India - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSignificant Surge in Export of Plastic Support to $9.5M in October 2023 in India
India Plastic Support Exports
Plastic support exports from India skyrocketed to 2K tons in October 2023, with an increase of 18% compared with the previous month's figure. The total export volume increased at an average monthly rate of +1.3% from October 2022 to October 2023; the trend pattern remained consistent, with only minor fluctuations in certain months. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, plastic support exports rose sharply to $9.5M (IndexBox estimates) in October 2023. The total export value increased at an average monthly rate of +1.5% over the period from October 2022 to October 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain months. The most prominent rate of growth was recorded in March 2023 when exports increased by 17% against the previous month. As a result, the exports attained the peak of $9.6M. From April 2023 to October 2023, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Plastic Support in India (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United Arab Emirates | 1,334 | 1,488 | 1,449 | 1,298 | 1,222 | 1,440 | 1,358 | 1,267 | 1,266 | 1,284 | 1,537 | 1,341 | 1,668 |
| United States | 1,149 | 1,370 | 1,296 | 1,329 | 1,249 | 1,404 | 1,446 | 1,184 | 1,118 | 734 | 1,366 | 1,030 | 1,196 |
| Bangladesh | 135 | 101 | 205 | 369 | 248 | 485 | 184 | 422 | 336 | 314 | 241 | 211 | 486 |
| Sri Lanka | 241 | 465 | 417 | 423 | 470 | 249 | 305 | 277 | 373 | 368 | 372 | 282 | 312 |
| Nigeria | 265 | 335 | 357 | 300 | 163 | 174 | 347 | 249 | 557 | 228 | 208 | 312 | 306 |
| Indonesia | 205 | 421 | 399 | 456 | 314 | 138 | 533 | 293 | 418 | 356 | 462 | 518 | 299 |
| China | 226 | 382 | 412 | 316 | 218 | 201 | 169 | 347 | 208 | 401 | 340 | 290 | 225 |
| Others | 4,453 | 4,436 | 4,611 | 3,774 | 4,265 | 5,474 | 5,151 | 5,322 | 5,237 | 4,750 | 4,777 | 4,375 | 5,048 |
| Total | 8,006 | 8,999 | 9,145 | 8,264 | 8,149 | 9,565 | 9,493 | 9,361 | 9,513 | 8,436 | 9,303 | 8,360 | 9,541 |
Exports by Country
The United Arab Emirates (370 tons) was the main destination for plastic support exports from India, with a 18% share of total exports. Moreover, plastic support exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (125 tons), threefold. The third position in this ranking was held by Bangladesh (99 tons), with a 4.9% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of volume to the United Arab Emirates totaled +3.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-3.6% per month) and Bangladesh (+9.7% per month).
In value terms, the largest markets for plastic support exported from India were the United Arab Emirates ($1.7M), the United States ($1.2M) and Bangladesh ($486K), with a combined 35% share of total exports.
Among the main countries of destination, Bangladesh, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Plastic stoppers, caps and closures (1.8K tons) was the largest type of plastic support exported from India, accounting for a 89% share of total exports. Moreover, plastic stoppers, caps and closures exceeded the volume of the second product type, spools, cops, bobbins and similar supports of plastics (216 tons), eightfold.
From October 2022 to October 2023, the average monthly growth rate of the volume of export of plastic stoppers, caps and closures was relatively modest.
In value terms, plastic stoppers, caps and closures ($8.8M) remains the largest type of plastic support exported from India, comprising 92% of total exports. The second position in the ranking was held by spools, cops, bobbins and similar supports of plastics ($751K), with a 7.9% share of total exports.
From October 2022 to October 2023, the average monthly growth rate of the export volume of plastic stoppers, caps and closures stood at +1.3%.
Export Prices by Country
In October 2023, the plastic support price amounted to $4,733 per ton (FOB, India), dropping by -3.6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 5% month-to-month. The export price peaked at $4,915 per ton in January 2023; however, from February 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was the United States ($9,564 per ton), while the average price for exports to Chile ($2,297 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic support market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221910 - Spools, cops, bobbins and similar supports, of plastics
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
