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The Plastics Export Promotion Council (Plexconcil) has said plastics exports from the country declined 14.6 per cent to $956 million in July 2023 mainly due to decreasing demand in key export markets like the US and Europe. It said the overall exports during July 2022 stood at $1.119 billion. 

It stated flexible Intermediate Bulk Containers (FIBC), plastic raw materials, packaging items, plastic films and sheets, and plastic writing instruments and stationery witnessed a major decline in exports. Further, it said cumulative plastics exports during the April-July period also dropped 14.9 per cent to $3.741 billion as against the year-ago period. 

Plexconcil Executive Director Sribash Dasmohapatra said ‘We are happy to see that consumer and houseware products, floor coverings, leather cloth, laminates, medical items of plastic... are doing really well. The Indian plastics industry is undergoing a phenomenal transformation and is experiencing accelerated growth in recent years.’  The top export destinations for Indian plastics products during this period were the US, China, the US and the European Union.