Bangladesh: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Bangladesh

The Bangladeshi unvulcanized rubber market fell rapidly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Unvulcanized Rubber Exports

Exports from Bangladesh

Unvulcanized rubber exports from Bangladesh expanded notably to X tons in 2022, rising by X% against the previous year's figure. Overall, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, unvulcanized rubber exports amounted to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Fiji (X tons), Hong Kong SAR (X tons) and Japan (X tons) were the main destinations of unvulcanized rubber exports from Bangladesh, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), Hong Kong SAR ($X) and Bosnia and Herzegovina ($X) were the largest markets for unvulcanized rubber exported from Bangladesh worldwide, with a combined X% share of total exports.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2022, the average unvulcanized rubber 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 mild reduction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Hong Kong SAR ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Bangladesh

In 2022, the amount of unvulcanized rubber and articles thereof imported into Bangladesh declined significantly to X tons, waning by X% against the previous year. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, unvulcanized rubber imports declined sharply to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of unvulcanized rubber to Bangladesh, with a X% share of total imports. Moreover, unvulcanized rubber imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. China (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Malaysia ($X) constituted the largest supplier of unvulcanized rubber and articles thereof to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average unvulcanized rubber import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and India ($X per ton), while the price for Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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