Southern Asia: Sisal Binder Market 2025

Sisal Binder Market Size in Southern Asia

The South Asian sisal binder market reached $X in 2022, leveling off at the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -1.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Sisal Binder Production in Southern Asia

In value terms, sisal binder production reached $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -5.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Sisal Binder Exports

Exports in Southern Asia

In 2022, overseas shipments of sisal binder or baler (agricultural) twines increased by 6.5% to X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 74% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sisal binder exports expanded slightly to $X in 2022. Overall, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 when exports increased by 75%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nepal prevails in exports structure, reaching X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Bangladesh (X tons), generating an 8.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sisal binder exports from Nepal stood at -8.1%. Bangladesh (-1.6%) illustrated a downward trend over the same period. Bangladesh (+4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) remains the largest sisal binder supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nepal amounted to -4.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, flattening at the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sisal binder export price increased by +57.5% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 26%. The level of export peaked at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Nepal stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.9%).

Sisal Binder Imports

Imports in Southern Asia

In 2022, purchases abroad of sisal binder or baler (agricultural) twines was finally on the rise to reach X tons after two years of decline. In general, imports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 2,854%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports stood at $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 554% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nepal (X tons) and Afghanistan (X tons) represented roughly 75% of total imports in 2022. India (X tons) ranks next in terms of the total imports with an 18% share, followed by Pakistan (5.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +28.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Nepal ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together comprising 82% of total imports.

Nepal, with a CAGR of +25.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -1.9% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 50% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Afghanistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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