Southern Asia: Prepared Drier Market 2024

Prepared Drier Market Size in Southern Asia

In 2022, the South Asian prepared drier market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Prepared Drier Production in Southern Asia

In value terms, prepared drier production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Prepared Drier Exports

Exports in Southern Asia

In 2022, after six years of growth, there was significant decline in shipments abroad of prepared driers, when their volume decreased by X% to X tons. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, prepared drier exports fell to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The biggest shipments were from India (X tons), together recording X% of total export.

India was also the fastest-growing in terms of the prepared driers exports, with a CAGR of X% 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 prepared drier supplier in Southern Asia.

In India, prepared drier exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 X% per year.

Prepared Drier Imports

Imports in Southern Asia

After two years of growth, supplies from abroad of prepared driers decreased by X% to X tons in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, prepared drier imports fell to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Bangladesh was the largest importer of prepared driers in Southern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. India (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%) and Nepal (X%). Sri Lanka (X tons) followed a long way behind the leaders.

Imports into Bangladesh increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%) and India (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.), India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nepal and Sri Lanka lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, recorded a slight decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :