Asia-Pacific: Sisal Binder Market 2025

Sisal Binder Market Size in Asia-Pacific

The Asia-Pacific sisal binder market rose notably to $X in 2022, growing by 5.7% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -4.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sisal Binder Production in Asia-Pacific

In value terms, sisal binder production rose slightly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -4.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sisal Binder Exports

Exports in Asia-Pacific

In 2022, shipments abroad of sisal binder or baler (agricultural) twines increased by 3.2% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 67%. 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 rose modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 when exports increased by 60% 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 lower figure.

Exports by Country

Nepal prevails in exports structure, amounting to X tons, which was near 76% of total exports in 2022. China (X tons) held the second position in the ranking, followed by Bangladesh (X tons) and Thailand (X tons). All these countries together held approx. 22% share of total exports.

Exports from Nepal decreased at an average annual rate of -8.1% from 2012 to 2022. At the same time, Thailand (+27.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +27.0% from 2012-2022. By contrast, Bangladesh (-1.6%) and China (-5.9%) illustrated a downward trend over the same period. Thailand (+6 p.p.) and Bangladesh (+3 p.p.) significantly strengthened its position in terms of the total exports, while Nepal saw its share reduced by -7.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) remains the largest sisal binder supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports. It was followed by Bangladesh, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nepal totaled -4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-3.6% per year) and Bangladesh (+3.2% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, standing approx. at the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 decreased by -7.1% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Nepal ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Sisal Binder Imports

Imports in Asia-Pacific

In 2022, purchases abroad of sisal binder or baler (agricultural) twines was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a slight setback. The growth pace was the most rapid in 2014 with an increase of 219% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, sisal binder imports totaled $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 108% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons), distantly followed by Lao People's Democratic Republic (X tons), Indonesia (X tons), New Zealand (X tons), Cambodia (X tons), Vietnam (X tons), Nepal (X tons) and Afghanistan (X tons) represented the major importers of sisal binder or baler (agricultural) twines, together achieving 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sisal binder importing markets in Asia-Pacific were Indonesia ($X), Japan ($X) and New Zealand ($X), together comprising 59% of total imports. Lao People's Democratic Republic, Cambodia, Vietnam, Afghanistan and Nepal lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Cambodia, with a CAGR of +35.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by 11% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sisal binder import price increased by +17.5% against 2018 indices. The growth pace was the most rapid in 2015 when the import price increased by 65%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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