Key Market Indicators
Nepal's plastic exports dropped 10.9% in 2021, reaching $3.53 million compared to $3.96 million in 2020. This marks a 15.5% decrease since 1999. Montenegro was the highest exporter in 2021, while the United States, Germany, and South Korea ranked 2nd, 3rd, and 4th respectively. Plastic imports to Nepal are expected to reach $456.86 million by 2026, from $391.81 million in 2021. This averages to a 2.3% growth in demand each year since 1999. Bahrain was the highest importer in 2021, with the United States, Germany, and France ranking 2nd, 3rd, and 4th respectively.
Nepal Plastic Market Data and Forecasts
How much will Nepal Plastic Market grow?
More in Plastic Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Plastic Processing and Manufacturing: Innovations and Trends Defining the Global Industry
The plastic processing and manufacturing field is experiencing rapid growth and diversification. New technologies such as 3D printing are revolutionising the industry by allowing the production of complex, customised parts with reduced waste. Furthermore, innovations in bio-based and biodegradable plastics are impacting the sector, providing environmentally friendly alternatives to traditional...
Discover more insights -
Plastics and Synthetic Resin Manufacturing: Navigating Trends and Opportunities in Complex Markets
The synthetic resins and plastics industry is confronting a medley of market factors. These include rising raw material costs, shifting consumer preferences towards bio-based products, and volatile economic landscapes, particularly in emerging markets. These challenges have compelled companies in this sector to reassess their strategies, focusing on innovation, cost efficiency,...
Discover more insights -
Exploring Versatility: Polyurethane Chemicals, Persistent Innovations in Rigid & Flexible Foams, Elastomers
The chemical sector has recognized Polyurethane as an integral component, with the ability to yield a wide range of products spanning from rigid and flexible foams to elastomers. Remarkably versatile, it can be fine-tuned to showcase a spectrum of properties, like high rigidity or immense elasticity, depending on the needs...
Discover more insights -
Plastics Industry: Captivating Trends in Construction, Engineering, and Compounding Sectors
The plastics industry continues to drive innovation in the construction sector, leveraging the material's characteristics to boost building efficiency and sustainability. Emerging trends such as the increased use of plastic composites in structural components and polyvinyl chloride (PVC) in piping systems reflect plastics growing indispensability. Furthermore, advances in plastic insulation...
Discover more insights -
Reinforced Plastics: Navigating the Dynamics of a Rapidly Evolving Sector
The reinforced plastics market is undergoing significant transformation, largely driven by advancements in technology and raw material refinement techniques. The ability to produce robust, yet flexible materials, has made reinforced plastics an increasingly crucial entity in various industries such as automotive, aerospace, and construction. The push for greater sustainability has...
Discover more insights