Asia: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Asia

In 2022, the Asian primary fiber crops market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a pronounced shrinkage. 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

In value terms, primary fiber crops production fell to $X in 2022 estimated in export price. In general, production, however, saw a noticeable descent. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Primary Fiber Crops Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of fiber crops (primary), when their volume decreased by X% to X tons. In general, exports continue to indicate a pronounced 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 stood at a somewhat lower figure.

In value terms, primary fiber crops exports shrank markedly to $X in 2022. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India represented the largest exporting country with an export of around X tons, which recorded X% of total exports. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by Bangladesh (X%) and Turkey (X%). The following exporters - the Philippines (X tons), Vietnam (X tons), Tajikistan (X tons), Azerbaijan (X tons), Afghanistan (X tons) and Thailand (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to primary fiber crops exports from India stood at X%. At the same time, Azerbaijan (X%), the Philippines (X%), Turkey (X%), Afghanistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Tajikistan experienced a relatively flat trend pattern. By contrast, Thailand (X%), Vietnam (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sri Lanka, Turkey, the Philippines, Azerbaijan and Afghanistan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest primary fiber crops supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Primary Fiber Crops Imports

Imports in Asia

In 2022, purchases abroad of fiber crops (primary) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, primary fiber crops imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by Bangladesh (X tons), Vietnam (X tons), Turkey (X tons), Pakistan (X tons), India (X tons) and Indonesia (X tons) were the major importers of fiber crops (primary), together generating X% of total imports.

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 ($X), Turkey ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, Pakistan, India and Indonesia lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price recorded 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 hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($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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