Asia-Pacific: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Asia-Pacific

In 2022, the Asia-Pacific primary fiber crops market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Primary Fiber Crops Production in Asia-Pacific

In value terms, primary fiber crops production fell to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Primary Fiber Crops Exports

Exports in Asia-Pacific

In 2022, shipments abroad of fiber crops (primary) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, primary fiber crops exports totaled $X in 2022. Overall, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) and Australia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Sri Lanka (X tons) and Bangladesh (X tons), together constituting a X% share of total exports. The Philippines (X tons), Vietnam (X tons) and Afghanistan (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), India ($X) and Sri Lanka ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Afghanistan, Bangladesh, the Philippines and Vietnam lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Primary Fiber Crops Imports

Imports in Asia-Pacific

In 2022, approx. X tons of fiber crops (primary) were imported in Asia-Pacific; with a decrease of X% against the previous year. Overall, imports recorded a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports rose notably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importer of fiber crops (primary) in Asia-Pacific, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Bangladesh (X tons) ranks second in terms of the total imports with an X% share, followed by Vietnam (X%), Pakistan (X%), India (X%) and Indonesia (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported fiber crops (primary) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Bangladesh ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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