Bangladesh: Sail Market 2021

Sail Market Size in Bangladesh

The Bangladeshi sail market expanded slightly to $X in 2020, surging by X% against the previous year. Overall, the total consumption indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 when the market value increased by X% y-o-y. Sail consumption peaked at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Sail Production in Bangladesh

In value terms, sail production rose to $X in 2020 estimated in export prices. In general, the total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Sail production peaked at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Sail Exports

Exports from Bangladesh

In 2020, the amount of sails exported from Bangladesh contracted to X kg, with a decrease of -X% on the previous year's figure. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. As a result, exports attained the peak of X kg. from 2010 to 2020, the growth exports remained at a lower figure.

In value terms, sail exports reduced to $X in 2020. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Ireland (X kg) was the main destination for sail exports from Bangladesh, with a X% share of total exports. Moreover, sail exports to Ireland exceeded the volume sent to the second major destination, Germany (X kg), sevenfold.

From 2007 to 2020, the average annual growth rate of volume to Ireland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Africa (X% per year).

In value terms, Ireland ($X) remains the key foreign market for sail exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Africa (X% per year).

Export Prices by Country

The average sail export price stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Ireland ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ireland, while the prices for the other major destinations experienced more modest paces of growth.

Sail Imports

Imports into Bangladesh

In 2020, purchases abroad of sails decreased by -X% to X kg for the first time since 2014, thus ending a five-year rising trend. Over the period under review, imports saw a significant decline. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, sail imports fell sharply to $X in 2020. In general, imports showed a precipitous setback. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X kg) was the main sail supplier to Bangladesh, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of sail to Bangladesh.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

The average sail import price stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price, however, saw a dramatic shrinkage. The pace of growth was the most pronounced in 2009 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox Platform