Southern Asia: Prepared Binders Market 2025

Prepared Binders Market Size in Southern Asia

In 2021, the South Asian prepared binders market decreased by -1% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, recorded a remarkable increase. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Prepared Binders Production in Southern Asia

In value terms, prepared binders production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The growth pace was the most rapid in 2018 when the production volume increased by 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Prepared Binders Exports

Exports in Southern Asia

In 2021, overseas shipments of prepared binders for foundry moulds or cores were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared binders exports surged to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) was the largest exporter of prepared binders for foundry moulds or cores in Southern Asia, committing 100% of total export.

India was also the fastest-growing in terms of the prepared binders for foundry moulds or cores exports, with a CAGR of +8.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +4.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, shrinking by -5.2% against the previous year. Over the period under review, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2014 when the export price increased by 8.8% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -3.8% per year.

Prepared Binders Imports

Imports in Southern Asia

After two years of decline, overseas purchases of prepared binders for foundry moulds or cores increased by 53% to X tons in 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of 94%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, prepared binders imports surged to $X in 2021. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, amounting to X tons, which was near 84% of total imports in 2021. It was distantly followed by Pakistan (X tons), creating a 9.6% share of total imports. Bangladesh (X tons) and Sri Lanka (X tons) took a little share of total imports.

India was also the fastest-growing in terms of the prepared binders for foundry moulds or cores imports, with a CAGR of +26.4% from 2012 to 2021. At the same time, Pakistan (+26.1%), Bangladesh (+11.8%) and Sri Lanka (+7.4%) displayed positive paces of growth. India (+13 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Bangladesh saw its share reduced by -5.2% and -6.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported prepared binders for foundry moulds or cores in Southern Asia, comprising 83% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 9.8% share of total imports. It was followed by Bangladesh, with a 4.5% share.

In India, prepared binders imports expanded at an average annual rate of +15.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+11.4% per year) and Bangladesh (+6.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 24% against the previous year. Overall, the import price, however, showed a abrupt descent. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Pakistan ($X per ton) and Bangladesh ($X per ton), while Sri Lanka ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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