Southern Asia: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Southern Asia

In 2022, the South Asian market for coconut, abaca, ramie and other vegetable textile fibres was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Southern Asia

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest coconut, abaca, ramie and other vegetable textile fibre producing country in Southern Asia, comprising approx. X% of total volume. Moreover, production of coconut, abaca, ramie and other vegetable textile fibres in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India was relatively modest.

The average yield of coconut, abaca, ramie and other vegetable textile fibres totaled X tons per ha in 2022, remaining stable against the previous year's figure. In general, the yield, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the yield of coconut, abaca, ramie and other vegetable textile fibres attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The harvested area of coconut, abaca, ramie and other vegetable textile fibres reduced modestly to X ha in 2022, waning by X% compared with the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021, and then declined modestly in the following year.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in Southern Asia

In 2022, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped notably to $X in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

India represented the main exporter of coconut, abaca, ramie and other vegetable textile fibres in Southern Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), committing a X% share of total exports.

India was also the fastest-growing in terms of the coconut, abaca, ramie and other vegetable textile fibres exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) and Sri Lanka ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in Southern Asia

In 2022, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres stood at $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the major importer of coconut, abaca, ramie and other vegetable textile fibres, mixing up X% of total imports. Pakistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%), Maldives (X%) and Bangladesh (X%). Bhutan (X tons) followed a long way behind the leaders.

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

In value terms, India ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, 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 India ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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