Bangladesh: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Bangladesh

In 2022, the Bangladeshi natural rubber and gum market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a buoyant increase 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 increased by X% against 2020 indices. Natural rubber and gum consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Bangladesh

In value terms, natural rubber and gum production declined to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The growth pace was the most rapid in 2013 when the production volume increased by X%. Natural rubber and gum production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of natural rubber and gums in Bangladesh fell modestly to X kg per ha in 2022, remaining relatively unchanged against the year before. Over the period under review, the yield indicated a remarkable increase from 2012 to 2022: its figure 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, natural rubber and gum yield decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the yield increased by X%. The natural rubber and gum yield peaked at X kg per ha in 2014; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of natural rubber and gums were harvested in Bangladesh; growing by X% on the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production attained the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Exports of Natural Rubber And Gums

Exports from Bangladesh

After three years of growth, shipments abroad of natural rubber and gums decreased by X% to X tons in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports contracted to $X in 2022. Over the period under review, exports recorded a sharp downturn. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for natural rubber and gum exports from Bangladesh, with a X% share of total exports. Moreover, natural rubber and gum exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, China ($X), Malaysia ($X) and South Korea ($X) were the largest markets for natural rubber and gum exported from Bangladesh worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2018 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 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Bangladesh

In 2022, approx. X tons of natural rubber and gums were imported into Bangladesh; declining by X% on 2021. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, natural rubber and gum imports contracted to $X in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared 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, Thailand (X tons) constituted the largest natural rubber and gum supplier to Bangladesh, with a X% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and South Korea (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of natural rubber and gums to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Sri Lanka, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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