Price for Clothing; Parts, Knitted or Crocheted in Bangladesh - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Bangladesh (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Bangladesh (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Bangladesh
4. Exports of Clothing; Parts, Knitted or Crocheted in Bangladesh

Price for Clothing; Parts, Knitted or Crocheted in Bangladesh (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $11,996 per ton in 2022, reducing by -16.3% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted import price increased by +10.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $14,335 per ton, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($21,528 per ton), while the price for the United Arab Emirates ($609 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Bangladesh (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $23,651 per ton, increasing by 22% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $30,455 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($65,762 per ton), while the average price for exports to Malaysia ($2,136 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 Spain (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clothing; Parts, Knitted or Crocheted in Bangladesh

In 2022, approx. 967 tons of clothing; parts, knitted or crocheted were imported into Bangladesh; approximately mirroring the year before. Overall, imports, however, showed a slight reduction. The growth pace was the most rapid in 2021 when imports increased by 25%.

In value terms, clothing; parts, knitted or crocheted imports declined sharply to $12M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports attained the peak of $14M, and then shrank rapidly in the following year.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Bangladesh in 2022:

1. China (807.4 tons)
2. United Arab Emirates (66.6 tons)
3. Taiwan (Chinese) (40.8 tons)
4. India (38.9 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in shipments abroad of clothing; parts, knitted or crocheted, which increased by 7.1% to 61 tons in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 33%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, clothing; parts, knitted or crocheted exports soared to $1.4M in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 44%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Bangladesh in 2022:

1. Singapore (25.5 tons)
2. Sri Lanka (7.9 tons)
3. Canada (7.5 tons)
4. Malaysia (7.1 tons)
5. China (5.7 tons)
6. Germany (1.7 tons)
7. Austria (1.6 tons)
8. Spain (0.4 tons)

Source: IndexBox Market Intelligence Platform