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ANALYSIS OF INDIA’S PLASTICS EXPORT JANUARY 2018

THE PLASTICS EXPORT PROMOTION COUNCIL (Sponsored by Department of Commerce, Govt. of India) Crystal Tower, Ground Floor Gundivali Road No. 3, Off Sir M. V. Road Andheri East, Mumbai Maharashtra 400 069, INDIA Tel: +91-22-26833951 E-mail: office@plexconcil.org

Disclaimer: This report has been prepared on the basis of principal commodity level data sourced from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) website on March 5, 2018


TREND IN OVERALL EXPORTS India reported merchandise exports worth USD 24.96 billion in January 2018, up 11.9% from USD 22.30 billion in January 2017. Cumulative value of merchandise exports during April 17 – January 18 was USD 248.24 billion as against USD 221.79 billion during the same period last year, reflecting a growth of 11.9%. Exhibit 1: Trend in overall exports by India 20.9 22.4 22.7 21.7 21.6 22.8 23.4 20.1 24.0 22.3

24.6 24.0 23.6 22.5 23.8

2016-17 Apr

May

28.6

23.1 25.9

27.1 25.0

2017-18 Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

(USD billion)

Source: DGCI&S

TREND IN PLASTICS EXPORT Export of plastics from India remained steady. During January 2018, India exported plastics worth USD 673.74 million, up 29.7% from USD 519.33 million in January 2017. Cumulative value of plastics export during April 17 – January 18 was USD 6,133.38 million as against USD 5,290.80 million during the same period last year, registering a growth of 15.9%. Exhibit 2: Trend in plastics export by India 606 519 511 537 530 543 528 538 497 482

672 690 674 576 551 548 582 601 631 609

2016-17 Apr

May

2017-18 Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

(USD million)

Source: DGCI&S

  

Plastics formed 2.70% of India’s overall merchandise exports in January 2018 India exported plastics to 183 countries in January 2018 China, United States and Italy were the top three buyers of plastics from India in January 2018


PLASTICS EXPORT, BY PANEL In January 2018, most of the plastics product panels recorded positive growth. Products grouped under – plastic raw materials witnessed year-on-year growth of 49.9%; followed by plastic sheet, film, plates etc (28.4%); optical items (+26.0%); other plastic items (+20.2%); packaging materials (+15.9%); moulded & extruded goods (+8.0%); and stationery/office/school supply (+0.1%). Export of products grouped under human hair, products thereof registered a decline of 1.5% in January 2018. Exhibit 3: Panel-wise % growth in plastics export by India Jan-17

Panel

Jan-18

(USD Mn) (USD Mn) 209.32 313.86 80.22 102.97 85.47 92.30 52.79 61.17 30.72 38.70 21.04 25.29 22.53 22.20 17.23 17.25 519.33 673.74 Note: Plastics are segregated under eight panels by DGCI&S Source: DGCI&S Plastic raw materials Plastic sheet, film, plates etc Moulded & extruded goods Packaging materials Optical items (incl. lens etc) Other plastic items Human hair, products thereof Stationery/Office/School Supply

Growth (%) 49.9% 28.4% 8.0% 15.9% 26.0% 20.2% -1.5% 0.1% 29.7%

Apr 16Jan 17 (USD Mn) 2,025.39 842.47 841.03 545.02 315.24 283.05 245.28 193.31 5,290.80

Apr 17Jan 18 (USD Mn) 2,561.21 1,017.66 885.13 606.60 386.00 271.57 221.35 183.86 6,133.38

Growth (%) 26.5% 20.8% 5.2% 11.3% 22.4% -4.1% -9.8% -4.9% 15.9%

PLASTICS EXPORT, BY REGION India’s plastics export in January 2018 were boosted by higher exports to all regions, especially Latin America & Caribbean (up 48.5% year-on-year), North-East Asia (+47.9%), European Union (+41.6%), and ASEAN + 2 (+35.1%). Exhibit 4: Region-wise trend in plastics export by India Region European Union (EU) Middle East North-East Asia North America Africa South Asia ASEAN + 2 Latin America & Caribbean (LAC) CIS Others Source: DGCI&S

Jan-17

Jan-18

Growth

(USD Mn) 101.09 88.35 67.48 71.18 64.46 55.44 38.27 25.87 4.98 2.19 519.33

(USD Mn) 143.15 107.47 99.78 83.69 71.45 68.63 51.69 38.42 6.55 2.90 673.74

(%) 41.6% 21.6% 47.9% 17.6% 10.8% 23.8% 35.1% 48.5% 31.5% 32.5% 29.7%

Apr 16Jan 17 (USD Mn) 1,076.76 957.81 536.20 736.25 668.52 538.55 426.16 265.44 55.80 29.31 5,290.80

Apr 17Jan 18 (USD Mn) 1,360.39 1,054.13 690.24 845.79 726.05 547.69 441.55 379.03 58.78 29.72 6,133.38

Growth (%) 26.3% 10.1% 28.7% 14.9% 8.6% 1.7% 3.6% 42.8% 5.3% 1.4% 15.9%


PLASTICS EXPORT, BY DESTINATION COUNTRY During January 2018, 20 out of the top 25 destination countries recorded year-on-year growth in plastics export from India. Exports to Vietnam and Turkey witnessed high growth rates ranging between 140-167%, during the period. Exhibit 5: Top 25 destinations of plastics exported by India Country

Jan-17

Jan-18

Growth

(USD Mn) (USD Mn) (%) United States 59.22 65.43 10.5% China 57.27 86.89 51.7% United Arab Emirates 25.38 29.00 14.3% Italy 18.53 30.86 66.5% Germany 18.32 24.27 32.5% Bangladesh 20.92 19.24 -8.1% Turkey 12.33 29.62 140.1% United Kingdom 16.42 18.28 11.3% Nepal 16.74 18.09 8.1% Egypt 12.48 8.41 -32.6% Pakistan 8.51 18.77 120.7% Nigeria 8.51 7.00 -17.7% France 10.15 12.83 26.4% Sri Lanka 7.67 9.03 17.7% Vietnam 6.42 17.17 167.5% Indonesia 6.79 7.00 3.2% Belgium 6.56 9.38 43.0% Israel 7.23 10.72 48.4% Saudi Arabia 5.63 5.30 -5.9% Kenya 6.80 5.87 -13.7% Spain 6.81 9.60 41.0% South Africa 6.40 8.31 29.7% Netherlands 6.21 7.76 24.9% Thailand 5.68 5.72 0.7% Poland 5.13 7.78 51.5% Note: Top 25 destinations based on 2016-17 plastic exports by India Source: DGCI&S

Apr 16Jan 17 (USD Mn) 625.42 426.71 297.77 193.86 202.88 192.41 172.68 174.94 144.66 118.50 95.25 88.14 96.12 86.45 87.67 85.14 74.88 76.23 75.70 74.04 69.60 70.18 68.78 62.46 56.91

Apr 17Jan 18 (USD Mn) 700.95 553.49 313.55 283.43 238.72 195.10 257.83 200.56 148.64 118.34 90.29 97.38 108.76 87.52 112.43 64.86 105.28 84.00 80.50 70.34 91.88 82.96 72.62 60.37 80.28

Growth (%) 12.1% 29.7% 5.3% 46.2% 17.7% 1.4% 49.3% 14.6% 2.7% -0.1% -5.2% 10.5% 13.1% 1.2% 28.2% -23.8% 40.6% 10.2% 6.3% -5.0% 32.0% 18.2% 5.6% -3.3% 41.1%

India exported plastics to 183 countries in January 2018 as compared to 175 countries in January 2017. During January 2018, no plastics export were made from India to destination countries including Guadeloupe, St Lucia, Sao Tome, Lesotho, St Vincent and Antigua. Plastics export from India to these countries were valued at USD 0.06 million in January 2017. New destination countries added by India for plastics export during January 2018 included New Caledonia, South Sudan, Guinea Bissau, Armenia, Martinique, Azerbaijan, Netherlands Antilles, Vanuatu Republic, Equatorial Guinea, Marshall Island, Tonga, Macao, Timor-Leste, and Aruba. Plastics export from India to these countries were valued at USD 0.24 million in January 2018.


Exhibit 6: Panels with details of % growth seen in top 5 export destinations during January 2018 over January 2017

China Italy Turkey Bangladesh United Arab Emirates

Jan-17 (USD Mn) 35.24 11.70 8.11 12.23 10.44

Jan-18 (USD Mn) 67.21 17.08 25.94 12.99 11.93

Growth (%) 90.7% 45.9% 219.8% 6.2% 14.3%

Plastic sheet, film, plates etc

United States United Arab Emirates South Africa Nigeria Italy

10.49 4.57 3.03 2.05 3.35

15.76 3.50 4.46 2.23 5.59

50.3% -23.4% 47.4% 8.5% 67.1%

Moulded & extruded goods

United States United Kingdom United Arab Emirates Germany Nigeria

22.39 5.01 4.06 3.45 3.16

22.97 4.94 4.04 4.22 2.21

2.6% -1.5% -0.4% 22.5% -30.1%

Packaging materials

United States United Kingdom United Arab Emirates Netherlands Germany

9.08 4.49 2.86 2.27 1.94

10.10 4.62 3.75 2.74 2.35

11.2% 2.8% 31.1% 20.9% 21.2%

Optical items (incl. lens etc)

France Germany China United States United Kingdom

4.85 3.34 3.98 2.20 1.66

7.49 4.43 0.75 1.20 2.36

54.3% 32.6% -81.2% -45.3% 42.1%

Other plastic items

United States United Arab Emirates Saudi Arabia Turkey Belgium

3.97 1.82 0.85 1.03 0.91

3.76 3.87 0.79 0.52 1.95

-5.3% 112.9% -7.3% -48.9% 114.5%

Human hair, products thereof

China Myanmar United States Tunisia Hong Kong

13.11 2.40 1.08 1.20 0.81

14.38 1.97 0.93 0.47 0.87

9.6% -17.8% -14.3% -60.6% 7.2%

Panel

Country

Plastic raw materials

Stationery/Office/School Supply

United States 3.31 2.08 United Arab Emirates 0.90 0.91 United Kingdom 1.23 1.36 Thailand 1.07 1.18 Germany 0.50 0.77 Note: Top 5 destinations based on India’s 2016-17 exports under the eight plastic product panels Source: DGCI&S

-37.1% 0.8% 11.0% 10.6% 53.6%


ANNEXURE-I Trend in overall exports by India Month April May June July August September October November December January

2016-17 (USD Bn) 20.89 22.40 22.66 21.68 21.60 22.82 23.35 20.06 24.04 22.30 221.79

2017-18 (USD Bn) 24.60 24.03 23.58 22.54 23.85 28.64 23.05 25.92 27.07 24.96 248.24

Growth (%) 17.8% 7.3% 4.1% 4.0% 10.4% 25.5% -1.3% 29.2% 12.6% 11.9% 11.9%

Source: DGCI&S

ANNEXURE-II Trend in plastics export by India Month April May June July August September October November December January

2016-17 (USD Mn) 511.10 536.60 530.43 542.51 527.98 538.01 496.71 482.29 605.84 519.33 5,290.80

2017-18 (USD Mn) 576.31 551.40 547.65 581.63 600.99 630.93 608.92 671.56 690.24 673.74 6,133.38

Growth (%) 12.8% 2.8% 3.3% 7.2% 13.8% 17.3% 22.6% 39.2% 13.9% 29.7% 15.9%

Source: DGCI&S

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Profile for Plexconcil

Analysis of India's Plastics Export - January 2018  

This report has been prepared on the basis of principal commodity level data sourced from the Directorate General of Commercial Intelligence...

Analysis of India's Plastics Export - January 2018  

This report has been prepared on the basis of principal commodity level data sourced from the Directorate General of Commercial Intelligence...

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