Page 12 - Plastics News February 2025

AIPMA AT WORK-EXPORT CELL

Analysis of India’s Plastics Export: December 2024

India's plastics export sector plays a significant ber 2024 reached USD 9,324 million, indicating
role in the country's trade landscape. This report a notable increase of 9.4% compared to USD
presents a detailed analysis of the trends in plas- 8,520 million during the same period in 2023.
tic exports for December 2024, comparing them
with the previous year and evaluating the overall Exhibit 1: Trend in plastics export by India
performance from April to December 2024. With PLASTICS EXPORT PERFORMANCE:
insights into key product categories, market dy-
namics, and growth patterns, this report aims to The export performance of various plastic prod-
provide stakeholders with valuable information uct categories showcased diverse trends in De-
on the state of India's plastic exports. cember 2024. Some categories, such as Flex-
ible Intermediate Bulk Containers (FIBC), woven
TREND IN PLASTICS EXPORT India exported sacks, woven fabrics, tarpaulins, plastic films,
plastics worth USD 1,100 million in December and sheets, witnessed substantial growth. Oth-
2024, a slight decrease of 1.3% compared to ers, including consumer and houseware prod-
USD 1,115 million in December 2023. However, ucts, plastic raw materials, and medical items of
cumulative plastic exports from April to Decem-
plastics, experienced a decline.

(USD Million)

Exhibit 2: Details of % change seen in top 50 items of export

HS Code Description Apr 23 - Dec Apr 24 - Dec Growth (%)
23 (USD Mn) 24 (USD Mn)
32049000 Masterbatch & additives 71.92 79.21 7.29%
RAW MATERIALS
39011090 Other polyethylene with a specific gravity of < 75.18 51.98 -30.90%
0.94, in primary forms
39012000 Polyethylene with a specific gravity of >= 0.94, 117.98 111.96 -5.10%
in primary forms
39014010 Linear low-density polyethylene (LLDPE) 87.45 151.27 73.00%

12 PLASTICS NEWS February 2025