Southern Asia: Plaster Market 2024

Plaster Market Size in Southern Asia

The South Asian plaster market rose to $X in 2022, with an increase of 3% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 -0.5% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plaster Production in Southern Asia

In value terms, plaster production rose slightly to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 44% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plaster Exports

Exports in Southern Asia

In 2022, approx. X tons of plaster were exported in Southern Asia; growing by 24% against the previous year. Overall, exports saw a notable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 95% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plaster exports expanded notably to $X in 2022. In general, exports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2016 when exports increased by 49%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, resulting at X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Pakistan (X tons), constituting a 5.9% share of total exports.

India was also the fastest-growing in terms of the plaster exports, with a CAGR of +13.0% from 2012 to 2022. Pakistan (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +60 percentage points.

In value terms, India ($X) remains the largest plaster supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4% share of total exports.

In India, plaster exports expanded at an average annual rate of +9.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by -7.8% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 38%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.7%).

Plaster Imports

Imports in Southern Asia

In 2022, approx. X tons of plaster were imported in Southern Asia; with an increase of 45% against 2021 figures. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2013 when imports increased by 105% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plaster imports surged to $X in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

India prevails in imports structure, accounting for X tons, which was approx. 89% of total imports in 2022. It was distantly followed by Bangladesh (X tons), comprising a 5.5% share of total imports. Nepal (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the plaster imports, with a CAGR of +38.3% from 2012 to 2022. At the same time, Nepal (+18.4%) and Bangladesh (+13.0%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +39 percentage points.

In value terms, India ($X) constitutes the largest market for imported plaster in Southern Asia, comprising 84% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 9.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +25.7%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+8.2% per year) and Nepal (+10.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by -10.9% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2021 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 ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Bangladesh ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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