Southern Asia: Ball Market 2024

Ball Market Size in Southern Asia

The South Asian ball market dropped sharply to $X in 2022, reducing by -28.8% against the previous year. Over the period under review, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ball Production in Southern Asia

In value terms, ball production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ball Exports

Exports in Southern Asia

In 2022, approx. X units of balls were exported in Southern Asia; rising by 83% on the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +119.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball exports skyrocketed to $X in 2022. Overall, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan was the key exporting country with an export of about X units, which accounted for 82% of total exports. It was distantly followed by India (X units), creating a 17% share of total exports.

Pakistan was also the fastest-growing in terms of the balls exports, with a CAGR of +7.7% from 2012 to 2022. At the same time, India (+1.9%) displayed positive paces of growth. Pakistan (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -9.6% from 2012 to 2022, respectively.

In value terms, Pakistan ($X) remains the largest ball supplier in Southern Asia, comprising 89% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Pakistan amounted to +9.1%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by 17% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 Pakistan ($X per unit), while India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.2%).

Ball Imports

Imports in Southern Asia

In 2022, approx. X units of balls were imported in Southern Asia; waning by -6.4% on the previous year. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 61%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ball imports stood at $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 41%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India was the key importer of balls in Southern Asia, with the volume of imports recording X units, which was approx. 60% of total imports in 2022. Bangladesh (X units) ranks second in terms of the total imports with a 22% share, followed by Sri Lanka (8.6%) and Pakistan (7.1%). Nepal (X units) took a little share of total imports.

India was also the fastest-growing in terms of the balls imports, with a CAGR of +16.3% from 2012 to 2022. At the same time, Pakistan (+6.3%) and Bangladesh (+2.6%) displayed positive paces of growth. Nepal and Sri Lanka experienced a relatively flat trend pattern. While the share of India (+31 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (-2 p.p.), Sri Lanka (-11.9 p.p.) and Bangladesh (-15.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), with a combined 91% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +10.6%, 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

The import price in Southern Asia stood at $X per unit in 2022, surging by 12% against the previous year. In general, the import price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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