Southern Asia: Twine Product Market 2024

Twine Product Market Size in Southern Asia

The South Asian twine product market rose significantly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Twine Product Production in Southern Asia

In value terms, twine product production amounted to $X in 2023 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Twine Product Exports

Exports in Southern Asia

In 2023, exports of articles of twine, cordage, rope or cables in Southern Asia declined to X tons, with a decrease of X% compared with 2022 figures. Total exports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, twine product exports shrank to $X in 2023. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

India (X tons) and Bangladesh (X tons) prevails in exports structure, together committing X% of total exports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest twine product supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Twine Product Imports

Imports in Southern Asia

In 2023, approx. X tons of articles of twine, cordage, rope or cables were imported in Southern Asia; with an increase of X% against 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, twine product imports totaled $X in 2023. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

India was the key importer of articles of twine, cordage, rope or cables in Southern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and Sri Lanka (X tons), together committing a X% share of total imports. Nepal (X tons) and Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported articles of twine, cordage, rope or cables in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Bangladesh stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform