
Sudan - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights
Sudan: Insulating Board Market 2023
Insulating Board Market Size in Sudan
In 2021, the Sudanese insulating board market decreased by -77.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a precipitous curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.
Insulating Board Imports
Imports into Sudan
After two years of growth, supplies from abroad of insulating board decreased by -75.7% to X cubic meters in 2021. Overall, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of 235% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, insulating board imports dropped rapidly to $X in 2021. Over the period under review, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2016 when imports increased by 196%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, Turkey (X cubic meters) constituted the largest supplier of insulating board to Sudan, accounting for a 85% share of total imports. Moreover, insulating board imports from Turkey exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), sixfold.
From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +22.5%.
In value terms, Turkey ($X) constituted the largest supplier of insulating board to Sudan, comprising 78% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +25.0%.
Import Prices by Country
The average insulating board import price stood at $X per cubic meter in 2021, with a decrease of -12.6% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insulating board import price decreased by -22.6% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2018; however, from 2019 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per cubic meter), while the price for Turkey stood at $X per cubic meter.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the insulating board market in Sudan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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