Price for Clothing; Parts, Knitted or Crocheted in Bangladesh - 2022
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Bangladesh (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Bangladesh (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in Bangladesh
- 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.
Import of Clothing; Parts, Knitted or Crocheted in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.3 | 5.4 | 11.9 | 9.7 | 9.9% |
Taiwan (Chinese) | 1.1 | 0.8 | 1.1 | 0.9 | -6.5% |
India | N/A | N/A | N/A | 0.3 | 0% |
United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
Others | 1.2 | 1.2 | 0.7 | 0.6 | -20.6% |
Total | 9.7 | 7.4 | 13.7 | 11.6 | 6.1% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Bangladesh in 2022:
- China (807.4 tons)
- United Arab Emirates (66.6 tons)
- Taiwan (Chinese) (40.8 tons)
- 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.
Export of Clothing; Parts, Knitted or Crocheted in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 6.3 | 361 | 712 | 868 | 416.5% |
Canada | 0.2 | 17.5 | 184 | 251 | 978.7% |
Austria | 11.8 | 1.2 | 0.4 | 104 | 106.6% |
China | 382 | 250 | 104 | 54.6 | -47.7% |
Germany | 1.9 | 42.9 | 9.0 | 43.4 | 183.7% |
Sri Lanka | N/A | 8.8 | 41.2 | 26.5 | 73.5% |
Malaysia | N/A | 11.7 | 4.3 | 15.1 | 13.6% |
Spain | 26.7 | 22.7 | 16.2 | 12.2 | -23.0% |
Others | 119 | 46.5 | 26.3 | 58.2 | -21.2% |
Total | 548 | 762 | 1,098 | 1,434 | 37.8% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Bangladesh in 2022:
- Singapore (25.5 tons)
- Sri Lanka (7.9 tons)
- Canada (7.5 tons)
- Malaysia (7.1 tons)
- China (5.7 tons)
- Germany (1.7 tons)
- Austria (1.6 tons)
- Spain (0.4 tons)
This report provides an in-depth analysis of the market for knitted shawl and scarf in Bangladesh.
This report provides an in-depth analysis of the global market for knitted shawl and scarf.
This report provides an in-depth analysis of the market for knitted shawl and scarf in Bangladesh.
This report provides an in-depth analysis of the global market for knitted shawl and scarf.
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In value terms, shawls, scarves, mufflers, mantillas andveils exports amounted to $X in 2016. Overall, shawls, scarves, mufflers, mantillas andveils exports continue to indicate a strong increase. ...
In value terms, shawls, scarves, mufflers, mantillas andveils imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an averag...
In value terms, shawls, scarves, mufflers, mantillas andveils exports amounted to $X in 2016. Overall, shawls, scarves, mufflers, mantillas andveils exports continue to indicate a strong increase. ...