Nepal: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Nepal

The Nepalese ethylene polymer bag market contracted to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a buoyant increase. Ethylene polymer bag consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Ethylene Polymer Bag Production in Nepal

In value terms, ethylene polymer bag production dropped slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 108% against the previous year. Ethylene polymer bag production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports from Nepal

In 2022, after three years of growth, there was significant decline in shipments abroad of sacks and bags of polymers of ethylene, when their volume decreased by -11.3% to X tons. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 61%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethylene polymer bag exports shrank notably to $X in 2022. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 75%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Australia (X tons) and Canada (X kg) were the main destinations of ethylene polymer bag exports from Nepal, together comprising 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +0.1%), while shipments for the other leaders experienced a decline.

In value terms, India ($X), Australia ($X) and Canada ($X) constituted the largest markets for ethylene polymer bag exported from Nepal worldwide, with a combined 86% share of total exports.

Among the main countries of destination, Australia, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, dropping by -11.5% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene polymer bag export price increased by +63.1% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and the United States ($X per ton), while the average price for exports to Australia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Nepal

In 2022, imports of sacks and bags of polymers of ethylene into Nepal declined significantly to X tons, shrinking by -31.1% compared with 2021. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, ethylene polymer bag imports reduced sharply to $X in 2022. Over the period under review, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2021 when imports increased by 124% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ethylene polymer bag to Nepal, with a 84% share of total imports. Moreover, ethylene polymer bag imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Turkey (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.0% per year) and Turkey (+96.7% per year).

In value terms, India ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Nepal, comprising 84% of total imports. The second position in the ranking was held by China ($X), with an 8.1% share of total imports. It was followed by Turkey, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Turkey (+87.2% per year).

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, picking up by 5.1% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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