Southern Asia: Globe Market 2022

Globe Market Size in Southern Asia

The South Asian globe market reduced remarkably to $X in 2021, which is down by -X% against the previous year. Overall, consumption saw a precipitous contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Globe Production in Southern Asia

In value terms, globe production contracted slightly to $X in 2021 estimated in export price. In general, production recorded a pronounced slump. The growth pace was the most rapid in 2015 when the production volume increased by less than X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Globe Exports

Exports in Southern Asia

In 2021, the amount of globes exported in Southern Asia soared to X tons, with an increase of X% compared with 2020 figures. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, globe exports surged to $X in 2021. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together recording X% of total export.

India was also the fastest-growing in terms of the globes exports, with a CAGR of +X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest globe supplier in Southern Asia.

In India, globe exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, falling by -X% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2015 when the export price increased by less than X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -X% per year.

Globe Imports

Imports in Southern Asia

Globe imports reduced to X tons in 2021, which is down by -X% on 2020. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, globe imports declined to $X in 2021. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bangladesh (X tons) represented the largest importer of globes, making up X% of total imports. Nepal (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%) and India (X%). The following importers - Pakistan (X kg), Bhutan (X kg) and Afghanistan (X kg) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to globe imports into Bangladesh stood at -X%. 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 2012-2021. Afghanistan experienced a relatively flat trend pattern. By contrast, Pakistan (-X%), Bhutan (-X%), Sri Lanka (-X%) and India (-X%) illustrated a downward trend over the same period. Bangladesh (+X p.p.), Nepal (+X p.p.) and Pakistan (less than X p.p.) significantly strengthened its position in terms of the total imports, while India and Sri Lanka saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported globes in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Sri Lanka, with an X% share.

In Bangladesh, globe imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nepal (+X% per year) and Sri Lanka (-X% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, falling by less than X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, globe import price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :