Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh - 2022

Contents:

1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh (FOB) - 2022
2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh (CIF) - 2022
3. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh
4. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh (FOB) - 2022

In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $168 per unit, dropping by -22.9% against the previous year. Overall, the export price, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $795 per unit. From 2021 to 2022, the average 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 the United States ($530 per unit), while the average price for exports to Belgium ($55 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+74.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh (CIF) - 2022

The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $304 per unit in 2022, increasing by 26% against the previous year. Over the period under review, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 90% against the previous year. The import price peaked at $610 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($952 per unit), while the price for China totaled $270 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh

Exports of articles of apparel, clothing accessories and other articles of furskin from Bangladesh surged to 1.4K units in 2022, with an increase of 25% on the previous year. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 293%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin contracted to $239K in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. The exports peaked at $248K in 2021, and then declined slightly in the following year.

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Bangladesh in 2022:

1. United Arab Emirates (1128.0 units)
2. United States (217.0 units)
3. Belgium (7.0 units)

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Bangladesh

In 2022, imports of articles of apparel, clothing accessories and other articles of furskin into Bangladesh contracted to 547 units, remaining relatively unchanged against the previous year. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year. Imports peaked at 854 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin surged to $167K in 2022. In general, imports recorded a precipitous descent. Over the period under review, imports of attained the peak figure at $375K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Bangladesh in 2022:

1. China (498.0 units)
2. South Korea (31.0 units)

Source: IndexBox Market Intelligence Platform