Southern Asia: Plastic Container Market 2024

Plastic Container Market Size in Southern Asia

The South Asian plastic container market stood at $X in 2021, picking up by 6.7% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Plastic Container Production in Southern Asia

In value terms, plastic container production rose remarkably to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 23%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Plastic Container Exports

Exports in Southern Asia

In 2021, plastic container exports in Southern Asia soared to X tons, growing by 23% compared with the year before. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.7% against 2015 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, plastic container exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +84.3% against 2014 indices. The pace of growth was the most pronounced in 2018 when exports increased by 28%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

India prevails in exports structure, amounting to X tons, which was near 95% of total exports in 2021. Bangladesh (X tons) and Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the plastic containers exports, with a CAGR of +5.1% from 2012 to 2021. Bangladesh (-3.4%) and Pakistan (-14.1%) illustrated a downward trend over the same period. While the share of India (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-2.5 p.p.) and Pakistan (-7.5 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest plastic container supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 4.5% share of total exports.

In India, plastic container exports expanded at an average annual rate of +8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (-3.7% per year) and Pakistan (-12.8% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -5.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Plastic Container Imports

Imports in Southern Asia

In 2021, approx. X tons of plastic containers were imported in Southern Asia; increasing by 11% against the previous year. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, plastic container imports surged to $X in 2021. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importing country with an import of around X tons, which accounted for 58% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 15% share, followed by Sri Lanka (15%). Bhutan (X tons), Nepal (X tons), Pakistan (X tons) and Afghanistan (X tons) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Bhutan (+49.6%), Bangladesh (+31.3%) and Sri Lanka (+24.8%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +49.6% from 2012-2021. By contrast, Nepal (-1.0%), Pakistan (-13.4%) and Afghanistan (-18.8%) illustrated a downward trend over the same period. While the share of Bangladesh (+13 p.p.), Sri Lanka (+12 p.p.) and Bhutan (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nepal (-2 p.p.), Pakistan (-12.3 p.p.) and Afghanistan (-15.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic containers in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 9.2% share of total imports. It was followed by Sri Lanka, with an 8.9% share.

In India, plastic container imports expanded at an average annual rate of +12.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+30.9% per year) and Sri Lanka (+20.7% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 25% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic container import price increased by +74.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 31%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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