Asia: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Asia

In 2022, the Asian primary fiber crops market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in Asia

In value terms, primary fiber crops production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Primary Fiber Crops Exports

Exports in Asia

In 2022, shipments abroad of fiber crops (primary) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary fiber crops exports reduced notably to $X in 2022. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) represented the key exporter of fiber crops (primary), constituting X% of total exports. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by Bangladesh (X%) and Turkey (X%). The following exporters - the Philippines (X tons), Tajikistan (X tons), Azerbaijan (X tons), Afghanistan (X tons), Vietnam (X tons) and Thailand (X tons) - together made up X% of total exports.

Exports from India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), the Philippines (X%), Turkey (X%), Afghanistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Tajikistan experienced a relatively flat trend pattern. By contrast, Thailand (X%), Vietnam (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sri Lanka, Turkey, the Philippines, Azerbaijan and Afghanistan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest primary fiber crops supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

In India, primary fiber crops exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a slight curtailment. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Primary Fiber Crops Imports

Imports in Asia

After five years of growth, purchases abroad of fiber crops (primary) decreased by X% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, primary fiber crops imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons), distantly followed by Bangladesh (X tons), Vietnam (X tons), Turkey (X tons), Pakistan (X tons), India (X tons) and Indonesia (X tons) were the main importers of fiber crops (primary), together creating X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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