Southern Asia: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in Southern Asia

The South Asian non-cellular polyethylene film market rose markedly to $X in 2021, increasing by 7.1% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Non-Cellular Polyethylene Film Production in Southern Asia

In value terms, non-cellular polyethylene film production expanded remarkably to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Non-Cellular Polyethylene Film Exports

Exports in Southern Asia

Non-cellular polyethylene film exports skyrocketed to X tons in 2021, with an increase of 44% against the year before. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polyethylene film exports surged to $X in 2021. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, reaching X tons, which was near 96% of total exports in 2021. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +21.6% from 2012 to 2021. At the same time, Sri Lanka (+62.3%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +62.3% from 2012-2021. While the share of India (+4.7 p.p.) and Sri Lanka (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest non-cellular polyethylene film supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +18.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 5.5% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of 9.2% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-1.7%).

Non-Cellular Polyethylene Film Imports

Imports in Southern Asia

Non-cellular polyethylene film imports surged to X tons in 2021, rising by 40% on the year before. In general, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polyethylene film imports soared to $X in 2021. Overall, imports saw strong growth. 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) was the key importer of non-cellular polyethylene films, sheets, foil and strip, creating 63% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons), Sri Lanka (X tons) and Nepal (X tons), together making up a 35% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-cellular polyethylene film imports into India stood at +9.9%. At the same time, Nepal (+35.8%), Bangladesh (+24.8%), Sri Lanka (+9.8%) and Pakistan (+7.0%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +35.8% from 2012-2021. Bangladesh (+8 p.p.) and Nepal (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and India saw its share reduced by -4.4% and -7.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-cellular polyethylene films, sheets, foil and strip in Southern Asia, comprising 65% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 13% share of total imports. It was followed by Pakistan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +9.9%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+27.2% per year) and Pakistan (+8.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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 Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :