Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Bangladesh - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Bangladesh (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Bangladesh
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Bangladesh (CIF) - 2022
The average import price for fibres; synthetic filament tow, acrylic or modacrylics stood at $3,047 per ton in 2022, declining by -21.2% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs at $3,866 per ton in 2021, and then dropped remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,552 per ton), while the price for Portugal ($993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Bangladesh
In 2022, imports of fibres; synthetic filament tow, acrylic or modacrylics into Bangladesh soared to 17K tons, with an increase of 28% on the year before. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics amounted to $52M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.3 | 13.5 | 18.4 | 20.6 | 15.7% |
| Japan | 12.6 | 12.5 | 16.1 | 10.2 | -6.8% |
| China | 5.4 | 2.7 | 2.8 | 9.6 | 21.1% |
| South Korea | 1.9 | 1.4 | 9.7 | 8.7 | 66.1% |
| Thailand | 1.6 | 0.2 | 2.1 | 1.0 | -14.5% |
| Portugal | 1.2 | 0.9 | 0.9 | 0.7 | -16.4% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.5 | 0.5 | 0.0% |
| Others | 0.9 | 0.8 | 1.1 | 0.7 | -8.0% |
| Total | 37.3 | 32.3 | 51.5 | 52.1 | 11.8% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to Bangladesh in 2022:
- China (5.1K tons)
- South Korea (4.5K tons)
- Germany (3.8K tons)
- Japan (1.8K tons)
- Portugal (0.7K tons)
- Thailand (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
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