Southern Asia: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Southern Asia

In 2021, the South Asian plastic household ware market decreased by -6.8% to $X for the first time since 2011, thus ending a nine-year rising trend. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.8% against 2012 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Plastic Household Ware Production in Southern Asia

In value terms, plastic household ware production contracted to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +105.4% against 2012 indices. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Plastic Household Ware Exports

Exports in Southern Asia

In 2021, shipments abroad of plastics household articles and toilet articles increased by 21% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic household ware exports soared to $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) represented the key exporter of plastics household articles and toilet articles, making up 73% of total exports. Pakistan (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Bangladesh (7.6%). Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plastic household ware exports from India stood at +2.5%. At the same time, Sri Lanka (+27.9%) and Bangladesh (+21.2%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +27.9% from 2012-2021. By contrast, Pakistan (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bangladesh and Sri Lanka increased by +5.9 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest plastic household ware supplier in Southern Asia, comprising 82% of total exports. The second position in the ranking was held by Bangladesh ($X), with an 8.3% share of total exports. It was followed by Pakistan, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +5.2%. In the other countries, the average annual rates were as follows: Bangladesh (+23.7% per year) and Pakistan (-5.8% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The level of export peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Pakistan ($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 (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Plastic Household Ware Imports

Imports in Southern Asia

In 2021, supplies from abroad of plastics household articles and toilet articles increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a noticeable increase. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, plastic household ware imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 34%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of plastics household articles and toilet articles, namely India, Afghanistan and Bangladesh, represented more than two-thirds of total import. Sri Lanka (X tons) held the next position in the ranking, followed by Nepal (X tons). All these countries together took near 16% share of total imports. Maldives (X tons) and Pakistan (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 74% of total imports.

Bangladesh, with a CAGR of +26.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, growing by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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