Southern Asia: Ether Market 2024

Ether Market Size in Southern Asia

The South Asian ether market contracted to $X in 2022, remaining constant against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ether Production in Southern Asia

In value terms, ether production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ether Exports

Exports in Southern Asia

Ether exports expanded significantly to X tons in 2022, picking up by 9.7% against 2021. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 65%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ether exports soared to $X in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 52%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, India (X tons) was the largest exporter of ethers in Southern Asia, achieving 99.9% of total export.

India was also the fastest-growing in terms of the ethers exports, with a CAGR of +8.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ether supplier in Southern Asia.

In India, ether exports expanded at an average annual rate of +8.3% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 15% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 22% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.6% per year.

Ether Imports

Imports in Southern Asia

In 2022, supplies from abroad of ethers increased by 16% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.7% 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 +24.4% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 20%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ether imports skyrocketed to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +56.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India represented the largest importer of ethers in Southern Asia, with the volume of imports finishing at X tons, which was approx. 81% of total imports in 2022. It was distantly followed by Pakistan (X tons), committing a 14% share of total imports. Bangladesh (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ether imports into India stood at +7.4%. At the same time, Bangladesh (+10.5%) and Pakistan (+10.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +10.5% from 2012-2022. Pakistan (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -2.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported ethers in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Pakistan ($X), with an 8.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.2%. In the other countries, the average annual rates were as follows: Pakistan (+7.6% per year) and Bangladesh (+9.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by 5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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