Bangladesh: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Bangladesh

In 2023, after two years of decline, there was significant growth in the Bangladeshi market for flexible tubes, pipes and hoses of plastics, without fittings, when its value increased by X% to $X. Overall, consumption, however, showed a mild slump. Consumption of peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Bangladesh

In 2023, exports of flexible tubes, pipes and hoses of plastics, without fittings from Bangladesh reduced sharply to X tons, waning by X% compared with 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings contracted remarkably to $X in 2023. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Paraguay (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Bangladesh, accounting for a X% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Paraguay exceeded the volume sent to the second major destination, Japan (X kg), eightfold.

From 2012 to 2023, the average annual growth rate of volume to Paraguay stood at X%.

In value terms, Paraguay ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Paraguay stood at X%.

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2023, approximately reflecting the previous year. In general, the export price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%).

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Bangladesh

In 2023, after two years of decline, there was significant growth in purchases abroad of flexible tubes, pipes and hoses of plastics, without fittings, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a pronounced curtailment. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings surged to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, Italy (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, without fittings supplier to Bangladesh, accounting for a X% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Bangladesh were Italy ($X), China ($X) and India ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, shrinking by X% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2023: its price 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, import price for flexible tubes, pipes and hoses of plastics, without fittings increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform