Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,716 per ton in 2022, jumping by 27% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) increased by +80.0% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 39% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,600 per ton), while the price for India ($2,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,557 per ton in 2022, declining by -33.5% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2021 an increase of 135%. As a result, the export price attained the peak level of $5,350 per ton, and then reduced sharply in the following year.
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 the Czech Republic ($9,279 per ton), while the average price for exports to Spain ($2,691 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 Poland (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh
In 2022, approx. 6.1K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into Bangladesh; shrinking by -34.7% on the year before. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 9.4K tons, and then reduced markedly in the following year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) shrank significantly to $23M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of $27M, and then reduced remarkably in the following year.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 17.5 | 23.2 | 19.9 | 12.2% |
| Malaysia | 0.1 | N/A | N/A | 0.6 | 81.7% |
| India | 1.4 | 0.9 | 0.9 | 0.4 | -34.1% |
| Others | 3.3 | 3.3 | 3.3 | 1.9 | -16.8% |
| Total | 18.9 | 21.7 | 27.4 | 22.7 | 6.3% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Bangladesh in 2022:
- China (5.5K tons)
- Malaysia (0.2K tons)
- India (0.2K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh
In 2022, overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were finally on the rise to reach 28 tons after two years of decline. Over the period under review, exports, however, showed a pronounced contraction.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $100K in 2022. In general, exports enjoyed a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 54.1 | 0% |
| Czech Republic | N/A | N/A | 3.4 | 15.8 | 364.7% |
| Canada | 0.7 | 2.2 | 0.3 | 14.9 | 177.1% |
| United States | 3.0 | 23.7 | 2.1 | 8.6 | 42.1% |
| France | 1.0 | 0.7 | 0.3 | 3.0 | 44.2% |
| Kazakhstan | N/A | 7.7 | N/A | N/A | 0% |
| Serbia | N/A | N/A | 27.7 | N/A | 0% |
| Italy | 90.1 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.1 | 2.0 | 3.4 | 45.7% |
| Total | 95.9 | 35.3 | 35.8 | 99.9 | 1.4% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Bangladesh in 2022:
- Spain (20.1 tons)
- Canada (2.9 tons)
- United States (1.8 tons)
- Czech Republic (1.7 tons)
- France (0.9 tons)
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