Key Market Indicators
Nepal's plastic exports have seen a significant decline, dropping to approximately $1.7 million in 2023 from around $2.7 million in 2022. This represents a decrease of 38% compared to the previous year. The downward trend in Nepalese plastic exports has been ongoing since 1999, with an average annual decline of nearly 25%. In contrast, Nepal's plastic imports are projected to rise. By 2028, imports are expected to reach roughly $506 million, up from about $439 million in 2023. This marks an average annual growth rate of 2.3%. Since 1999, Nepalese demand for plastic imports has increased by an average of 3.4% each year.
