Southern Asia: Plastic Headgear Market 2024

Plastic Headgear Market Size in Southern Asia

In 2022, the South Asian plastic headgear market increased by 213% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a significant expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Plastic Headgear Production in Southern Asia

In value terms, plastic headgear production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by 457% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plastic Headgear Exports

Exports in Southern Asia

Plastic headgear exports dropped sharply to X units in 2022, with a decrease of -46.2% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 87%. The volume of export peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, plastic headgear exports dropped sharply to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 145%. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Bangladesh was the major exporter of headgear of rubber or plastic in Southern Asia, with the volume of exports recording X units, which was near 64% of total exports in 2022. It was distantly followed by India (X units), constituting a 33% share of total exports. Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bangladesh (with a CAGR of +36.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Bangladesh ($X) remains the largest plastic headgear supplier in Southern Asia, comprising 71% of total exports. The second position in the ranking was held by India ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Bangladesh stood at +32.8%. In the other countries, the average annual rates were as follows: India (+4.9% per year) and Pakistan (+7.7% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, rising by 34% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 72%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.5%), while the other leaders experienced mixed trends in the export price figures.

Plastic Headgear Imports

Imports in Southern Asia

In 2022, approx. X units of headgear of rubber or plastic were imported in Southern Asia; rising by 135% against the previous year's figure. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 188%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, plastic headgear imports soared to $X in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, amounting to X units, which was approx. 89% of total imports in 2022. It was distantly followed by Bangladesh (X units), creating a 6% share of total imports. Nepal (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the headgear of rubber or plastic imports, with a CAGR of +25.6% from 2012 to 2022. At the same time, Nepal (+22.6%) displayed positive paces of growth. Bangladesh experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by +38 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported headgear of rubber or plastic in Southern Asia, comprising 88% of total imports. The second position in the ranking was taken by Nepal ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India totaled +31.4%. In the other countries, the average annual rates were as follows: Nepal (+28.4% per year) and Bangladesh (+9.8% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, rising by 52% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic headgear import price increased by +61.4% against 2019 indices. The level of import peaked at $X per unit in 2015; however, from 2016 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 Nepal ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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