Bangladesh: Textile Tubing Market 2023

Textile Tubing Market Size in Bangladesh

In 2021, the Bangladeshi textile tubing market decreased by -11.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Textile Tubing Production in Bangladesh

In value terms, textile tubing production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Textile Tubing Exports

Exports from Bangladesh

In 2021, overseas shipments of textile hosepiping and similar textile tubing decreased by 0% to X kg, falling for the second consecutive year after two years of decline. In general, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 when exports increased by 1,281%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, textile tubing exports stood at $X in 2021. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2017 with an increase of 2,336%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Iceland (X kg) was the main destination for textile tubing exports from Bangladesh, with a 79% share of total exports. Moreover, textile tubing exports to Iceland exceeded the volume sent to the second major destination, Portugal (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iceland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Taiwan (Chinese) (0.0% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (0.0% per year) and Taiwan (Chinese) (0.0% per year).

Export Prices by Country

In 2021, the average textile tubing export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2017 an increase of 254%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Tubing Imports

Imports into Bangladesh

In 2021, approx. X tons of textile hosepiping and similar textile tubing were imported into Bangladesh; growing by 2% compared with 2020. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 125% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, textile tubing imports surged to $X in 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 128%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest textile tubing supplier to Bangladesh, accounting for a 87% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+22.3% per year) and India (+19.4% per year).

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Bangladesh, comprising 78% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 7% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+35.8% per year) and South Korea (+24.5% per year).

Import Prices by Country

In 2021, the average textile tubing import price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile tubing import price decreased by -21.2% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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