Southern Asia: Plastic Supports Market 2024

Plastic Supports Market Size in Southern Asia

The South Asian plastic supports market shrank to $X in 2022, declining by -2.8% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.3% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Supports Production in Southern Asia

In value terms, plastic supports production shrank to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plastic Supports Exports

Exports in Southern Asia

In 2022, shipments abroad of spools, cops, bobbins and similar supports of plastics increased by 18% to X tons, rising for the second year in a row after two years of decline. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic supports exports amounted to $X in 2022. In general, exports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 61%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. 95% of total exports in 2022. Sri Lanka (X tons) took a relatively small share of total exports.

India was also the fastest-growing in terms of the spools, cops, bobbins and similar supports of plastics exports, with a CAGR of +5.9% from 2012 to 2022. At the same time, Sri Lanka (+4.3%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest plastic supports supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +6.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by -13.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.4%).

Plastic Supports Imports

Imports in Southern Asia

In 2022, the amount of spools, cops, bobbins and similar supports of plastics imported in Southern Asia contracted markedly to X tons, with a decrease of -23.8% on the year before. In general, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 43%. The volume of import peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, plastic supports imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons) and Bangladesh (X tons) prevails in imports structure, together achieving 81% of total imports. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together mixing up a 16% share of total imports. Nepal (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +5.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest plastic supports importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), with a combined 92% share of total imports. Sri Lanka and Nepal lagged somewhat behind, together accounting for a further 7.4%.

In terms of the main importing countries, Nepal, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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