India: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in India

In 2022, the Indian market for self-adhesive plastic tape in rolls of a width under 20cm was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; afterwards, it flattened through to 2022.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in India

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 8.9%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from India

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm exported from India dropped slightly to X tons, falling by -4.9% compared with the previous year's figure. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm expanded notably to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 111% against the previous year. Over the period under review, the exports of reached the peak figure 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 self-adhesive plastic tape in rolls of a width under 20cm from India, with a 54% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.5% per year) and Italy (+154.2% per year).

In value terms, the United States ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from India, comprising 55% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.6% share of total exports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.4% per year) and Italy (+142.1% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, picking up by 11% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the average price for exports to Spain ($X per ton) and Germany ($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 United States (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into India

In 2022, imports of self-adhesive plastic tape in rolls of a width under 20cm into India surged to X tons, rising by 67% against 2021 figures. In general, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 52% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to India, accounting for a 79% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.8% per year) and Japan (+10.3% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to India, comprising 53% of total imports. The second position in the ranking was held by Japan ($X), with a 7.5% share of total imports. It was followed by the United States, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.3% per year) and the United States (-1.8% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, shrinking by -14.4% against the previous year. Overall, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of 12%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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