Southern Asia: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Southern Asia

The South Asian market for boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2021, jumping by 29% against the previous year. In general, consumption posted a pronounced expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Southern Asia

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021 estimated in export price. Overall, production continues to indicate a notable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in Southern Asia

In 2021, the amount of boards, sheets, panels, tiles and similar articles of plaster not faced exported in Southern Asia soared to X square meters, with an increase of 20% compared with the previous year's figure. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 46%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced rose slightly to $X in 2021. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 132%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, India (X square meters) was the key exporter of boards, sheets, panels, tiles and similar articles of plaster not faced, mixing up 75% of total exports. It was distantly followed by Pakistan (X square meters), mixing up a 25% share of total exports.

India was also the fastest-growing in terms of the boards, sheets, panels, tiles and similar articles of plaster not faced exports, with a CAGR of +32.6% from 2012 to 2021. Pakistan (-22.8%) illustrated a downward trend over the same period. India (+73 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -72.4% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest board, sheet, panel, tile and similar article of plaster not faced supplier in Southern Asia, comprising 87% of total exports. The second position in the ranking was held by Pakistan ($X), with a 13% share of total exports.

In India, exports of boards, sheets, panels, tiles and similar articles of plaster not faced increased at an average annual rate of +23.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per square meter, declining by -15.4% against the previous year. Overall, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2016 an increase of 96%. The level of export peaked at $X per square meter in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per square meter), while Pakistan amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-2.0%).

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in Southern Asia

In 2021, the amount of boards, sheets, panels, tiles and similar articles of plaster not faced imported in Southern Asia surged to X square meters, growing by 34% against 2020. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 49% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 44% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India dominates faced structure, finishing at X square meters, which was near 92% of total imports in 2021. Nepal (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to board, sheet, panel, tile and similar article of plaster not faced imports into India stood at +18.9%. At the same time, Nepal (+36.7%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +36.7% from 2012-2021. India (+33 p.p.) and Nepal (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in Southern Asia, comprising 84% of total imports. The second position in the ranking was taken by Nepal ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +7.7%.

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when the import price increased by 16% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nepal ($X per square meter), while India stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (-5.6%).

Source: IndexBox Platform

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