Southern Asia: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Southern Asia

The South Asian non-cellular polypropylene film market reduced modestly to $X in 2021, with a decrease of -1.5% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Non-Cellular Polypropylene Film Production in Southern Asia

In value terms, non-cellular polypropylene film production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Non-Cellular Polypropylene Film Exports

Exports in Southern Asia

In 2021, approx. X tons of non-cellular polypropylene films, sheets, foil and strip were exported in Southern Asia; rising by 22% against the previous year. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.1% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 26%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-cellular polypropylene film exports skyrocketed to $X in 2021. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-cellular polypropylene film exports from India stood at +8.6%. At the same time, Pakistan (+21.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +21.5% from 2012-2021. Pakistan (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -1.8% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest non-cellular polypropylene film supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +9.3%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, jumping by 31% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.2%).

Non-Cellular Polypropylene Film Imports

Imports in Southern Asia

For the fifth consecutive year, Southern Asia recorded growth in overseas purchases of non-cellular polypropylene films, sheets, foil and strip, which increased by 67% to X tons in 2021. In general, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film imports surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the key importer of non-cellular polypropylene films, sheets, foil and strip in Southern Asia, with the volume of imports finishing at X tons, which was near 67% of total imports in 2021. It was distantly followed by Bangladesh (X tons) and Sri Lanka (X tons), together creating a 27% share of total imports. Nepal (X tons) took a relatively small share of total imports.

India was also the fastest-growing in terms of the non-cellular polypropylene films, sheets, foil and strip imports, with a CAGR of +23.8% from 2012 to 2021. At the same time, Nepal (+11.9%), Bangladesh (+8.5%) and Sri Lanka (+4.4%) displayed positive paces of growth. While the share of India (+33 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-8.9 p.p.) and Bangladesh (-14 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-cellular polypropylene films, sheets, foil and strip in Southern Asia, comprising 58% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 23% share of total imports. It was followed by Sri Lanka, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to +10.9%. In the other countries, the average annual rates were as follows: Bangladesh (+7.6% per year) and Sri Lanka (+4.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, reducing by -7.2% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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