Southern Asia: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2025

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Southern Asia

In 2022, the South Asian market for non-cellular plates, sheets, film, foil and strip of plastics increased by 1.1% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Southern Asia

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% 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 2017 with an increase of 21%. Over the period under review, production of reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports in Southern Asia

In 2022, the amount of non-cellular plates, sheets, film, foil and strip of plastics exported in Southern Asia shrank modestly to X tons, falling by -1.8% against 2021 figures. In general, exports, however, recorded perceptible growth. The growth pace was the most rapid in 2018 with an increase of 28%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics stood at $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

The shipments of the one major exporters of non-cellular plates, sheets, film, foil and strip of plastics, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the non-cellular plates, sheets, film, foil and strip of plastics exports, with a CAGR of +4.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-cellular plates, sheets, film, foil and strip of plastics supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +5.0%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by 6.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.1% per year.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports in Southern Asia

In 2022, imports of non-cellular plates, sheets, film, foil and strip of plastics in Southern Asia expanded rapidly to X tons, with an increase of 7.8% on the year before. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics rose markedly to $X in 2022. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the largest importer of non-cellular plates, sheets, film, foil and strip of plastics, constituting 83% of total imports. It was distantly followed by Bangladesh (X tons), comprising an 11% share of total imports. The following importers - Sri Lanka (X tons) and Nepal (X tons) - each recorded a 4.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-cellular plates, sheets, film, foil and strip of plastics imports into India stood at +11.7%. At the same time, Nepal (+16.6%), Bangladesh (+6.1%) and Sri Lanka (+3.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.6% from 2012-2022. From 2012 to 2022, the share of India increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-cellular plates, sheets, film, foil and strip of plastics in Southern Asia, comprising 81% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 11% share of total imports. It was followed by Sri Lanka, with a 3.1% share.

In India, imports of non-cellular plates, sheets, film, foil and strip of plastics expanded at an average annual rate of +10.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+9.0% per year) and Sri Lanka (+3.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by 1.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 11% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform