Bangladesh: Silk Yarn Market 2021

Silk Yarn Market Size in Bangladesh

In 2019, the Bangladeshi silk yarn market decreased by -X% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption recorded a pronounced curtailment. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Bangladesh

In value terms, silk yarn production contracted to $X in 2019 estimated in export prices. In general, production recorded a deep setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2016 to 2019, production growth failed to regain the momentum.

Silk Yarn Exports

Exports from Bangladesh

In 2019, exports of silk yarn from Bangladesh declined notably to X kg, which is down by -X% against 2018. Over the period under review, exports, however, showed a significant expansion. Exports peaked at X tons in 2018, and then contracted rapidly in the following year.

In value terms, silk yarn exports fell remarkably to $X in 2019. In general, exports, however, saw a significant increase. Exports peaked at $X in 2018, and then fell notably in the following year.

Exports by Country

Myanmar (X kg) was the main destination for silk yarn exports from Bangladesh, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Myanmar stood at -X%.

In value terms, Myanmar ($X) also remains the key foreign market for silk yarn exports from Bangladesh.

From 2007 to 2019, the average annual growth rate of value to Myanmar stood at -X%.

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price showed a abrupt downturn. Over the period under review, average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2007 to 2019, the rate of growth in terms of prices for Myanmar amounted to -X% per year.

Silk Yarn Imports

Imports into Bangladesh

Silk yarn imports into Bangladesh fell rapidly to X tons in 2019, reducing by -X% on 2018 figures. Overall, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, silk yarn imports declined slightly to $X in 2019. Over the period under review, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2013 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X kg) constituted the largest supplier of silk yarn to Bangladesh, with a X% share of total imports. Moreover, silk yarn imports from the U.S. exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. India (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of silk yarn to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (-X% per year).

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2014 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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