Bangladesh: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Bangladesh

The Bangladeshi primary fiber crops market reduced to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a strong expansion. Primary fiber crops consumption peaked at $X in 2021, and then fell in the following year.

Primary Fiber Crops Production in Bangladesh

In value terms, primary fiber crops production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Primary Fiber Crops Exports

Exports from Bangladesh

Primary fiber crops exports from Bangladesh dropped to X tons in 2022, falling by X% compared with the year before. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary fiber crops exports reduced slightly to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Pakistan (X tons) and China (X tons) were the main destinations of primary fiber crops exports from Bangladesh, with a combined X% share of total exports. Nepal, Uganda, Brazil, Djibouti and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for primary fiber crops exported from Bangladesh were India ($X), Pakistan ($X) and China ($X), with a combined X% share of total exports. Brazil, Nepal, Cote d'Ivoire, Djibouti and Uganda lagged somewhat behind, together accounting for a further X%.

Djibouti, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Uganda ($X 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 Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Primary Fiber Crops Imports

Imports into Bangladesh

In 2022, supplies from abroad of fiber crops (primary) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, primary fiber crops imports reduced rapidly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

India (X tons), Brazil (X tons) and Benin (X tons) were the main suppliers of primary fiber crops imports to Bangladesh, with a combined X% share of total imports. The United States, Cote d'Ivoire, Australia and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Brazil ($X) and the United States ($X) constituted the largest primary fiber crops suppliers to Bangladesh, with a combined X% share of total imports. Benin, Australia, Cote d'Ivoire and Turkey lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a mild curtailment. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Australia ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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