Bangladesh: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Bangladesh

In 2023, the Bangladeshi market for non-woven, felt and coated textile garments was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Non-Woven, Felt and Coated Textile Garments in Bangladesh

In value terms, production of non-woven, felt and coated textile garments stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports from Bangladesh

After two years of growth, shipments abroad of non-woven, felt and coated textile garments decreased by X% to X units in 2023. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X units in 2022, and then fell slightly in the following year.

In value terms, exports of non-woven, felt and coated textile garments shrank to $X in 2023. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of exports of non-woven, felt and coated textile garments from Bangladesh, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-woven, felt and coated textile garment exported from Bangladesh were Germany ($X), the United States ($X) and Canada ($X), together comprising X% of total exports. Poland, the UK, the Netherlands, Belgium and Turkey lagged somewhat behind, together accounting for a further X%.

The Netherlands, 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 export price for non-woven, felt and coated textile garments stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports into Bangladesh

In 2023, purchases abroad of non-woven, felt and coated textile garments decreased by X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of non-woven, felt and coated textile garments surged to $X in 2023. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of non-woven, felt and coated textile garment to Bangladesh, accounting for a X% share of total imports. Moreover, imports of non-woven, felt and coated textile garments from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

In value terms, China ($X), the UK ($X) and the United States ($X) constituted the largest non-woven, felt and coated textile garment suppliers to Bangladesh, with a combined X% share of total imports.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-woven, felt and coated textile garments stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, 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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform