India: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in India

In 2021, the Indian plastic household ware market decreased by -8.7% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, consumption, however, saw strong growth. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Plastic Household Ware Production in India

In value terms, plastic household ware production fell to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Plastic Household Ware Exports

Exports from India

In 2021, shipments abroad of plastics household articles and toilet articles increased by 18% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic household ware exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the UK (X tons) and Nigeria (X tons) were the main destinations of plastic household ware exports from India, with a combined 36% share of total exports. The United Arab Emirates, Saudi Arabia, Panama, Germany, Sweden, Senegal, China, Qatar, Italy and Ghana lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household ware exported from India were the United States ($X), Nigeria ($X) and the UK ($X), with a combined 40% share of total exports. The United Arab Emirates, Saudi Arabia, Panama, Germany, Senegal, Ghana, China, Sweden, Qatar and Italy lagged somewhat behind, together accounting for a further 28%.

Senegal, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into India

In 2021, overseas purchases of plastics household articles and toilet articles were finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, plastic household ware imports surged to $X in 2021. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 69%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest plastic household ware supplier to India, with a 64% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Bangladesh (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.7% per year) and Bangladesh (+12.7% per year).

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to India, comprising 54% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Bangladesh, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.6% per year) and Bangladesh (+12.9% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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