Southern Asia: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Southern Asia

The South Asian plastic tableware and kitchenware market declined slightly to $X in 2022, waning by -2.2% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +2.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Tableware And Kitchenware in Southern Asia

In value terms, plastic tableware and kitchenware production dropped to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +3.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastic Tableware And Kitchenware

Exports in Southern Asia

Plastic tableware and kitchenware exports shrank to X tons in 2022, which is down by -9.7% against the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 24%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, plastic tableware and kitchenware exports dropped to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +49.3% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 29%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

India represented the largest exporting country with an export of around X tons, which resulted at 80% of total exports. It was distantly followed by Bangladesh (X tons), comprising a 19% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of plastic tableware and kitchenware. At the same time, Bangladesh (+38.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +38.8% from 2012-2022. From 2012 to 2022, the share of Bangladesh increased by +18 percentage points.

In value terms, India ($X) remains the largest plastic tableware and kitchenware supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 20% share of total exports.

In India, plastic tableware and kitchenware exports expanded at an average annual rate of +3.2% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2021 when the export price increased by 13% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.6%).

Imports of Plastic Tableware And Kitchenware

Imports in Southern Asia

Plastic tableware and kitchenware imports contracted slightly to X tons in 2022, falling by -4.7% on 2021 figures. Overall, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of 100% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic tableware and kitchenware imports amounted to $X in 2022. Over the period under review, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 when imports increased by 98%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) represented the major importer of plastic tableware and kitchenware, mixing up 65% of total imports. Bangladesh (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (7.9%) and Maldives (5.8%). Afghanistan (X tons), Pakistan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic tableware and kitchenware imports into India stood at +4.9%. At the same time, Bangladesh (+10.9%), Maldives (+10.3%) and Nepal (+5.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +10.9% from 2012-2022. By contrast, Pakistan (-3.9%), Afghanistan (-11.4%) and Sri Lanka (-15.6%) illustrated a downward trend over the same period. While the share of India (+14 p.p.), Bangladesh (+5.8 p.p.), Maldives (+3.1 p.p.) and Nepal (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-2.2 p.p.), Sri Lanka (-10.4 p.p.) and Afghanistan (-14.3 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported plastic tableware and kitchenware in Southern Asia, comprising 59% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 14% share of total imports. It was followed by Maldives, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+21.8% per year) and Maldives (+10.2% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by 4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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