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Plastic exports from India witness decline of 5.6% in November to $892 million: Plexconcil
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The Plastic Export Promotion Council (Plexconcil) has said Plastic exports from India witnessed a yearly decline of 5.6 per cent in November 2023 to $892 million mainly due to drop in shipments of miscellaneous products.
It said, in November 2022, the total plastic exports stood at $945 million. It stated exports of miscellaneous products and items plummeted by 48.5 per cent in November 2023, due to lower shipments of optical fibers, optical fiber bundles and cables.
Plexconcil chairman Hemant Minocha said ‘October 2023 saw a 9.4 per cent jump (Y-o-Y) in overall plastics exported from India. While we have witnessed a minor decline in November, I am positive about the bullish demand for Indian plastics in the international markets. We are bullish about the South American continent, where we recently organised a strategic buyer-seller meet across Costa Rica, Guatemala, El Salvador, and Guatemala’.
