Bangladesh - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Bangladesh - 2022
Contents:
- Plastic Closure Price in Bangladesh (CIF) - 2022
- Plastic Closure Price in Bangladesh (FOB) - 2022
- Plastic Closure Imports in Bangladesh
- Plastic Closure Exports in Bangladesh
Plastic Closure Price in Bangladesh (CIF) - 2022
The average plastic closure import price stood at $5,255 per ton in 2022, dropping by -5.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. The import price peaked at $5,624 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +17.5% per year.
Plastic Closure Price in Bangladesh (FOB) - 2022
In 2022, the average plastic closure export price amounted to $3,957 per ton, dropping by -2.6% against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49% against the previous year. The export price peaked at $5,398 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($6,111 per ton), while the average price for exports to Nepal ($1,625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+25.4%), while the prices for the other major destinations experienced mixed trend patterns.
Plastic Closure Imports in Bangladesh
In 2022, plastic closure imports into Bangladesh reduced slightly to 1.6K tons, with a decrease of -3.1% compared with the year before. Overall, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 6.7%.
In value terms, plastic closure imports reduced to $8.5M in 2022. In general, imports saw a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of $9.3M, and then contracted in the following year.
| Import of Plastic Closure in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.9 | 7.7 | 9.3 | 8.5 | -1.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.9 | 7.7 | 9.3 | 8.5 | -1.5% |
Top Suppliers of Plastic Closure to Bangladesh in 2022:
- United Arab Emirates (1.6K tons)
Plastic Closure Exports in Bangladesh
After three years of growth, overseas shipments of plastic stoppers, caps and closures decreased by -5.4% to 89 tons in 2022. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of 94 tons, and then fell in the following year.
In value terms, plastic closure exports shrank to $350K in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. As a result, the exports attained the peak of $380K, and then contracted in the following year.
| Export of Plastic Closure in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.6 | 105 | 113 | 175 | 26.9% |
| France | 23.4 | 46.5 | 51.7 | 43.8 | 23.2% |
| Egypt | N/A | N/A | N/A | 15.8 | 0% |
| Nepal | N/A | N/A | 25.4 | 13.3 | -47.6% |
| Belgium | 8.1 | 4.2 | 7.0 | 10.5 | 9.0% |
| Pakistan | N/A | N/A | 12.2 | 7.2 | -41.0% |
| China | 0.5 | 5.5 | 1.6 | 6.5 | 135.1% |
| Kuwait | N/A | 5.4 | 19.1 | 4.8 | -5.7% |
| India | 28.6 | 3.0 | 14.5 | 4.3 | -46.8% |
| Saudi Arabia | 97.7 | 22.6 | 41.1 | N/A | -35.1% |
| Others | 67.1 | 129 | 94.4 | 68.9 | 0.9% |
| Total | 311 | 320 | 380 | 350 | 4.0% |
Top Export Markets for Plastic Closure from Bangladesh in 2022:
- United States (40.5 tons)
- France (10.8 tons)
- Nepal (8.2 tons)
- China (2.9 tons)
- Belgium (2.7 tons)
- Egypt (2.6 tons)
- India (2.6 tons)
- Kuwait (1.6 tons)
- Pakistan (1.5 tons)
This report provides an in-depth analysis of the plastic closure market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
Country coverage:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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