Southern Asia: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Southern Asia

In 2021, the South Asian market for nets of twine, cordage, rope or textile materials decreased by -10% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, posted a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Southern Asia

In value terms, twine, cordage or textile net production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Southern Asia

In 2021, approx. X tons of nets of twine, cordage, rope or textile materials were exported in Southern Asia; increasing by 53% compared with 2020 figures. Overall, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine, cordage or textile net exports surged to $X in 2021. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, India (X tons) was the major exporter of nets of twine, cordage, rope or textile materials, achieving 66% of total exports. Sri Lanka (X tons) took the second position in the ranking, distantly followed by Bangladesh (X tons) and Pakistan (X tons). All these countries together took approx. 34% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to twine, cordage or textile net exports from India stood at +8.8%. At the same time, Bangladesh (+43.2%), Pakistan (+28.5%) and Sri Lanka (+13.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +43.2% from 2012-2021. From 2012 to 2021, the share of Bangladesh, Pakistan and Sri Lanka increased by +9.4, +4.3 and +2.2 percentage points, respectively.

In value terms, India ($X) remains the largest twine, cordage or textile net supplier in Southern Asia, comprising 66% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 25% share of total exports. It was followed by Bangladesh, with a 5.7% share.

In India, twine, cordage or textile net exports expanded at an average annual rate of +6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+12.3% per year) and Bangladesh (+45.7% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, waning by -20.4% against the previous year. Over the period under review, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of 16%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in supplies from abroad of nets of twine, cordage, rope or textile materials, which increased by 11% to X tons in 2021. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, twine, cordage or textile net imports reached $X in 2021. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 31%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

India was the largest importer of nets of twine, cordage, rope or textile materials in Southern Asia, with the volume of imports accounting for X tons, which was near 59% of total imports in 2021. Pakistan (X tons) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (9.3%). The following importers - Sri Lanka (X tons) and Nepal (X tons) - each resulted at a 3.5% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to twine, cordage or textile net imports into India stood at +21.6%. At the same time, Bangladesh (+27.6%), Nepal (+21.9%) and Pakistan (+10.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +27.6% from 2012-2021. By contrast, Sri Lanka (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Bangladesh increased by +19 and +5.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported nets of twine, cordage, rope or textile materials in Southern Asia, comprising 69% of total imports. The second position in the ranking was held by Pakistan ($X), with a 17% share of total imports. It was followed by Bangladesh, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +12.4%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+6.2% per year) and Bangladesh (+14.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, reducing by -4.2% against the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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