Report Update Nov 1, 2024

Nepal - Plastic Sacks and Bags - Market Analysis, Forecast, Size, Trends and Insights

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Nepal: Plastic Bag Market 2024

Plastic Bag Market Size in Nepal

The Nepalese plastic bag market shrank to $X in 2022, dropping by -8.6% against the previous year. Over the period under review, consumption continues to indicate a slight contraction. Plastic bag consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Bag Production in Nepal

In value terms, plastic bag production declined to $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plastic Bag Exports

Exports from Nepal

Plastic bag exports from Nepal surged to X tons in 2022, with an increase of 37% compared with 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 149% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports surged to $X in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 307% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for plastic bag exports from Nepal, accounting for a 87% share of total exports. Moreover, plastic bag exports to India exceeded the volume sent to the second major destination, the UK (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to India stood at +33.6%.

In value terms, India ($X) remains the key foreign market for plastic sacks and bags exports from Nepal, comprising 67% of total exports. The second position in the ranking was taken by the UK ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +23.4%.

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 64% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-7.6%).

Plastic Bag Imports

Imports into Nepal

In 2022, the amount of plastic sacks and bags imported into Nepal reduced to X tons, which is down by -9.1% compared with the previous year's figure. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 146%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic bag imports contracted to $X in 2022. Over the period under review, imports recorded a pronounced descent. The growth pace was the most rapid in 2017 when imports increased by 111% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons) and China (X tons) were the main suppliers of plastic bag imports to Nepal.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +5.2%).

In value terms, India ($X) and China ($X) constituted the largest plastic bag suppliers to Nepal.

China, with a CAGR of +6.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average plastic bag import price amounted to $X per ton, increasing by 3.5% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2018 an increase of 66%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%).

Source: IndexBox Platform

This report provides an in-depth analysis of the plastic bag market in Nepal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)

Country coverage:

Nepal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nepal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023