Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.3 per square meter, falling by -10.3% against the previous year. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $0.5 per square meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1.1 per square meter), while the price for China ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, jumping by 30% against the previous year. In general, the export price saw a pronounced increase. The pace of growth appeared the most rapid in 2021 an increase of 45%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1 per square meter), while the average price for exports to the Netherlands ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh

In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses imported into Bangladesh shrank dramatically to 15M square meters, waning by -24.2% on the year before. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Imports peaked at 20M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses declined rapidly to $4.6M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 4.3% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses reached the peak figure at $6.8M in 2021, and then reduced dramatically in the following year.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Bangladesh in 2022:

1. China (13.8M square meters)
2. India (0.4M square meters)
3. South Korea (0.3M square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Bangladesh

In 2022, overseas shipments of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -57.7% to 51K square meters, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 171% against the previous year. As a result, the exports attained the peak of 1.2M square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses fell remarkably to $23K in 2022. In general, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 150% against the previous year. As a result, the exports reached the peak of $297K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Bangladesh in 2022:

1. France (19.7K square meters)
2. Netherlands (18.3K square meters)
3. Germany (7.6K square meters)
4. Austria (4.9K square meters)

Source: IndexBox Market Intelligence Platform