Central Asia: Sisal Binder Market 2024

Sisal Binder Market Size in Central Asia

The Central Asian sisal binder market expanded significantly to $X in 2022, surging by 9.5% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sisal Binder Production in Central Asia

In value terms, sisal binder production expanded markedly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -7.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Sisal Binder Exports

Exports in Central Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of sisal binder or baler (agricultural) twines, when their volume decreased by -9.9% to X tons. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 292% against the previous year. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, sisal binder exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 194% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Kazakhstan (X tons) represented the key exporter of sisal binder or baler (agricultural) twines in Central Asia, achieving 100% of total export.

Kazakhstan was also the fastest-growing in terms of the sisal binder or baler (agricultural) twines exports, with a CAGR of +54.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest sisal binder supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +44.3%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by 2.9% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 when the export price increased by 21%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -6.6% per year.

Sisal Binder Imports

Imports in Central Asia

In 2022, after two years of decline, there was significant growth in overseas purchases of sisal binder or baler (agricultural) twines, when their volume increased by 102% to X tons. Over the period under review, imports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 675%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sisal binder imports surged to $X in 2022. In general, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 582% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kyrgyzstan (X tons), Kazakhstan (X tons) and Tajikistan (X tons) represented roughly 92% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), committing a 4.5% share of total imports. The following importers - Mongolia (X kg) and Turkmenistan (X kg) - each reached a 3.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +43.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines in Central Asia, comprising 56% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 26% share of total imports. It was followed by Tajikistan, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan stood at +23.5%. In the other countries, the average annual rates were as follows: Kazakhstan (-13.1% per year) and Tajikistan (+21.7% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, remaining stable against the previous year. Overall, the import price showed a slight slump. The growth pace was the most rapid in 2014 an increase of 56% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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