India: Market for Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Cellular Plates, Sheets, Film, Foil and Strip of Plastics in India

The Indian market for cellular plates, sheets, film, foil and strip of plastics fell slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Cellular Plates, Sheets, Film, Foil and Strip of Plastics in India

In value terms, production of cellular plates, sheets, film, foil and strip of plastics contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from India

In 2022, approx. X tons of cellular plates, sheets, film, foil and strip of plastics were exported from India; surging by X% against 2021 figures. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of cellular plates, sheets, film, foil and strip of plastics skyrocketed to $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of cellular plates, sheets, film, foil and strip of plastics from India, with a X% share of total exports. Moreover, exports of cellular plates, sheets, film, foil and strip of plastics to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Belgium (X% per year).

In value terms, the United States ($X) remains the key foreign market for cellular plates, sheets, film, foil and strip of plastics exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Belgium ($X per ton), while the average price for exports to Nepal ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into India

Imports of cellular plates, sheets, film, foil and strip of plastics into India expanded significantly to X tons in 2022, surging by X% against 2021. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cellular plates, sheets, film, foil and strip of plastics declined to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cellular plates, sheets, film, foil and strip of plastics to India, accounting for a X% share of total imports. Moreover, imports of cellular plates, sheets, film, foil and strip of plastics from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of cellular plates, sheets, film, foil and strip of plastics to India, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average import price for cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform