Plastic Exports Grow 14.3% To $997 Million In Feb: Report
India's plastic exports surged by 14.3% YoY to $997 million in February, driven by increased demand in various product categories.
India's plastic exports grew 14.3% year-on-year to $997 million in February due to a rise in demand in various product categories, an apex industry body said on Friday.
The overall plastic exports stood at $872 million in February 2023, Plastic Export Promotion Council Plexconcil said in a statement.
According to Plexconcil data, there was significant export growth in February 2024 across the majority of the product panels like plastic raw materials, plastic films and sheets, woven sacks, and floor coverings, among others.
However, panels like writing instruments and stationery, consumer and houseware products, human hair and related products, and miscellaneous products and items faced challenges in achieving growth during the same period, it added.
"Amidst fluctuating trends, India's plastic exports grew in February, reaching $997 million, a 14.3% rise from the previous year. Initiatives like PLEXCONNECT 2024 aim to fortify global connections. Scheduled for June 7-9th, PLEXCONNECT 2024 has already been receiving positive responses from international buyers," Plexconcil Executive Director Sribash Dasmohapatra said.
