Asia: Sisal Binder Market 2025

Sisal Binder Market Size in Asia

The Asian sisal binder market expanded rapidly to $X in 2022, picking up by 5.8% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 -4.7% 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

In value terms, sisal binder production expanded significantly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 -4.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Sisal Binder Exports

Exports in Asia

In 2022, shipments abroad of sisal binder or baler (agricultural) twines increased by 0.5% to X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 64%. As a result, the exports reached 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 dropped slightly to $X in 2022. In general, exports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2014 when exports increased by 54%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nepal dominates exports structure, recording X tons, which was approx. 70% of total exports in 2022. It was distantly followed by China (X tons), Bangladesh (X tons) and Thailand (X tons), together making up a 20% share of total exports. Turkey (X tons) took a little 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%) and Turkey (+4.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, 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. From 2012 to 2022, the share of Thailand, Bangladesh and Turkey increased by +5.5, +2.6 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) remains the largest sisal binder supplier in Asia, comprising 49% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by Bangladesh, with a 10% share.

In Nepal, sisal binder exports contracted by an average annual rate of -4.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-3.6% per year) and Bangladesh (+3.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by -3.4% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 -3.7% against 2020 indices. The pace of growth appeared 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; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: 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

In 2022, supplies from abroad of sisal binder or baler (agricultural) twines increased by 6.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 106%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sisal binder imports rose remarkably to $X in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 55% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Lao People's Democratic Republic (X tons), Indonesia (X tons), Cambodia (X tons) and Vietnam (X tons) represented the major importers of sisal binder or baler (agricultural) twines, together committing 52% of total imports. Yemen (X tons), Turkey (X tons), Nepal (X tons), Afghanistan (X tons), South Korea (X tons), Oman (X tons), the United Arab Emirates (X tons) and Lebanon (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sisal binder importing markets in Asia were Indonesia ($X), Japan ($X) and Lao People's Democratic Republic ($X), together accounting for 50% of total imports. South Korea, the United Arab Emirates, Cambodia, Vietnam, Turkey, Afghanistan, Oman, Lebanon, Yemen and Nepal lagged somewhat behind, together accounting for a further 35%.

In terms of the main importing countries, Cambodia, with a CAGR of +35.0%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2022, picking up by 4.3% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +17.1% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 56%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 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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