Southern Asia: Book Cover Market 2024

Book Cover Market Size in Southern Asia

The South Asian book cover market was estimated at $X in 2023, approximately reflecting the previous year. Over the period under review, consumption, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Book Cover Production in Southern Asia

In value terms, book cover production expanded modestly to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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Book Cover Exports

Exports in Southern Asia

In 2023, overseas shipments of blotting pads and book covers increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, book cover exports contracted slightly to $X in 2023. Total exports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Sri Lanka (X tons), comprising a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to book cover exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Sri Lanka increased by X percentage points.

In value terms, India ($X) remains the largest book cover supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, book cover exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, book cover export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Book Cover Imports

Imports in Southern Asia

In 2023, after two years of growth, there was significant decline in purchases abroad of blotting pads and book covers, when their volume decreased by X% to X tons. Overall, imports showed a slight descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, book cover imports shrank dramatically to $X in 2023. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

India dominates imports structure, reaching X tons, which was approx. X% of total imports in 2023. Nepal (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%). Bangladesh (X tons), Sri Lanka (X tons) and Bhutan (X tons) held a minor share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of blotting pads and book covers. At the same time, Nepal (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Bhutan (X%), Sri Lanka (X%), Bangladesh (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported blotting pads and book covers in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

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

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India ($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 more modest paces of growth.

Source: IndexBox Platform