Southern Asia: Twig Broom Market 2024

Twig Broom Market Size in Southern Asia

In 2022, the South Asian twig broom market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Twig Broom Production in Southern Asia

In value terms, twig broom production declined slightly to $X in 2022 estimated in export price. Overall, production showed modest growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Twig Broom Exports

Exports in Southern Asia

In 2022, approx. X units of brooms and brushes of twigs were exported in Southern Asia; surging by X% compared with the previous year. Overall, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, twig broom exports surged to $X in 2022. Over the period under review, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sri Lanka represented the key exporter of brooms and brushes of twigs in Southern Asia, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), making up a X% share of total exports. Pakistan (X units) followed a long way behind the leaders.

Exports from Sri Lanka increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and India (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Sri Lanka amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while India ($X per unit) was amongst the lowest.

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

Twig Broom Imports

Imports in Southern Asia

In 2022, overseas purchases of brooms and brushes of twigs decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, twig broom imports soared to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2022. Nepal (X units) and Pakistan (X units) took a relatively small share of total imports.

India was also the fastest-growing in terms of the brooms and brushes of twigs imports, with a CAGR of X% from 2012 to 2022. Nepal (X%) and Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal and Pakistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported brooms and brushes of twigs in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports.

In India, twig broom imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nepal (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform