Southern Asia: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Southern Asia

The South Asian non-cellular polystyrene film market declined modestly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Non-Cellular Polystyrene Film Production in Southern Asia

In value terms, non-cellular polystyrene film production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Non-Cellular Polystyrene Film Exports

Exports in Southern Asia

In 2022, approx. X tons of non-cellular polystyrene films, sheets, foil and strip were exported in Southern Asia; which is down by X% against 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports fell remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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, and then shrank remarkably in the following year.

Exports by Country

The shipments of the one major exporters of non-cellular polystyrene films, sheets, foil and strip, namely India, represented more than two-thirds of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of non-cellular polystyrene films, sheets, foil and strip. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-cellular polystyrene film supplier in Southern Asia.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Non-Cellular Polystyrene Film Imports

Imports in Southern Asia

In 2022, approx. X tons of non-cellular polystyrene films, sheets, foil and strip were imported in Southern Asia; which is down by X% compared with the year before. In general, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, non-cellular polystyrene film imports fell to $X in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

India prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%).

India was also the fastest-growing in terms of the non-cellular polystyrene films, sheets, foil and strip imports, with a CAGR of X% from 2012 to 2022. Sri Lanka experienced a relatively flat trend pattern. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported non-cellular polystyrene films, sheets, foil and strip in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports.

In India, non-cellular polystyrene film imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing 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 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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