Key Market Indicators
I-Kiribati's plastic export industry is projected to experience steady growth over the next five years. By 2028, the country's plastic exports are expected to reach approximately $13,700, up from $11,900 in 2023. This marks an average annual growth rate of 2.2%. Historical data shows that since 2010, I-Kiribati's plastic supply has increased at an annual rate of 3.3%. On the import side, I-Kiribati's demand for plastics is also on a rising trajectory. Plastic imports are forecasted to climb to around $5.4 million by 2028, up from $4.5 million in 2023. This represents a compound annual growth rate (CAGR) of 2.9%. Since 2004, the country's plastic import demand has grown at an annual rate of 4.6%.
