Southern Asia: Filter Paper Market 2024

Filter Paper Market Size in Southern Asia

For the third year in a row, the South Asian filter paper market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Filter Paper Production in Southern Asia

In value terms, filter paper production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Filter Paper Exports

Exports in Southern Asia

In 2023, exports of filter paper and paperboard cut to shape in Southern Asia soared to X tons, rising by X% compared with the previous year. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, filter paper exports surged to $X in 2023. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in years to come.

Exports by Country

India was the key exporter of filter paper and paperboard cut to shape in Southern Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Sri Lanka (X tons), constituting a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Sri Lanka (with a CAGR of X%).

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

From 2012 to 2023, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, filter paper export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Filter Paper Imports

Imports in Southern Asia

In 2023, imports of filter paper and paperboard cut to shape in Southern Asia expanded rapidly to X tons, with an increase of X% compared with 2022 figures. Total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, filter paper imports rose remarkably to $X in 2023. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in years to come.

Imports by Country

India represented the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Sri Lanka (X tons), Bangladesh (X tons) and Pakistan (X tons), together making up a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to filter paper imports into India stood at X%. At the same time, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported filter paper and paperboard cut to shape in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports. It was followed by Bangladesh, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform