Bangladesh: Men Swimwear Market 2024

Men Swimwear Market Size in Bangladesh

The Bangladeshi men swimwear market shrank remarkably to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Men Swimwear Production in Bangladesh

In value terms, men swimwear production declined slightly to $X in 2022 estimated in export price. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Men Swimwear Exports

Exports from Bangladesh

In 2022, the amount of mens swimwear (excluding of knitted or crocheted textiles) exported from Bangladesh soared to X units, picking up by X% compared with 2021 figures. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, men swimwear exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for men swimwear exports from Bangladesh, accounting for a X% share of total exports. Moreover, men swimwear exports to the United States exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was held by Australia (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for mens swimwear (excluding of knitted or crocheted textiles) exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average men swimwear export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked at $X per unit 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 Germany ($X per unit), while the average price for exports to Australia ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Men Swimwear Imports

Imports into Bangladesh

In 2022, imports of mens swimwear (excluding of knitted or crocheted textiles) into Bangladesh fell sharply to X units, dropping by X% compared with 2021. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, men swimwear imports shrank markedly to $X in 2022. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest men swimwear supplier to Bangladesh, accounting for a X% share of total imports. Moreover, men swimwear imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by Spain (X units), with a X% share.

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: India (X% per year) and Spain (X% per year).

In value terms, the largest men swimwear suppliers to Bangladesh were China ($X), Thailand ($X) and Spain ($X), together comprising X% of total imports.

Spain, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average men swimwear import price amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced dramatically in the following year.

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

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

Source: IndexBox Platform

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