | 2.0 | -24.2 | -26.0 | 2.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28342910 | Strontium Nitrate | 2.1 | 1.9 | 9.3 | 3.0 | 6.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28091000 | Diphosphorus Peniaoxide | 6.7 | 1.8 | -11.2 | -9.0 | -2.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28164000 | Oxides,Hydroxides And Peroxide Of Strontium Or Barium | 2.0 | 1.6 | 22.1 | 25.0 | -2.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28111920 | Hypophpsphorous Acid (Phosphinic Acid) | 1.7 | 1.4 | -21.1 | -16.0 | -6.5 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 28309020 | Other Polysulphides | 1.7 | 1.3 | 37.1 | -39.0 | 123.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28500050 | Borides | 1.3 | 1.2 | -18.2 | -58.0 | 94.1 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28043000 | Nitrogen | 1.2 | 1.1 | 41.7 | 115.0 | -34.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28403000 | Peroxoborates (Perborates) | 1.5 | 1.0 | 4.9 | 9.0 | -4.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28112920 | Arsenic Trioxide | 1.0 | 0.9 | -47.4 | -18.0 | -36.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28372090 | Other Complex Cyanides | 1.5 | 0.9 | -3.3 | -38.0 | 55.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 28333090 | Other Alums | 1.6 | 0.6 | -10.3 | -20.0 | 12.1 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Chapter 31 — Fertilisers
20 qualifying codes $14.43B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 31053000 | Diamonm Hydrgnorthphospht(Diamonm Phospht) | 4871.6 | 4867.4 | 75.8 | 40.0 | 25.9 | Deepening | Fertiliser feedstock/finished — India lacks phosphate rock & potash reserves; imports are structural, not import-substitutable without mining tie-ups (Morocco/Jordan/Canada/Belarus). |
| 31021010 | Fertilizer Grade, Conforming To Standard Is 5406 | 3868.9 | 3868.8 | 148.0 | 98.0 | 25.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31021090 | Other : Urea, Whether Or Not In Aqueous Solution | 1287.0 | 1270.6 | 56.0 | 4.0 | 49.4 | No Signal | Fertiliser feedstock/finished — India lacks phosphate rock & potash reserves; imports are structural, not import-substitutable without mining tie-ups (Morocco/Jordan/Canada/Belarus). |
| 31042000 | Potassium Chloride | 1269.7 | 1267.8 | -0.1 | -15.0 | 17.8 | No Signal | Fertiliser feedstock/finished — India lacks phosphate rock & potash reserves; imports are structural, not import-substitutable without mining tie-ups (Morocco/Jordan/Canada/Belarus). |
| 31052000 | Minrl/Chemcl Fertlsrs Contng The Three Frtlsng Elmnts Nitrogn Ph... | 1152.6 | 1144.5 | 48.2 | 28.0 | 15.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31055900 | Othr Minrl/Chcml Fertlsrs Contng Two Fer-Lsng Elemnts Nitrogen... | 615.0 | 614.9 | 271.5 | 220.0 | 16.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31031100 | Superphosphates Containing By Weight 35 % Or More Of Diphosphorus P... | 551.3 | 551.3 | 234.1 | 157.0 | 30.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31054000 | Amonm Dihydrognorthophospht(Monoammonium Phospht)/Mxtrs With Diam... | 181.1 | 180.6 | 13.6 | 6.0 | 7.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31022100 | Ammonium Sulphate | 173.5 | 172.3 | 85.8 | 55.0 | 19.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31023000 | Ammonium Nitrate W/N In Aqueous Solution | 157.7 | 149.9 | -6.6 | -5.0 | -1.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31056000 | Minrl Or Chmcl Fertlsrs Contng The Two Fertlsng Elmnts Phosphoru... | 80.5 | 80.2 | 11.4 | 9.0 | 2.4 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31026000 | Double Slt/Mxtr Of Calcm Nitrte/Amonm Ntrt | 68.8 | 68.6 | 40.8 | 39.0 | 1.6 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31059010 | Minrl Or Chmcl Fertlsrs Contng The Two Fertlsng Elmnts Nitrogen ... | 51.3 | 51.2 | 11.3 | 18.0 | -5.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31043000 | Potassium Sulphate | 39.5 | 38.6 | -25.3 | -25.0 | -0.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31055100 | Mnrl/Chmcl Fertlsrs Contng Nitrts/Phosphts | 26.8 | 26.7 | 3084.5 | 9672.0 | -67.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31049000 | Other Minerls Of Chemcl Frtlisrs Potssic | 23.6 | 23.1 | 13.2 | 16.0 | -2.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31059090 | Other Fertilisers N.E.S. | 30.9 | 22.2 | 24.4 | 22.0 | 1.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31031900 | Other Superphosphates | 88.8 | 16.9 | 858.1 | 634.0 | 30.5 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31029090 | Other Calcium Nitrate And Magnesium Nitrate | 7.9 | 7.4 | 24.1 | -4.0 | 29.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 31010099 | Other Anml/Vgtbl Frtlsrs,W/N Mixed Togeth.Chmcly Trtd;Fertilisers P... | 30.6 | 4.5 | -31.0 | -15.0 | -18.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Chapter 38 — Miscellaneous Chemical Products
77 qualifying codes $5.32B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 38249900 | Others-Of-Others-Of-Prpd Bndrs Fr Foundry Moulds/Cores,Chmclprdcts ... | 1379.2 | 1029.6 | 18.0 | 9.0 | 8.0 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38221990 | Others-Of-Others-Of-Diag./Lab Reagnt On A Bckng,Prprd Diag./Lab Rea... | 732.9 | 666.9 | 16.3 | -24.0 | 52.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38170011 | Linear Alkylbenzene (Sodium Dodecylbenzene Su... | 454.0 | 454.0 | 7.7 | 8.0 | 0.1 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38180010 | Undiffused Silicon Wafers | 388.5 | 387.9 | 148.2 | 152.0 | -1.6 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38151900 | Other Supported Catalysts | 261.8 | 252.3 | 39.4 | -24.0 | 83.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38237020 | Lauryl Alc0H0L | 246.1 | 246.1 | 30.4 | -9.0 | 43.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38151290 | Others-Of-Supprtd Catalysts Wth Prcus Mtl/Its Cmpnds | 231.0 | 225.1 | 34.9 | 70.0 | -20.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38231900 | Other Industrial Monocarboxylic Fatty Acid | 548.9 | 210.1 | -16.8 | -24.0 | 9.5 | Scissors Effect | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 38229090 | Others-Of-Others-Of-Diag./Lab Reagnt On A Bckng,Prprd Diag./Lab Rea... | 286.1 | 197.8 | 14.6 | 11.0 | 3.7 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38159000 | Other Reaction Initiators Etc | 290.2 | 186.8 | 23.3 | 30.0 | -4.9 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38112100 | Addtvs Fr Lbrctng Oils Contng Oils Obtnd From Petroleum And ... | 325.7 | 151.6 | 7.4 | 12.0 | -4.5 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38051020 | Gum Turpentine Oil | 150.7 | 150.0 | 22.1 | -7.0 | 30.9 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 38210000 | Prpd Cultr Media Fr Micro-Orgnsms Dvlpmnt | 169.6 | 138.3 | 45.7 | 55.0 | -5.9 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38123990 | Others-Of-Others-Of-Prpd Rubr Acclrtrs-Cmpnd Plstcsrs-N.E.S Antioxd... | 189.5 | 83.6 | 1.0 | -20.0 | 27.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38121000 | Prepared Rubber Accelerators | 93.7 | 70.0 | -2.4 | -1.0 | -1.7 | Inelastic Target | Rubber chemical/latex-linked input — natural rubber deficit compounds the synthetic-chemical gap. |
| 38089280 | Ametrctrdin,Amislbrm,Aureofngn,Azoxystrbn,Benlxyl,Benlxyl M,Boscld,... | 99.1 | 62.8 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38160000 | Refractory Cements-Mortars-Concretes And Similar Composition Inclu... | 138.6 | 62.2 | -10.9 | -9.0 | -1.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38231100 | Stearic Acid | 63.1 | 59.0 | 2.5 | 2.0 | 0.6 | Inelastic Target | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 38089999 | Others-Of-Others-Of-Insctcds,Rdntcds,Fngcds,Hrbcds,Antsproutngprdct... | 136.2 | 58.3 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38101010 | Picling Preparati0N And 0Ther S0Ldering Brazing 0R Welding P0Wder... | 60.4 | 54.0 | 20.5 | 40.0 | -13.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38061010 | Gum Rosin | 49.8 | 49.5 | 6.5 | 8.0 | -1.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38040010 | Lignin Sulphonates | 45.7 | 44.4 | 5.2 | 4.0 | 1.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38051030 | Sulphate Turpentine Oil | 32.2 | 32.2 | -0.4 | -13.0 | 14.1 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 38109090 | Others-Of-Fluxesandothr Axlry Prpn Fr Sldrng,Brazing/ Wldng;Prpn Us... | 37.1 | 29.7 | 16.5 | 6.0 | 9.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38151100 | Supprtd Catalysts Wth Nickel/Nickel Cmpnds | 90.4 | 27.9 | 114.2 | 115.0 | -0.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38231200 | Oleic Acid | 35.6 | 26.6 | 8.4 | 25.0 | -13.5 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 38089142 | Goods Specified In Supplementary Note 2 To This Chapter | 58.2 | 21.4 | 170.5 | 378.0 | -43.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38061090 | Other Rosin And Resin Acids | 21.5 | 21.1 | 18.6 | 17.0 | 1.5 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 38276100 | Containing 15% Or More By Mass Of 1,1,1-Trifluroethane (Hfc-143A) | 22.8 | 21.1 | 108.8 | 80.0 | 15.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38099390 | Othr Fnshng Agnts,Dye Carriersandothr Prpns Used In Leather Industr... | 25.5 | 20.7 | -16.7 | -15.0 | -1.6 | No Signal | Specialty dye/pigment — process-technology & environmental-compliance gap (dye intermediates are pollution-intensive); substitutable with clean-tech investment. |
| 38099190 | Othr Finish Agents Used In Txtile Industry | 67.0 | 19.1 | 8.2 | 6.0 | 2.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38151210 | Pltnm/Paldm Catalyst/A Base Of Actvtd Crbn | 34.1 | 15.1 | -13.4 | 14.0 | -24.3 | No Signal | Catalyst/enzyme/diagnostic reagent — high-IP specialty chemistry; substitution needs licensed tech transfer, not commodity capacity. |
| 38101090 | Others-Of-Picklng Prpns Fr Mtl Srfcs-Sldrng-Brzng Wldng Pwdr And Ps... | 17.6 | 13.2 | 33.5 | -4.0 | 38.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38069090 | Other (Run Gums, Rosin Spirits Etc) Nes | 17.4 | 13.0 | 6.4 | -2.0 | 9.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38241000 | Prpd Binders Fr Foundry Moulds/Cores | 28.9 | 13.0 | 11.5 | 15.0 | -3.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38190090 | Others-Of-Hydraulc Brke Fluids And Othr Liq Fr Hydrlc Trnsmsn W/N C... | 14.3 | 12.8 | 23.8 | -8.0 | 34.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38013000 | Crbnceous Psts Fr Electrds And Furnce Linegs | 28.5 | 12.2 | 91.3 | 127.0 | -15.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38245090 | Other Non-Refractory Mortares And Concretes | 18.1 | 11.7 | 19.4 | 21.0 | -1.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38040090 | Other Residual Lyes | 12.9 | 11.0 | -28.9 | -30.0 | 2.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38089330 | Gibberellic Acid (Ga Acid) | 11.3 | 11.0 | -18.1 | -14.0 | -4.5 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 38229010 | Certified Reference Materials | 22.9 | 9.5 | 10.5 | -73.0 | 315.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38140019 | Others-Of-Organic Compste Slvnts And Thinners N.E.S.Prepared Paint ... | 20.7 | 9.0 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38221300 | For Blood-Grouping(Diagnostic Or Laboratory Reagents , Whether Or N... | 11.3 | 8.3 | 22.0 | 45.0 | -15.7 | Deepening | Catalyst/enzyme/diagnostic reagent — high-IP specialty chemistry; substitution needs licensed tech transfer, not commodity capacity. |
| 38123910 | Anti-Oxidants For Rubber | 26.9 | 7.6 | 2.0 | 27.0 | -19.8 | No Signal | Rubber chemical/latex-linked input — natural rubber deficit compounds the synthetic-chemical gap. |
| 38200000 | Anti-Frzing Prpns And Prpd De-Icing Fluids | 13.8 | 7.5 | 34.6 | 19.0 | 13.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38123930 | Vulcanizing Agents For Rubber | 7.4 | 7.1 | 2.5 | 10.0 | -6.7 | No Signal | Rubber chemical/latex-linked input — natural rubber deficit compounds the synthetic-chemical gap. |
| 38170019 | Others Mixed Alkylbenzene | 10.6 | 6.9 | -16.9 | -12.0 | -5.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38109010 | Preparations Of A Kind Used As Cores Or Coatings For Welding Elec... | 7.0 | 6.5 | 32.5 | 17.0 | 13.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38276800 | Other,Not Included In The Sub-Headings Above,Containing Substances ... | 5.8 | 5.8 | 237.6 | 294.0 | -14.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38244090 | Others-Of-Prpd Adtvs For Cements-Mortars/Concretes | 45.2 | 5.0 | 3.1 | -9.0 | 13.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38099200 | Prpns Of A Kind Used In The Paper Industry | 15.2 | 4.6 | -18.9 | 0.0 | -19.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38243000 | Non-Agglomerated Metal Carbides Mixed Together Or With Metallic... | 41.4 | 4.5 | 34.7 | -97.0 | 5225.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38029011 | Activated Alumina | 5.0 | 4.4 | 75.0 | 55.0 | 12.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38063000 | Ester Gums | 7.1 | 4.4 | -7.6 | -13.0 | 6.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38012000 | Colloidal/Semi-Colloidal Graphite | 4.3 | 4.3 | 12.8 | 14.0 | -1.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38122010 | Phthalate Plasticisers | 4.0 | 3.9 | -5.0 | -5.0 | -0.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38140029 | Others-Of-Organic Compste Slvnts And Thinners N.E.S.Prepared Paint ... | 6.2 | 3.9 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38089372 | Goods Specified In Supplementary Note 10 To This Chapter | 3.8 | 3.8 | 106.5 | 108.0 | -0.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38180090 | 0Thers | 4.0 | 3.8 | -11.7 | 20.0 | -26.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38062000 | Salts Of Rosin Or Of Resin Acids Or Of Drvtvs Of Rosin/Resn Acid... | 3.8 | 3.7 | -27.1 | -37.0 | 15.3 | Scissors Effect | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 38089111 | Aluminium Phosphate (E.G. Phostoxin) | 5.8 | 3.5 | -38.3 | -41.0 | 3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38170020 | Mixed Alkyl Naphthalenes | 3.5 | 3.5 | 89.8 | 86.0 | 2.2 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38099170 | Textile Assistants Water Proofing Agents | 3.5 | 3.4 | 10.4 | 4.0 | 6.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38089349 | Others-Of-Herbicides, Anti-Sprouting Products And Plant-Growth Regu... | 26.8 | 3.2 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38123920 | Softeners For Rubber | 3.2 | 2.7 | -29.6 | -33.0 | 5.5 | Scissors Effect | Rubber chemical/latex-linked input — natural rubber deficit compounds the synthetic-chemical gap. |
| 38089991 | Containing Bromomethane(Methyl Bromide)/Bromochloromethane | 2.6 | 1.9 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38089341 | Alphanaphthyl Acetic Acid,Chlormequat Chloride,Ethephon,Mepiquat Ch... | 2.9 | 1.8 | — | — | — | No Qty Match / Flagged | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 38030000 | Tall Oil Whether Or Not Refined | 1.6 | 1.5 | 14.9 | 25.0 | -8.1 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 38089992 | Pesticides, Not Elsewhere Specified Or Included | 9.7 | 1.4 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38246090 | Others-Of-Sorbitol Othr Thn That Of Subhdg No.290544 | 1.6 | 1.3 | 3.8 | -8.0 | 12.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38089342 | 1-Mthl Cyclprpne;6-Bnzyladnin;Cyclnlde;Forchlrofnron;Paclobtrzl;Prh... | 1.2 | 1.2 | — | — | — | No Qty Match / Flagged | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38221200 | For Zika And Other Diseases Transmitted By Mosquitoes Of The Genus ... | 1.6 | 1.2 | -43.9 | -57.0 | 29.3 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38070030 | Vgtbl Ptch Of All Knds-Brwrs Ptch And Smlr Cmpnds Bsd On Rosn/Vgtb... | 1.1 | 1.1 | 1471.4 | 7314.0 | -78.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38249200 | Polyglycol Esters Of Methylphosphonic Acid | 1.0 | 1.0 | -54.6 | -29.0 | -35.8 | No Signal | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 38246010 | Sorbitol In Aqueous Solution | 2.5 | 0.8 | 16.7 | -8.0 | 27.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38249100 | Mixtures And Preparations Consisting Mainly Of Methyl Methyl Methyl... | 2.0 | 0.7 | -44.9 | -40.0 | -8.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 38089230 | Thiram (Tetramethyl Thiram Disulphide) | 1.2 | 0.6 | -46.5 | -50.0 | 6.9 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Chapter 32 — Dyes, Pigments, Tanning & Colouring Extracts
59 qualifying codes $1.90B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 32061110 | Pearslnt Pigmnt (Titanium Dioxde Cotd Micanneous And Lustre Prl... | 462.6 | 458.1 | -24.9 | -16.0 | -11.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32061190 | Pearlsnt Pigmnt Cotd Wth Othr Prl Pigmnt | 463.0 | 441.5 | -18.0 | -10.0 | -9.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32141000 | Glaziers Putty, Grftng Putty Resin Cemnts,Caulkng Cmpds And Othr Ma... | 144.2 | 124.1 | 12.5 | 29.0 | -12.5 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 32089090 | Othr Paint Varnsh(Incl Enml And Lacqr) Bsd On Syntic Plymr/Chmly M... | 145.5 | 106.8 | 9.6 | 3.0 | 6.9 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32071090 | Other Preprd Pigmnt Opacifier Colrs, Similar Preparations. | 76.6 | 66.6 | -11.1 | -34.0 | 34.3 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32159090 | Other Ink Nes | 71.9 | 66.6 | 4.5 | 11.0 | -5.5 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32071040 | Prepared Opacifiers,Prepared Colours And Similar Preparations. | 54.5 | 51.6 | 8.1 | -5.0 | 14.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32019010 | Gambier Extracts | 48.9 | 48.3 | -8.1 | -1.0 | -7.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32082090 | Othr Paint Vrnsh Bsd On Acrylc/Vnyl Plymr | 55.7 | 42.8 | 8.2 | 8.0 | 0.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32149090 | Others-Of-Glaziers And Grafting Puty,Resin Elemntsnon Rfrctry Srfcn... | 50.4 | 42.6 | 19.8 | 40.0 | -14.4 | Deepening | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 32151190 | Other Black Printing Ink | 57.8 | 40.9 | 17.9 | 15.0 | 2.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32099090 | Othr Paint Varnshs (Incl Enml And Laqurs) Bsd On Othr Synthtic Po... | 46.5 | 40.8 | 25.4 | 14.0 | 10.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32121000 | Stampng Foils | 44.5 | 39.2 | -7.1 | 4.0 | -11.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041551 | Vat Blue 1(Synthetic Indigo) | 38.7 | 38.2 | 10.0 | 3.0 | 7.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32074000 | Glas Frit And Othr Glas In Pwdr Granul/Flks | 37.4 | 28.0 | 26.7 | 24.0 | 1.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32091090 | Othr Paints Bsd On Acrylc/Vnyl Polymr | 32.8 | 27.8 | 12.3 | 11.0 | 1.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32089019 | Other Paintandvarnsh Based On Cellulose Or Oyher Cellulose Deri... | 27.6 | 24.6 | -15.9 | -17.0 | 0.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32012000 | Wattle Extract | 20.4 | 19.3 | 5.9 | 4.0 | 1.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041559 | Other Vat Blue | 20.4 | 18.0 | -5.5 | -14.0 | 9.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32100090 | Othr Paint Varnsh Incl Enml Laqursanddstmpr Prprd Watr Pgmnt For Fi... | 18.0 | 17.5 | 12.8 | -11.0 | 26.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32082010 | Enamels Based On Acrylic Or Vinyl Polymers | 18.3 | 17.3 | 4.2 | 27.0 | -18.1 | No Signal | Basic organic intermediate — aromatics/methanol value chain; substitutable with refinery-integrated petrochemical capacity. |
| 32064990 | Other Preparations | 75.2 | 14.9 | 1.2 | 14.0 | -11.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32042090 | 0Ther Flu0Rescent/Brightening Agents | 12.7 | 10.3 | -7.5 | 35.0 | -31.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32065000 | Inorgnc Prdct A Kind Usd As Luminophors | 8.9 | 8.6 | 32.1 | 166.0 | -50.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32151940 | Other Screen Printing Ink | 11.7 | 8.5 | 17.5 | 5.0 | 11.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32151990 | Othr Prtng Ink And Printrs Colrs | 112.1 | 6.8 | 0.8 | 8.0 | -6.9 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32073000 | Liqd Lustrs And Simlr Prptns | 7.5 | 6.5 | 54.4 | -43.0 | 168.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32081090 | Others Based On Polyesters | 37.3 | 6.1 | 21.6 | 17.0 | 4.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041954 | Azoic Violets | 6.1 | 6.0 | -7.8 | -8.0 | 0.1 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32129030 | Aluminium Paste | 17.1 | 5.4 | 18.4 | 10.0 | 7.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32099020 | Emulsion Paints Nes | 5.5 | 4.8 | 18.4 | 8.0 | 9.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32081030 | Varnishes Based On Polyesters | 4.8 | 4.1 | 7.7 | 31.0 | -17.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32151140 | Black Screen Printing Ink | 4.1 | 3.6 | 29.9 | 22.0 | 6.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32149010 | Non-Refractory Surfacing Preparation For Facades,Etc. | 4.7 | 3.5 | 37.9 | 46.0 | -5.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041969 | Other Sulphurs | 3.4 | 3.4 | -2.8 | -16.0 | 15.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041964 | Sulphur Blues | 3.3 | 3.1 | -17.2 | -14.0 | -3.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32072020 | Engobs(Slip) And Simlr Prptns | 5.0 | 2.7 | 9.0 | -57.0 | 155.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041214 | Acid Violets(Azo) | 4.5 | 2.6 | 91.9 | 77.0 | 8.3 | Deepening | Industrial acid — commodity intermediate; substitutable via capacity addition, often import-parity priced so investment case is thin unless anti-dumping applies. |
| 32089041 | Insulating Varnish | 5.2 | 2.6 | -8.5 | -7.0 | -1.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32071010 | Prepard Organic Dyestuff Pigments Dry | 2.6 | 2.5 | 22.2 | 93.0 | -36.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32081020 | Lacquers Based On Polyesters | 6.4 | 2.5 | -27.1 | -29.0 | 3.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041921 | Azoic Couplng Compnt 14(Napthol Asph) | 2.4 | 2.4 | 4.3 | 14.0 | -8.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32064940 | Bronze Powder | 2.5 | 2.3 | -18.0 | -15.0 | -3.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32082020 | Lacquers Based On Acrylic Or Vinyl Polymer | 3.2 | 2.3 | -11.0 | -11.0 | -0.3 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 32099010 | Disperson Paints | 2.3 | 2.1 | -22.8 | 44.0 | -46.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32064200 | Lithophone And Othr Pigmnts And Preparationsbasd On Zin... | 2.1 | 2.0 | 50.7 | 31.0 | 14.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32019090 | Other Derivatives | 5.5 | 1.9 | -22.4 | -18.0 | -5.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041800 | Carotenoid Colouring Matters And Preparation Based Thereon | 1.8 | 1.7 | -43.5 | -14.0 | -34.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041955 | Azoic Blues | 1.6 | 1.6 | -3.6 | -11.0 | 7.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041967 | Sulphur Blacks | 5.3 | 1.6 | 23.7 | 37.0 | -9.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32011000 | Quebracho Extract | 2.1 | 1.3 | -35.4 | -37.0 | 2.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041911 | Azoic Couplng Compnt 2(Napthol As) | 1.5 | 1.3 | 5.0 | -6.0 | 11.3 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041979 | Other Solvent Based Colouring Matters | 3.5 | 1.3 | 7.0 | 4.0 | 3.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32089049 | Other Varnishes | 2.3 | 1.3 | 15.4 | 21.0 | -4.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32071030 | Prepard Inorganic Pigments | 3.0 | 1.2 | 44.0 | 80.0 | -20.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32089030 | Othr Paints Varnshs (Lacquers) | 1.7 | 1.2 | -28.1 | -22.0 | -7.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32041941 | Azoic Diazo Compnt 12 (Fst Scrlt G Bse | 1.1 | 1.1 | 17.5 | 22.0 | -3.7 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32029090 | Othr Inorganic Tanning Substances N.E.S. | 2.2 | 1.0 | 36.8 | 20.0 | 13.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 32064910 | Red Oxide | 1.9 | 0.8 | 1627.3 | 3702.0 | -54.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Chapter 34 — Soaps, Waxes, Polishes & Surface-Active Agents
24 qualifying codes $0.86B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 34039900 | Other Lubrictng Preparations | 220.7 | 182.7 | 7.8 | 10.0 | -1.6 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34012000 | Soap In Other Forms | 104.0 | 97.1 | -17.7 | -20.0 | 3.5 | No Signal | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
| 34031900 | Othr Prpns Cntng Ptrlm Oils/Oils Obtained From Bituminous ... | 112.8 | 89.8 | 4.4 | -18.0 | 27.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34029099 | Other (Other Preparations) Nes | 151.0 | 88.4 | 12.6 | 4.0 | 7.8 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34039100 | Othr Prpns Fr The Trtmnt Of Txtle Matrls Leather Furskins Or Other... | 77.6 | 74.6 | 6.1 | 1.0 | 4.6 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34042000 | Artfcl Waxes Polyethylene Glycol | 83.0 | 65.4 | -11.9 | -11.0 | -0.8 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 34031100 | Prpns For The Trtmnt Of Txtl Matrls Leather Furskins/Other Ma... | 56.4 | 53.1 | 13.1 | 11.0 | 1.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34049090 | Other Artfcl Waxes And Prepd Waxes Nes. | 79.8 | 49.8 | -6.9 | 1.0 | -7.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34011920 | Flakes Chips And Powder | 44.8 | 44.8 | -68.3 | -71.0 | 8.5 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34029019 | Other (Synthetic Detergents) | 40.9 | 31.8 | -4.0 | 4.0 | -7.8 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34049020 | Polyethylene Wax | 57.8 | 17.1 | -4.9 | 1.0 | -5.7 | No Signal | Base petrochemical/polymer — cracker capacity gap; substitutable via new naphtha/gas cracker + downstream polymer trains (PLI/PCPIR candidate). |
| 34059090 | Other Polishes And Creams | 18.6 | 16.5 | 15.2 | 13.0 | 1.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34024100 | Cationic (Other Organic Surface Active Agents, W/N Put Up For Retai... | 17.6 | 11.0 | -12.8 | -15.0 | 3.0 | No Signal | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
| 34013090 | Other Organic Surface-Active Product Nes | 22.2 | 6.6 | 50.0 | 33.0 | 12.7 | Deepening | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
| 34053000 | Polishes And Smlr Prpns Fr Coachwrk Except Mtl Polishes | 7.1 | 6.2 | 15.1 | 16.0 | -0.9 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34029051 | Washing And Cleaning Preparations Having Basis Of Soap/Other Organ... | 6.5 | 5.8 | 8.2 | -9.0 | 19.1 | No Signal | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
| 34070090 | Othr Modeling Pastesandothr Prpns In Diferntform Used In Den... | 8.4 | 4.8 | 2.4 | 217.0 | -67.7 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34049039 | Other Artificial Waxes,Prepared Waxes Not Emulsified Or Containing ... | 4.4 | 4.2 | -29.4 | -46.0 | 31.7 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34029059 | Other (Washing Preparations) | 3.7 | 3.3 | -36.0 | 3.0 | -37.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34049010 | Sealing Wax (Incl Bottle Sealing Wax) In Sticks Cakes Or Simila... | 2.4 | 2.2 | 32.4 | 45.0 | -8.6 | Deepening | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
| 34070010 | Modelling Pastes, Including Those Put Up For Children S Amusement | 3.1 | 1.9 | 71.3 | 63.0 | 4.8 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34051000 | Polishes Crms And Smlr Prpns Fr Ftwear/Lthr | 4.5 | 1.6 | 1.1 | 1.0 | 0.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34029049 | Other (Wetting Agents) | 3.6 | 1.4 | -17.5 | -25.0 | 10.6 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 34029012 | Cleaning Or Degreasing Prepn Not Having Basis Of Soap/Other Organ... | 3.3 | 0.8 | 2.5 | -14.0 | 18.6 | No Signal | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
Chapter 33 — Essential Oils, Cosmetics & Perfumery
28 qualifying codes $0.49B deficit
| HS-8 | Commodity | FY26 Imp $M | Deficit $M | Value Gr % | Volume Gr % | Price Gr % | Signal | Rationale (rule-based) |
|---|---|---|---|---|---|---|---|---|
| 33049990 | Others-Of-Othr Beauty/Make Up Prpns Nes | 254.5 | 98.5 | 5.4 | 12.0 | -6.2 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33012934 | Patchouli Oil | 77.8 | 76.9 | 12.4 | 73.0 | -35.1 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33041000 | Lip Make Up Preparations | 71.3 | 64.9 | 16.5 | -7.0 | 25.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33030010 | Eau-De-Cologne | 63.7 | 44.7 | 38.1 | 18.0 | 17.1 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33021090 | *Other Mxtr Of Odorfrs Sbstns Of A Kind Usdkind Usd In Food/Drin... | 113.3 | 40.5 | -7.7 | -36.0 | 44.2 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33042000 | Eye Make Up Preparations | 37.7 | 34.1 | 9.3 | -9.0 | 20.0 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33059090 | Othr Prpns For Use On Hair N.E.S. | 55.8 | 29.3 | 2.7 | 32.0 | -21.9 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33011200 | Essential Oils Of Orange | 24.0 | 21.2 | -18.0 | -15.0 | -3.5 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33012921 | Clove Leaf/Stem Oil | 20.9 | 18.8 | 9.9 | 3.0 | 7.2 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33049190 | Other Powders Whether Or Not Compressed | 23.3 | 18.5 | -21.1 | -47.0 | 50.2 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33049110 | Powder Face | 8.8 | 6.9 | 56.9 | 42.0 | 10.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33012937 | Sandal Wood Oil | 7.5 | 5.3 | -51.0 | -46.0 | -10.0 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33011300 | Essential Oils Of Lemon | 5.5 | 5.0 | 47.3 | 44.0 | 2.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33061010 | Tooth Powder | 5.3 | 4.7 | -15.6 | -23.0 | 9.0 | Scissors Effect | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33019060 | Aqueous Distillates Of Essential Oils, Nes | 2.8 | 2.8 | 160.6 | 46.0 | 78.6 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33052000 | Prpns For Permnt Waving Or Straightening | 2.7 | 2.7 | 19.1 | 27.0 | -6.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33012924 | Eucalyptus Oil | 6.8 | 2.5 | -15.1 | -11.0 | -4.6 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33019079 | Other Aqueous Solutions Os Essential Oils | 2.5 | 2.3 | -6.7 | 24.0 | -24.4 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33049920 | Nail Polish /Lacquers | 3.7 | 2.2 | 53.9 | 37.0 | 12.1 | Deepening | Surfactant/specialty formulation — oleochemical feedstock or IP-licensed formulation; moderate substitution potential via oleochemical integration. |
| 33053000 | Hair Lacquers | 2.1 | 2.0 | 19.0 | 31.0 | -9.4 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33019059 | Other Terpenic By-Product | 2.3 | 1.8 | 78.9 | 7.0 | 67.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33049950 | Turmeric Preparations | 2.1 | 1.7 | 115.3 | 151.0 | -14.3 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33013099 | Other Resinoids N.E.S. | 2.5 | 1.6 | -1.9 | 35.0 | -27.6 | No Signal | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33069000 | Othr Prpns Oral/Dental Hygne | 3.2 | 1.4 | 105.7 | 174.0 | -25.0 | Deepening | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
| 33012916 | Cedarwood Oil | 2.1 | 1.3 | 69.8 | 79.0 | -5.0 | Deepening | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33012918 | Cinnamon Leaf Oil | 1.6 | 1.2 | 4.6 | -8.0 | 13.6 | No Signal | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33012949 | Turmeric Oil | 2.8 | 1.2 | 31.6 | 55.0 | -14.9 | Deepening | Essential oil/fragrance compound — agro-botanical or specialty-synthesis input; partly substitutable via natural-farming linkages (lavender/lemongrass missions). |
| 33029090 | Other Mixtrs Of Odorifrs Substns N.E.S. | 87.9 | 0.8 | 17.7 | 12.0 | 5.3 | Inelastic Target | Chemical intermediate/speciality — deficit driven by feedstock, scale-economics or technology gap; needs case-by-case investment screening. |
Source: DGCI&S TradeStat commodity-wise Import Value & Import Quantity files, FY2024-25/FY2025-26 (report generated 30 Jul 2026). Signal framework: value/volume/price growth screen for Scissors Effect, Inelastic Target, and Deepening-Dependency patterns. Cross-checked against public reporting 2 Aug 2026 (India Seatrade News, Outlook Business, PolymerUpdate, CommoPlast, Coherent Market Insights) — see corrections above. Companion pieces: Top 15 Chemicals for Import Substitution, Executive Summary, Quarterly Tracking Dashboard. Research synthesis — not investment advice.
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