India - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in India - 2023
Contents:
- Plastic Closure Price in India (FOB) - 2023
- Plastic Closure Price in India (CIF) - 2022
- Plastic Closure Exports in India
- Plastic Closure Imports in India
Plastic Closure Price in India (FOB) - 2023
In July 2023, the average plastic closure export price amounted to $5,175 per ton, with an increase of 2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 5.7% m-o-m. The export price peaked in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($8,554 per ton), while the average price for exports to Angola ($2,642 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Price in India (CIF) - 2022
In 2022, the average plastic closure import price amounted to $7,823 per ton, jumping by 28% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $8,512 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,922 per ton), while the price for Nepal ($2,870 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Exports in India
Plastic closure exports from India amounted to 22K tons in 2022, approximately mirroring the year before. The total export volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, plastic closure exports expanded significantly to $108M in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Plastic Closure in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.2 | 9.2 | 13.3 | 16.8 | 27.0% |
| United Arab Emirates | 14.7 | 11.1 | 14.0 | 15.5 | 1.8% |
| Sri Lanka | 3.1 | 3.2 | 4.5 | 5.1 | 18.1% |
| Nepal | 4.0 | 3.0 | 5.8 | 4.0 | 0.0% |
| Nigeria | 3.0 | 2.5 | 3.3 | 3.9 | 9.1% |
| Indonesia | 2.0 | 2.1 | 3.3 | 3.6 | 21.6% |
| Zimbabwe | 1.7 | 2.5 | 3.3 | 3.3 | 24.7% |
| Saudi Arabia | 1.5 | 1.6 | 2.1 | 3.1 | 27.4% |
| China | 1.9 | 2.7 | 2.5 | 2.7 | 12.4% |
| Bangladesh | 1.6 | 0.7 | 1.8 | 2.2 | 11.2% |
| Qatar | 1.3 | 1.3 | 1.1 | 2.0 | 15.4% |
| Tanzania | 0.6 | 1.0 | 1.3 | 1.9 | 46.8% |
| Kenya | 3.2 | 2.0 | 3.6 | 1.9 | -16.0% |
| Others | 31.9 | 35.3 | 39.8 | 41.6 | 9.3% |
| Total | 78.7 | 78.2 | 99.6 | 108 | 11.1% |
Top Export Markets for Plastic Closure from India in 2022:
- United Arab Emirates (3.1K tons)
- United States (2.2K tons)
- Sri Lanka (1.4K tons)
- Zimbabwe (1.0K tons)
- Nepal (0.9K tons)
- Nigeria (0.8K tons)
- Saudi Arabia (0.6K tons)
- Indonesia (0.6K tons)
- Bangladesh (0.5K tons)
- Tanzania (0.5K tons)
- Qatar (0.5K tons)
- Kenya (0.5K tons)
- China (0.4K tons)
Plastic Closure Imports in India
In 2022, imports of plastic stoppers, caps and closures into India shrank to 9.4K tons, falling by -12.5% on the previous year. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, imports attained the peak of 11K tons, and then declined in the following year.
In value terms, plastic closure imports rose markedly to $73M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plastic Closure in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 13.1 | 17.5 | 22.6 | 13.6% |
| United States | 15.7 | 11.5 | 10.5 | 9.6 | -15.1% |
| Germany | 5.5 | 4.8 | 5.8 | 7.7 | 11.9% |
| France | 4.2 | 5.1 | 4.2 | 5.1 | 6.7% |
| Nepal | 1.9 | 1.2 | 2.4 | 3.3 | 20.2% |
| United Kingdom | 1.5 | 1.4 | 1.6 | 2.7 | 21.6% |
| Taiwan (Chinese) | 0.8 | 0.4 | 1.3 | 2.6 | 48.1% |
| Singapore | 3.4 | 5.0 | 5.0 | 2.2 | -13.5% |
| Spain | 2.4 | 1.2 | 1.9 | 1.8 | -9.1% |
| Malaysia | 1.1 | 0.8 | 1.1 | 1.6 | 13.3% |
| Thailand | 1.6 | 1.1 | 2.1 | 1.6 | 0.0% |
| Netherlands | 0.9 | 1.6 | 1.0 | 1.3 | 13.0% |
| Indonesia | 2.1 | 1.7 | 1.2 | 1.2 | -17.0% |
| Others | 11.6 | 10.1 | 10.1 | 9.9 | -5.1% |
| Total | 68.1 | 59.0 | 65.6 | 73.4 | 2.5% |
Top Suppliers of Plastic Closure to India in 2022:
- China (2187.2 tons)
- Nepal (1147.8 tons)
- United States (942.8 tons)
- France (754.8 tons)
- Germany (709.2 tons)
- Netherlands (363.4 tons)
- United Kingdom (354.8 tons)
- Singapore (315.6 tons)
- Spain (295.1 tons)
- Indonesia (293.0 tons)
- Taiwan (Chinese) (253.0 tons)
- Thailand (247.1 tons)
- Malaysia (238.4 tons)
This report provides an in-depth analysis of the plastic closure 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 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
-
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
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