Southern Asia: Sisal Binder Market 2024

Sisal Binder Market Size in Southern Asia

The South Asian sisal binder market declined modestly to $X in 2022, almost unchanged from the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sisal Binder Production in Southern Asia

In value terms, sisal binder production expanded to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Sisal Binder Exports

Exports in Southern Asia

After seven years of decline, overseas shipments of sisal binder or baler (agricultural) twines increased by X% to X tons in 2022. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sisal binder exports expanded rapidly to $X in 2022. Over the period under review, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nepal dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bangladesh (X tons), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sisal binder exports from Nepal stood at X%. Bangladesh (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) remains the largest sisal binder supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In Nepal, sisal binder exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, remaining stable against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price 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, sisal binder export price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Nepal amounted to $X per ton.

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

Sisal Binder Imports

Imports in Southern Asia

In 2022, purchases abroad of sisal binder or baler (agricultural) twines decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sisal binder imports declined notably to $X in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Afghanistan prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by India (X tons), creating a X% share of total imports. Nepal (X tons) held a relatively small share of total imports.

Afghanistan was also the fastest-growing in terms of the sisal binder or baler (agricultural) twines imports, with a CAGR of X% from 2012 to 2022. At the same time, Nepal (X%) displayed positive paces of growth. By contrast, India (X%) illustrated a downward trend over the same period. Afghanistan (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Afghanistan ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Nepal ($X), with a X% share of total imports.

In Afghanistan, sisal binder imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Afghanistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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