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ANALYSIS OF INDIA’S PLASTICS EXPORT OCTOBER 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 November 20, 2018


TREND IN OVERALL EXPORTS India reported merchandise exports of USD 27.0 billion in October 2018, up 17.1% from USD 23.1 billion in October 2017. Cumulative value of merchandise exports during April 18 – October 18 was USD 190.2 billion as against USD 170.3 billion during the same period last year, reflecting a growth of 11.7%. Exhibit 1: Trend in overall merchandise exports from India (USD Billion)

23.1

Oct-17

27.0

170.3

Oct-18

Apr 17 - Oct 17

190.2

Apr 18 - Oct 18

Source: DGCI&S

TREND IN PLASTICS EXPORT Export of plastics from India continued to grow at a faster clip than the overall merchandise exports. During October 2018, India exported plastics worth USD 778 million, up 27.8% from USD 609 million in October 2017. Cumulative value of plastics export during April 18 – October 18 was USD 5,368 million as against USD 4,098 million during the same period last year, registering a staggering growth of 27.8%. Exhibit 2: Trend in plastics export by India (USD Million) 778

5,368

609

Oct-17

4,098

Oct-18

Apr 17 - Oct 17

Apr 18 - Oct 18

Source: DGCI&S

  

Plastics formed 2.82% of India’s overall merchandise exports in April 2018 October 2018 India exported plastics to 205 countries in April 2018 – October 2018 China, United States, and United Arab Emirates were the top three buyers of plastics from India in April 2018 – October 2018


PLASTICS EXPORT, BY PANEL In October 2018, products grouped under plastic raw materials witnessed year-on-year growth of 44.4%; followed by other plastic items (+33.5%); packaging materials (+22.3%); stationery/office/school supply (+21.9%); plastic sheet, film, plates etc (+20.4%); and moulded & extruded goods (+13.5%). Export of products grouped under human hair, products thereof; and optical items; registered declines of 7.4% and 9.2% respectively in October 2018. Exhibit 3: Panel-wise % growth in plastics export by India Oct-17

Panel

Oct-18

(USD Mn) (USD Mn) 269.18 388.57 101.69 122.40 81.25 92.22 57.47 70.28 41.54 37.73 21.83 29.14 14.98 18.26 20.98 19.43 608.92 778.02 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 Stationery/Office/School Supply Human hair, products thereof

Growth (%) 44.4% 20.4% 13.5% 22.3% -9.2% 33.5% 21.9% -7.4% 27.8%

Apr 17Oct 17 (USD Mn) 1,642.88 696.81 609.35 411.19 259.53 198.73 129.70 149.67 4,097.84

Apr 18Oct 18 (USD Mn) 2,622.37 854.69 643.36 488.21 276.92 212.36 143.53 126.49 5,367.92

Growth (%) 59.6% 22.7% 5.6% 18.7% 6.7% 6.9% 10.7% -15.5% 31.0%

PLASTICS EXPORT, BY REGION India’s plastics export in October 2018 were boosted by higher exports to North-East Asia (up 63.0% year-on-year), ASEAN + 2 (+62.5%), North America (+32.4%), Africa (+29.0%), Middle East (+24.8%), South Asia (+24.2%), Commonwealth of Independent States (+13.6%), and European Union (+10.1%). 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

Oct-17

Oct-18

Growth

(USD Mn) 141.79 92.49 80.72 77.06 67.60 56.63 38.67 45.07 6.39 2.49 608.92

(USD Mn) 156.16 115.40 131.55 102.00 87.18 70.34 62.84 42.16 7.26 3.14 778.02

(%) 10.1% 24.8% 63.0% 32.4% 29.0% 24.2% 62.5% -6.5% 13.6% 25.8% 27.8%

Apr 17Oct 17 (USD Mn) 939.00 712.61 380.75 589.74 506.54 365.54 290.83 248.72 42.53 21.58 4,097.84

Apr 18Oct 18 (USD Mn) 1,074.66 826.69 790.13 720.46 656.38 492.40 431.57 296.40 53.49 25.75 5,367.92

Growth (%) 14.4% 16.0% 107.5% 22.2% 29.6% 34.7% 48.4% 19.2% 25.8% 19.3% 31.0%


PLASTICS EXPORT, BY DESTINATION COUNTRY During October 2018, 20 out of the top 25 destination countries recorded year-on-year growth in plastics export from India. Exports to Egypt and Canada witnessed high growth rates ranging between 100-180%, during the period. Exhibit 5: Top 25 destinations of plastics exported by India Country

Oct-17

Oct-18

Growth

(USD Mn) (USD Mn) (%) United States 64.00 79.45 24.1% China 68.04 109.81 61.4% United Arab Emirates 29.38 36.34 23.7% Italy 25.12 38.15 51.9% Turkey 25.24 20.53 -18.6% Germany 25.57 24.98 -2.3% Bangladesh 22.08 28.74 30.1% United Kingdom 20.70 23.61 14.1% Nepal 14.68 18.78 27.9% Vietnam 9.10 15.41 69.4% Egypt 6.64 18.01 171.1% France 9.98 16.82 68.6% Belgium 13.10 10.29 -21.5% Pakistan 8.48 8.86 4.5% Nigeria 12.22 11.77 -3.7% Spain 8.42 8.54 1.5% Sri Lanka 8.62 11.43 32.6% Israel 8.14 11.14 36.9% South Africa 8.43 9.37 11.1% Kenya 6.70 8.30 23.8% Saudi Arabia 6.23 6.39 2.6% Poland 8.60 6.58 -23.4% Canada 4.85 10.82 122.9% Netherlands 6.77 7.62 12.5% Mexico 8.21 11.73 42.9% Note: Top 25 destinations based on 2017-18 plastic exports by India Source: DGCI&S

Apr 17Oct 17 (USD Mn) 492.59 296.43 211.38 193.84 172.10 165.15 134.89 139.94 102.78 65.50 86.10 71.47 75.83 52.66 70.20 63.66 59.02 53.74 55.47 46.91 58.21 57.29 50.93 50.20 46.22

Apr 18Oct 18 (USD Mn) 579.61 647.83 259.48 225.78 167.46 187.51 198.23 151.89 130.74 120.99 101.22 108.85 77.09 70.54 94.56 70.79 70.13 75.13 65.79 73.61 52.56 52.38 62.73 55.98 78.13

Growth (%) 17.7% 118.5% 22.8% 16.5% -2.7% 13.5% 47.0% 8.5% 27.2% 84.7% 17.6% 52.3% 1.7% 34.0% 34.7% 11.2% 18.8% 39.8% 18.6% 56.9% -9.7% -8.6% 23.2% 11.5% 69.0%

India exported plastics to 185 countries in October 2018 as compared to 182 countries in October 2017. On a cumulative basis, during April 18 – October 18, India exported plastics to 205 countries as compared to 180 countries in the comparative period of 2017-18. New destination countries added during the above period included Guam, Kiribati Republic, Lesotho, Marshall Island, Mayotte, Monaco, Montserrat, Nauru Republic, and United States Virgin Islands.


Exhibit 6: Panels with details of % growth seen in top 10 export destinations

China Turkey Italy United Arab Emirates Bangladesh United States Vietnam Egypt Pakistan Nepal

Apr 17Oct 17 (USD Mn) 168.54 136.80 131.84 86.39 90.48 71.56 52.82 69.82 47.58 56.46

Apr 18Oct 18 (USD Mn) 533.71 144.13 159.01 123.73 140.74 103.65 106.42 74.37 64.80 80.40

Plastic sheet, film, plates etc

United States Italy South Africa Germany United Arab Emirates United Kingdom Nigeria Bangladesh Nepal China

116.22 29.45 30.64 27.90 27.49 24.20 21.21 21.35 20.11 18.03

131.32 30.86 38.72 43.02 35.28 28.41 41.38 27.71 20.93 20.68

13.0% 4.8% 26.4% 54.2% 28.3% 17.4% 95.1% 29.8% 4.1% 14.7%

Moulded & extruded goods

United States United Kingdom United Arab Emirates Germany Canada Spain Nigeria Brazil Nepal Australia

149.24 34.28 30.74 27.66 19.95 15.59 16.48 13.48 10.64 10.08

145.32 32.95 39.83 31.71 28.39 13.53 11.29 10.72 10.69 11.17

-2.6% -3.9% 29.6% 14.6% 42.3% -13.2% -31.5% -20.4% 0.5% 10.8%

Panel

Country

Plastic raw materials

Packaging materials

United States 77.51 91.99 United Kingdom 34.74 41.35 United Arab Emirates 26.11 24.79 Netherlands 16.45 19.02 Germany 15.38 14.83 Belgium 9.69 13.52 France 8.82 11.91 Spain 9.65 10.63 Nepal 8.07 8.13 Italy 6.33 9.20 Note: Top 10 destinations based on India’s 2017-18 exports under the eight plastic product panels Source: DGCI&S

Growth (%) 216.7% 5.4% 20.6% 43.2% 55.6% 44.8% 101.5% 6.5% 36.2% 42.4%

18.7% 19.0% -5.1% 15.6% -3.6% 39.6% 34.9% 10.2% 0.7% 45.3%


France Germany United Kingdom Poland United States Italy Netherlands Denmark Israel United Arab Emirates

Apr 17Oct 17 (USD Mn) 36.36 33.25 25.24 17.39 17.04 8.48 9.62 6.48 7.02 8.19

Apr 18Oct 18 (USD Mn) 68.20 29.37 24.56 10.14 16.93 7.42 11.72 4.91 4.98 7.34

Other plastic items

United States United Arab Emirates Belgium South Africa Ethiopia United Kingdom Germany Saudi Arabia Turkey Italy

28.60 20.57 11.88 6.36 7.89 5.89 5.98 6.40 6.90 5.03

48.63 17.54 20.77 5.72 0.53 6.49 6.91 4.80 4.16 7.86

70.0% -14.7% 74.8% -10.0% -93.3% 10.2% 15.6% -25.0% -39.7% 56.2%

Human hair, products thereof

China Myanmar United States Tunisia Italy Hong Kong United Arab Emirates Bangladesh Vietnam Paraguay

86.61 18.23 7.97 7.00 4.29 4.33 3.70 3.08 1.97 2.30

69.24 14.16 8.91 6.15 2.24 5.25 3.25 3.36 1.87 2.01

-20.1% -22.4% 11.8% -12.1% -47.7% 21.3% -12.0% 9.1% -5.0% -12.7%

Panel

Country

Optical items (incl. lens etc)

Stationery/Office/School Supply

United States 24.46 32.87 United Kingdom 9.37 8.65 United Arab Emirates 8.19 7.71 Thailand 7.08 6.92 Germany 4.35 3.74 Bangladesh 2.87 3.43 Mexico 3.12 2.96 Myanmar 2.08 2.11 Colombia 3.41 3.03 Saudi Arabia 2.23 3.15 Note: Top 10 destinations based on India’s 2017-18 exports under the eight plastic product panels Source: DGCI&S

Growth (%) 87.6% -11.7% -2.7% -41.7% -0.6% -12.5% 21.8% -24.2% -29.1% -10.3%

34.4% -7.7% -5.9% -2.2% -14.1% 19.7% -5.3% 1.8% -11.4% 41.6%


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

2017-18 (USD Bn) 24.60 24.03 23.58 22.54 23.85 28.64 23.05 170.29

2018-19 (USD Bn) 25.64 28.78 27.15 25.89 27.87 27.90 26.98 190.22

Growth (%) 4.2% 19.7% 15.1% 14.9% 16.9% -2.6% 17.1% 11.7%

Source: DGCI&S

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

2017-18 (USD Mn) 576.31 551.40 547.65 581.63 600.99 630.93 608.92 4,097.84

2018-19 (USD Mn) 738.31 741.65 769.08 730.46 830.05 780.35 778.02 5,637.92

Growth (%) 28.1% 34.5% 40.4% 25.6% 38.1% 23.7% 27.8% 30.9%

Source: DGCI&S

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Profile for Plexconcil

Analysis of India's Plastics Export – October 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 – October 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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