Southern Asia: Insulating Board Market 2024

Insulating Board Market Size in Southern Asia

The South Asian insulating board market was estimated at $X in 2022, with an increase of 1.7% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Insulating Board Production in Southern Asia

In value terms, insulating board production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Insulating Board Exports

Exports in Southern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of insulating board, when their volume increased by 12% to X cubic meters. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 35% against the previous year. The volume of export peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, insulating board exports stood at $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Pakistan (X cubic meters) was the main exporter of insulating board, creating 65% of total exports. It was distantly followed by India (X cubic meters), generating a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Pakistan (with a CAGR of +2.0%).

In value terms, the largest insulating board supplying countries in Southern Asia were Pakistan ($X) and India ($X).

In terms of the main exporting countries, India, with a CAGR of +5.7%, saw 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 cubic meter in 2022, surging by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 when the export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while Pakistan totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%).

Insulating Board Imports

Imports in Southern Asia

In 2022, purchases abroad of insulating board decreased by -15.3% to X cubic meters, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 when imports increased by 40% against the previous year. The volume of import peaked at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, insulating board imports dropped significantly to $X in 2022. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan was the key importing country with an import of about X cubic meters, which amounted to 79% of total imports. It was distantly followed by India (X cubic meters), making up an 18% share of total imports. Pakistan (X cubic meters) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the insulating board imports, with a CAGR of +2.5% from 2012 to 2022. India (-4.8%) and Pakistan (-26.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan increased by +31 percentage points.

In value terms, Afghanistan ($X) constitutes the largest market for imported insulating board in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports.

In Afghanistan, insulating board imports increased at an average annual rate of +1.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (-1.2% per year) and Pakistan (-26.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per cubic meter in 2022, dropping by -13.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 19%. The level of import peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per cubic meter), while Afghanistan ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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