Bangladesh: Spun Yarn Market 2021

Spun Yarn Market Size in Bangladesh

In 2019, the Bangladeshi spun yarn market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the immediate term.

Spun Yarn Exports

Exports from Bangladesh

In 2019, exports of yarn spun from silk waste from Bangladesh stood at X kg, standing approx. at 2018 figures. Overall, exports posted a significant expansion. Over the period under review, exports hit record highs at X kg in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, spun yarn exports stood at $X in 2019. In general, exports recorded a prominent increase. Exports peaked at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for spun yarn exports from Bangladesh, accounting for a approx. X% share of total exports.

From 2007 to 2013, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2007 to 2013, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2013, the average spun yarn export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a sharp decrease. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2013, export prices failed to regain the momentum.

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

From 2007 to 2013, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Spun Yarn Imports

Imports into Bangladesh

Spun yarn imports into Bangladesh dropped to X tons in 2019, reducing by -X% on the previous year. In general, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, spun yarn imports soared to $X in 2019. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X tons) was the main supplier of spun yarn to Bangladesh, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of spun yarn to Bangladesh.

From 2007 to 2019, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

In 2019, the average spun yarn import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw prominent growth. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. The import price peaked in 2019 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Market Intelligence Platform

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