India: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in India

The Indian plastic household articles market was estimated at $X in 2022, with an increase of 2.8% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.2% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Household Articles Production in India

In value terms, plastic household articles production amounted to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 13%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Plastic Household Articles Exports

Exports from India

In 2022, shipments abroad of household articles and toilet articles of plastics increased by 7.8% to X tons, rising for the third consecutive year after four years of decline. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +86.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic household articles exports expanded markedly to $X in 2022. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic household articles exports from India, with a 27% share of total exports. Moreover, plastic household articles exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.5% per year) and the UK (+2.9% per year).

In value terms, the United States ($X) remains the key foreign market for household articles and toilet articles of plastics exports from India, comprising 34% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.3% share of total exports. It was followed by the UK, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.3% per year) and the UK (+10.8% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles export price increased by +64.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into India

In 2022, supplies from abroad of household articles and toilet articles of plastics increased by 18% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 124%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plastic household articles imports surged to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 91%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to India, accounting for a 70% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+13.3% per year) and Thailand (-6.7% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to India, comprising 58% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 7.5% share of total imports. It was followed by Thailand, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+11.8% per year) and Thailand (-3.2% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, rising by 5.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood 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 Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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