India: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2025

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in India

In 2021, after two years of decline, there was growth in the Indian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, when its value increased by 0.9% to $X. Overall, consumption recorded a resilient expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in India

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X in 2021 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from India

In 2021, approx. X tons of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders were exported from India; growing by 48% compared with the previous year. In general, exports, however, showed a abrupt contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 64%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X tons) was the main destination for exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from India, accounting for a 50% share of total exports. Moreover, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Nepal exceeded the volume sent to the second major destination, Bangladesh (X tons), sixfold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nepal totaled +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+70.1% per year) and Democratic Republic of the Congo (+285.4% per year).

In value terms, Nepal ($X), China ($X) and Somalia ($X) were the largest markets for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exported from India worldwide, with a combined 66% share of total exports.

In terms of the main countries of destination, Somalia, with a CAGR of +311.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per ton, which is down by -19.7% against the previous year. Over the period under review, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 102% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+26.1%), while the prices for the other major destinations experienced a decline.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into India

In 2021, purchases abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by -8.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 59%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders declined rapidly to $X in 2021. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 48%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to India, accounting for a 90% share of total imports. It was followed by Germany (X tons), with a 2.9% share of total imports. The third position in this ranking was held by Italy (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and Italy (+15.2% per year).

In value terms, China ($X) constituted the largest supplier of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to India, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.8% per year) and Germany (+5.0% per year).

Import Prices by Country

In 2021, the average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per ton, which is down by -17.8% against the previous year. In general, the import price faced a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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