Southern Asia: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Southern Asia

The South Asian plaits and basketwork market reached $X in 2022, approximately mirroring the previous year. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plaits And Basketwork Production in Southern Asia

In value terms, plaits and basketwork production stood at $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 remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plaits And Basketwork Exports

Exports in Southern Asia

For the eleventh year in a row, Southern Asia recorded growth in overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by X% to X tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plaits and basketwork exports fell to $X in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, India (X tons) was the key exporter of plaits, basketwork, wickerwork and similar products of plaiting materials, constituting X% of total exports. It was distantly followed by Bangladesh (X tons), comprising a X% share of total exports. The following exporters - Sri Lanka (X tons) and Pakistan (X tons) - each reached a X% share of total exports.

India was also the fastest-growing in terms of the plaits, basketwork, wickerwork and similar products of plaiting materials exports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.), Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics.

In value terms, the largest plaits and basketwork supplying countries in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together comprising X% of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted 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 Bangladesh ($X per ton), while Pakistan ($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 export price figures.

Plaits And Basketwork Imports

Imports in Southern Asia

In 2022, plaits and basketwork imports in Southern Asia skyrocketed to X tons, picking up by X% against 2021. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, plaits and basketwork imports surged to $X in 2022. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

India represented the largest importing country with an import of about X tons, which recorded X% of total imports. Maldives (X tons) took the second position in the ranking, followed by Sri Lanka (X tons). All these countries together held approx. X% share of total imports. Pakistan (X tons), Afghanistan (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%), Pakistan (X%), Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. While the share of Maldives (X p.p.) and Sri Lanka (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported plaits, basketwork, wickerwork and similar products of plaiting materials in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Sri Lanka, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of 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 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Sri Lanka ($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 more modest paces of growth.

Source: IndexBox Platform

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