Southern Asia: Plastic Packaging Market 2024

Plastic Packaging Market Size in Southern Asia

The South Asian plastic packaging market rose to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plastic Packaging Production in Southern Asia

In value terms, plastic packaging production expanded 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; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Plastic Packaging Exports

Exports in Southern Asia

Plastic packaging exports shrank to X tons in 2022, which is down by X% against 2021 figures. Overall, exports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic packaging exports fell modestly to $X in 2022. Total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

India dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. The following exporters - Sri Lanka (X tons) and Bangladesh (X tons) - each amounted to a X% share of total exports.

India was also the fastest-growing in terms of the plastic packaging exports, with a CAGR of X% from 2012 to 2022. Sri Lanka (X%) and Bangladesh (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 ($X) remains the largest plastic packaging supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

In India, plastic packaging exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (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, growing by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price 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, plastic packaging export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Plastic Packaging Imports

Imports in Southern Asia

In 2022, supplies from abroad of plastic packaging increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic packaging imports reached $X in 2022. The total import 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 most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan (X tons) and India (X tons) represented roughly X% of total imports in 2022. Bangladesh (X tons) took the next position in the ranking, distantly followed by Nepal (X tons), Pakistan (X tons) and Sri Lanka (X tons). All these countries together took near X% share of total imports. Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Afghanistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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