India: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in India

The Indian plastic household ware market was estimated at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plastic Household Ware Production in India

In value terms, plastic household ware production expanded to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plastic Household Ware Exports

Exports from India

In 2022, shipments abroad of plastics household articles and toilet articles decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, plastic household ware exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for plastic household ware exports from India, accounting for a X% share of total exports. Moreover, plastic household ware exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastics household articles and toilet articles exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average plastic household ware export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into India

In 2022, supplies from abroad of plastics household articles and toilet articles increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic household ware imports soared to $X in 2022. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household ware supplier to India, with a X% share of total imports. Moreover, plastic household ware imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), sevenfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to India, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Thailand (X% per year).

Import Prices by Country

The average plastic household ware import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Thailand ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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