India: Plastic Supports Market 2025

Plastic Supports Market Size in India

The Indian plastic supports market shrank slightly to $X in 2022, dropping by -2.2% against the previous year. In general, the total consumption indicated strong growth 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 increased by +1.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Supports Production in India

In value terms, plastic supports production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 18%. Plastic supports production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plastic Supports Exports

Exports from India

In 2022, shipments abroad of spools, cops, bobbins and similar supports of plastics increased by 16% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +77.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, plastic supports exports expanded to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 65%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Bangladesh (X tons) and Malaysia (X tons) were the main destinations of plastic supports exports from India, with a combined 65% share of total exports. Indonesia, Taiwan (Chinese), Thailand, Japan, South Korea, Saudi Arabia, Nepal, the United Arab Emirates, Vietnam and the United States lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +35.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for spools, cops, bobbins and similar supports of plastics exports from India, comprising 30% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Indonesia, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.1% per year) and Indonesia (-7.8% per year).

Export Prices by Country

In 2022, the average plastic supports export price amounted to $X per ton, with a decrease of -12.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Thailand ($X per ton), while the average price for exports to China ($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 Thailand (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Supports Imports

Imports into India

In 2022, the amount of spools, cops, bobbins and similar supports of plastics imported into India stood at X tons, standing approx. at 2021. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by +15.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic supports imports surged to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic supports to India, with a 57% share of total imports. Moreover, plastic supports imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+34.0% per year) and France (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to India, comprising 43% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+28.4% per year) and Malaysia (+28.7% per year).

Import Prices by Country

The average plastic supports import price stood at $X per ton in 2022, growing by 17% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2013 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Netherlands ($X per ton), while the price for Taiwan (Chinese) ($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 Netherlands (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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