Southern Asia: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in Southern Asia

The South Asian semi-chemical fluting market totaled $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Semi-Chemical Fluting Production in Southern Asia

In value terms, semi-chemical fluting production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 19%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Semi-Chemical Fluting Exports

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of semi-chemical fluting, when their volume increased by 13% to X tons. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 363%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, semi-chemical fluting exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 299% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India was the key exporting country with an export of around X tons, which accounted for 78% of total exports. It was distantly followed by Sri Lanka (X tons), achieving an 18% share of total exports. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the semi-chemical fluting exports, with a CAGR of +54.0% from 2012 to 2021. At the same time, Sri Lanka (+42.5%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of India and Sri Lanka increased by +53 and +6.1 percentage points, respectively.

In value terms, India ($X) remains the largest semi-chemical fluting supplier in Southern Asia, comprising 76% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +56.8%. In the other countries, the average annual rates were as follows: Sri Lanka (+47.4% per year) and Pakistan (+2.1% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 58% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.4%), while the other leaders experienced more modest paces of growth.

Semi-Chemical Fluting Imports

Imports in Southern Asia

In 2021, after two years of growth, there was significant decline in purchases abroad of semi-chemical fluting, when their volume decreased by -14.3% to X tons. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 84% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, semi-chemical fluting imports soared to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 105% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Bangladesh (X tons) was the main importer of semi-chemical fluting, constituting 75% of total imports. India (X tons) ranks second in terms of the total imports with a 12% share, followed by Sri Lanka (10%). Pakistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to semi-chemical fluting imports into Bangladesh stood at +1.5%. At the same time, India (+15.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.2% from 2012-2021. Pakistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (-7.4%) illustrated a downward trend over the same period. While the share of India (+8.2 p.p.) and Bangladesh (+4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-12.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported semi-chemical fluting in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by Sri Lanka, with a 9% share.

From 2012 to 2021, the average annual growth rate of value in Bangladesh amounted to +4.7%. The remaining importing countries recorded the following average annual rates of imports growth: India (+15.3% per year) and Sri Lanka (-5.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, jumping by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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