India: Ethylene Polymer Bag Market 2025

Ethylene Polymer Bag Market Size in India

The Indian ethylene polymer bag market was estimated at $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 -1.1% against 2020 indices. Ethylene polymer bag consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Ethylene Polymer Bag Production in India

In value terms, ethylene polymer bag production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Ethylene Polymer Bag Exports

Exports from India

In 2022, approx. X tons of sacks and bags of polymers of ethylene were exported from India; remaining stable against the previous year's figure. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, ethylene polymer bag exports reached $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +9.2% 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 +48.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. The exports peaked 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 ethylene polymer bag exports from India, with a 59% share of total exports. Moreover, ethylene polymer bag exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.8% per year) and the Netherlands (+5.7% per year).

In value terms, the United States ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from India, comprising 55% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by the Netherlands, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.3% per year) and the Netherlands (+2.7% per year).

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, growing by 4.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 14%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the average price for exports to Ireland ($X per ton) and the UK ($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 the UK (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into India

In 2022, after three years of growth, there was significant decline in overseas purchases of sacks and bags of polymers of ethylene, when their volume decreased by -25.6% to X tons. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 115%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ethylene polymer bag imports declined dramatically to $X in 2022. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 200% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest ethylene polymer bag supplier to India, with a 27% share of total imports. Moreover, ethylene polymer bag imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Sri Lanka (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and Sri Lanka (+6.2% per year).

In value terms, the largest ethylene polymer bag suppliers to India were the United States ($X), China ($X) and Ireland ($X), together accounting for 50% of total imports. Germany, the Netherlands, Hong Kong SAR, Sri Lanka, Malaysia, Vietnam, Italy, the UK and the Philippines lagged somewhat behind, together accounting for a further 39%.

The Philippines, with a CAGR of +86.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, shrinking by -8.5% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :