Southern Asia: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Southern Asia

The South Asian uncoated felt paper market declined to $X in 2022, reducing by -14.1% against the previous year. Overall, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Uncoated Felt Paper Production in Southern Asia

In value terms, uncoated felt paper production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 149% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Uncoated Felt Paper Exports

Exports in Southern Asia

In 2022, approx. X tons of uncoated felt paper and paperboard were exported in Southern Asia; jumping by 90% against the previous year's figure. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 273% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, uncoated felt paper exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 347% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) and Pakistan (X tons) dominates exports structure, together committing 89% of total exports. Sri Lanka (X kg) held the next position in the ranking, followed by Bangladesh (X kg). All these countries together took approx. 11% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +55.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest uncoated felt paper supplying countries in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together accounting for 95% of total exports. Sri Lanka lagged somewhat behind, accounting for a further 5.3%.

Sri Lanka, with a CAGR of +31.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of 80%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 India (+2.0%), while the other leaders experienced a decline in the export price figures.

Uncoated Felt Paper Imports

Imports in Southern Asia

In 2022, uncoated felt paper imports in Southern Asia declined markedly to X tons, dropping by -15.5% compared with 2021. Overall, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 845% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, uncoated felt paper imports shrank to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 304%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Pakistan represented the key importing country with an import of about X tons, which reached 88% of total imports. It was distantly followed by India (X tons), achieving an 11% share of total imports.

Pakistan was also the fastest-growing in terms of the uncoated felt paper and paperboard imports, with a CAGR of +71.2% from 2012 to 2022. At the same time, India (+1.0%) displayed positive paces of growth. While the share of Pakistan (+87 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-3.4 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) constitutes the largest market for imported uncoated felt paper and paperboard in Southern Asia, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 27% share of total imports.

In Pakistan, uncoated felt paper imports expanded at an average annual rate of +38.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 5.6% against the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 119%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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 India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.0%).

Source: IndexBox Platform

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