India: Non-Cellular Polystyrene Film Market 2025

Non-Cellular Polystyrene Film Market Size in India

The Indian non-cellular polystyrene film market shrank slightly to $X in 2022, reducing by -1.6% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Non-Cellular Polystyrene Film Production in India

In value terms, non-cellular polystyrene film production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight increase. The pace of growth appeared the most rapid in 2013 with an increase of 12%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports from India

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip exported from India reduced dramatically to X tons, dropping by -23.2% compared with 2021. Over the period under review, exports, however, saw mild growth. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports reduced sharply to $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 54%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

The United States (X tons), Malaysia (X tons) and Sri Lanka (X tons) were the main destinations of non-cellular polystyrene film exports from India, with a combined 51% share of total exports. The United Arab Emirates, Kenya, Peru, Cote d'Ivoire, Mali, Lebanon, Nepal, Mexico, the Philippines and the UK lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +1,017.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from India, comprising 35% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+28.7% per year) and the United Arab Emirates (+3.6% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, dropping by -4.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Malaysia ($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 Philippines (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into India

In 2022, the amount of non-cellular polystyrene films, sheets, foil and strip imported into India declined to X tons, waning by -9.5% on 2021. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 66% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, non-cellular polystyrene film imports contracted modestly to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-cellular polystyrene film to India, with a 64% share of total imports. Moreover, non-cellular polystyrene film imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.1% per year) and Vietnam (+41.7% per year).

In value terms, China ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to India, comprising 39% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+54.5% per year) and South Korea (+26.5% per year).

Import Prices by Country

In 2022, the average non-cellular polystyrene film import price amounted to $X per ton, growing by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 30%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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