Bangladesh: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Bangladesh

The Bangladeshi hand-woven tapestry market amounted to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Hand-Woven Tapestry Production in Bangladesh

In value terms, hand-woven tapestry production expanded rapidly to $X in 2022 estimated in export price. In general, production showed a prominent increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Hand-Woven Tapestry Exports

Exports from Bangladesh

In 2022, exports of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais from Bangladesh shrank markedly to X square meters, dropping by X% against 2021 figures. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-woven tapestry exports dropped significantly to $X in 2022. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X square meters) was the main destination for hand-woven tapestry exports from Bangladesh, with a X% share of total exports. Moreover, hand-woven tapestry exports to India exceeded the volume sent to the second major destination, Australia (X square meters), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled X%.

In value terms, the largest markets for hand-woven tapestry exported from Bangladesh were India ($X) and Australia ($X).

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average hand-woven tapestry export price amounted to $X per square meter, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Australia ($X per square meter), while the average price for exports to India stood at $X per square meter.

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

Hand-Woven Tapestry Imports

Imports into Bangladesh

After six years of decline, supplies from abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by X% to X square meters in 2022. In general, imports, however, saw a sharp reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hand-woven tapestry imports soared to $X in 2022. Over the period under review, imports, however, saw a dramatic decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of hand-woven tapestry to Bangladesh, with a X% share of total imports. Moreover, hand-woven tapestry imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average hand-woven tapestry import price amounted to $X per square meter, flattening at the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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