Southern Asia: 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 Southern Asia

In 2021, the South Asian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a resilient increase. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

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

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders totaled $X in 2021 estimated in export price. Over the period under review, production recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports in Southern Asia

In 2021, shipments abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by 32% to X tons, rising for the fifth year in a row after four years of decline. Overall, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 47%. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 55% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India was the largest exporting country with an export of about X tons, which accounted for 68% of total exports. It was distantly followed by Sri Lanka (X tons), creating a 31% share of total exports.

Exports from India decreased at an average annual rate of -10.2% from 2012 to 2021. At the same time, Sri Lanka (+24.7%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +24.7% from 2012-2021. While the share of Sri Lanka (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-28.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders supplier in Southern Asia, comprising 73% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 26% share of total exports.

In India, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by an average annual rate of -11.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, dropping by -10.7% against the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2014 an increase of 93% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-1.1%).

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

Imports in Southern Asia

In 2021, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders in Southern Asia soared to X tons, picking up by 58% against 2020. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 115% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders surged to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 51% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

India (X tons) and Pakistan (X tons) dominates binders structure, together generating 86% of total imports. It was distantly followed by Bangladesh (X tons), creating a 6.4% share of total imports. The following importers - Maldives (X tons) and Sri Lanka (X tons) - together made up 5.3% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +36.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2021, together comprising 84% of total imports.

Bangladesh, with a CAGR of +42.0%, 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

In 2021, the import price in Southern Asia amounted to $X per ton, with a decrease of -23.4% against the previous year. In general, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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