Bangladesh: Glass Fiber Market 2022

Glass Fiber Market Size in Bangladesh

After four years of growth, the Bangladeshi glass fiber market decreased by -X% to $X in 2021. In general, consumption, however, posted a significant increase. Glass fiber consumption peaked at $X in 2020, and then shrank in the following year.

Glass Fiber Exports

Exports from Bangladesh

In 2021, overseas shipments of voiles, webs, mats and other articles of glass fibers increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, glass fiber exports rose slightly to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for glass fiber exports from Bangladesh, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Switzerland was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Switzerland was relatively modest.

Export Prices by Country

In 2021, the average glass fiber export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to X% per year.

Glass Fiber Imports

Imports into Bangladesh

In 2021, after four years of growth, there was decline in purchases abroad of voiles, webs, mats and other articles of glass fibers, when their volume decreased by -X% to X tons. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020, and then declined in the following year.

In value terms, glass fiber imports shrank to $X in 2021. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of glass fiber to Bangladesh, with a X% share of total imports. Moreover, glass fiber imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (+X% per year).

In value terms, India ($X) constituted the largest supplier of glass fiber to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average glass fiber import price stood at $X per ton in 2021, falling by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform