Southern Asia: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Southern Asia

The South Asian walking-sticks and whips market shrank modestly to $X in 2021, waning by -3.6% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.7% against 2019 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Southern Asia

In value terms, walking-sticks and whips production shrank to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.9% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 62% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports in Southern Asia

Walking-sticks and whips exports amounted to X tons in 2021, standing approx. at the previous year. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 4,122%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, walking-sticks and whips exports soared to $X in 2021. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 3,751% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan represented the major exporting country with an export of around X tons, which reached 56% of total exports. It was distantly followed by India (X tons) and Bangladesh (X tons), together making up a 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bangladesh (with a CAGR of -2.1%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest walking-sticks and whips supplying countries in Southern Asia were Pakistan ($X), India ($X) and Bangladesh ($X), together comprising 99% of total exports.

Pakistan, with a CAGR of +7.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 19% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 251%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.0%), while the other leaders experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports in Southern Asia

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops imported in Southern Asia skyrocketed to X tons, picking up by 61% compared with 2020 figures. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 74%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, walking-sticks and whips imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bangladesh (X tons) was the main importer of walking-sticks, seat-sticks, whips and riding-crops, comprising 69% of total imports. It was distantly followed by India (X tons), Sri Lanka (X tons) and Afghanistan (X tons), together creating a 24% share of total imports. Pakistan (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to walking-sticks and whips imports into Bangladesh stood at +46.7%. At the same time, Afghanistan (+53.8%), Pakistan (+26.5%), Sri Lanka (+22.5%) and India (+13.5%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +53.8% from 2012-2021. Nepal experienced a relatively flat trend pattern. From 2012 to 2021, the share of Bangladesh and Afghanistan increased by +47 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 85% of total imports. These countries were followed by Sri Lanka, Nepal and Afghanistan, which together accounted for a further 14%.

Among the main importing countries, Afghanistan, with a CAGR of +46.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, shrinking by -4.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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