Southern Asia: Plastic Container Market 2024

Plastic Container Market Size in Southern Asia

The South Asian plastic container market shrank modestly to $X in 2022, waning 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 indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Plastic Container Production in Southern Asia

In value terms, plastic container production dropped modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Plastic Container Exports

Exports in Southern Asia

In 2022, approx. X tons of plastic containers were exported in Southern Asia; surging by X% against the year before. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic container exports surged to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

India dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), mixing up a X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the plastic containers exports, with a CAGR of X% from 2012 to 2022. Bangladesh and Pakistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest plastic container supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, plastic container exports 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: Pakistan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Plastic Container Imports

Imports in Southern Asia

In 2022, the amount of plastic containers imported in Southern Asia shrank modestly to X tons, which is down by X% on the previous year's figure. In general, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic container imports contracted to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

India was the key importer of plastic containers in Southern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Afghanistan (X%). The following importers - Sri Lanka (X tons), Bhutan (X tons), Nepal (X tons) and Pakistan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic container imports into India stood at X%. At the same time, Bhutan (X%), Bangladesh (X%), Afghanistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Nepal experienced a relatively flat trend pattern. By contrast, Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.), Afghanistan (X p.p.) and Bhutan (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal, India and Pakistan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plastic containers in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

In India, plastic container imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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