Southern Asia: Net Fabric Market 2024

Net Fabric Market Size in Southern Asia

The South Asian net fabric market contracted to $X in 2023, reducing by X% against the previous year. In general, consumption posted a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Net Fabric Production in Southern Asia

In value terms, net fabric production dropped to $X in 2023 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Net Fabric Exports

Exports in Southern Asia

In 2023, shipments abroad of tulles and other net fabrics decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, net fabric exports totaled $X in 2023. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, India (X tons) was the key exporter of tulles and other net fabrics, making up X% of total exports. Sri Lanka (X tons) ranks second in terms of the total exports with an X% share, followed by Pakistan (X%). Bangladesh (X tons) held a little share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, net fabric exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Sri Lanka (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, surging by X% against the previous year. In general, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see gradual growth in the immediate term.

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 mixed trends in the export price figures.

Net Fabric Imports

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in purchases abroad of tulles and other net fabrics, which increased by X% to X tons in 2023. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, net fabric imports fell sharply to $X in 2023. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then fell sharply in the following year.

Imports by Country

In 2023, Pakistan (X tons) was the main importer of tulles and other net fabrics, comprising X% of total imports. Bangladesh (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%).

Pakistan was also the fastest-growing in terms of the tulles and other net fabrics imports, with a CAGR of X% from 2012 to 2023. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Bangladesh saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest net fabric importing markets in Southern Asia were Pakistan ($X), Bangladesh ($X) and Sri Lanka ($X), with a combined X% share of total imports.

In terms of the main importing countries, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to 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 Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform