Southern Asia: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Southern Asia

In 2021, the South Asian market for plastic plates, sheets, film, foil and strip was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9.9% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Southern Asia

In value terms, production of plastic plates, sheets, film, foil and strip rose significantly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in Southern Asia

For the seventh year in a row, Southern Asia recorded growth in shipments abroad of plastic plates, sheets, film, foil and strip, which increased by 14% to X tons in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% 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 +72.1% against 2013 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 17%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, exports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +98.1% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in strip structure, reaching X tons, which was near 93% of total exports in 2021. It was distantly followed by Pakistan (X tons), mixing up a 6.1% share of total exports.

Exports from India increased at an average annual rate of +6.8% from 2012 to 2021. At the same time, Pakistan (+28.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +28.2% from 2012-2021. From 2012 to 2021, the share of Pakistan increased by +4.9 percentage points.

In value terms, India ($X) remains the largest plastic plate, sheet, film, foil and strip supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.8% share of total exports.

In India, exports of plastic plates, sheets, film, foil and strip increased at an average annual rate of +6.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.5%).

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in Southern Asia

In 2021, the amount of plastic plates, sheets, film, foil and strip imported in Southern Asia soared to X tons, increasing by 33% on the previous year. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) represented the key importer of plastic plates, sheets, film, foil and strip, making up 70% of total imports. Bangladesh (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (5.4%). The following importers - Sri Lanka (X tons) and Nepal (X tons) - each finished at a 7.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to plastic plate, sheet, film, foil and strip imports into India stood at +11.6%. At the same time, Nepal (+12.8%), Bangladesh (+12.4%), Sri Lanka (+4.6%) and Pakistan (+1.4%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +12.8% from 2012-2021. From 2012 to 2021, the share of India and Bangladesh increased by +6.3 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic plates, sheets, film, foil and strip in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total imports. It was followed by Pakistan, with a 4.6% share.

In India, imports of plastic plates, sheets, film, foil and strip expanded at an average annual rate of +14.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+12.9% per year) and Pakistan (+2.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($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 (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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