Plastic exports declined by 6.9% to US$ 34.5 billion in August: Plex Council – Dainik Savera Times
[ad_1]
Mumbai: India’s plastic exports declined 6.9 percent year-on-year to US$34.5 billion in August due to tough global economic conditions. According to apex industry body Plastics Export Promotion Council (Plexcouncil), total plastic exports in August 2022 stood at $37.0 billion. According to the data, there was a mixed performance in various product categories such as flooring, leather, laminates, medical plastics, consumer and household products, fishnet and monofilament, writing instruments and stationery and human hair.
According to the data of Plexcouncil, there was a decline in the export of miscellaneous products and goods like woven sacks, woven clothes, tarpaulins, plastic films and sheets, plastic pipes etc. The body said India is one of the top five exporters of polyethylene terephthalate resins in the world. “Floor coverings, leather fabrics and laminates witnessed a significant growth of 51 per cent, which are typically There are good performing product segments.
We’re glad to see that momentum continues. This is a positive growth for the industry and we expect more growth in other sectors as well. India’s plastics trade, including imports and exports, has seen substantial growth over the past decade, from US$19 billion in 2013-14 to US$37 billion in 2022-23.
[ad_2]
Source link
