Southern Asia: Solid Biofuel Market 2024

Solid Biofuel Market Size in Southern Asia

The South Asian solid biofuel market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, showed a slight downturn. The pace of growth was the most pronounced in 2020 when the market value increased by X%. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Solid Biofuel Production in Southern Asia

In value terms, solid biofuel production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Solid Biofuel Exports

Exports in Southern Asia

After four years of growth, shipments abroad of solid biofuels decreased by X% to X tons in 2022. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, solid biofuel exports soared to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), comprising a X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, respectively.

In value terms, India ($X) remains the largest solid biofuel supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, solid biofuel exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Solid Biofuel Imports

Imports in Southern Asia

Solid biofuel imports contracted to X tons in 2022, falling by X% on the previous year's figure. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, solid biofuel imports reduced slightly to $X in 2022. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

India represented the major importer of solid biofuels in Southern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Sri Lanka (X tons), achieving a X% share of total imports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sri Lanka ($X) constitutes the largest market for imported solid biofuels in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

In Sri Lanka, solid biofuel imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Bhutan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a measured 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, solid biofuel import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :