Nepal: Plastic Bag Market 2025

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