Price for Rubber Thread and Cord; Textile Covered in Bangladesh - 2022

Contents:

1. Price for Rubber Thread and Cord; Textile Covered in Bangladesh (CIF) - 2022
2. Price for Rubber Thread and Cord; Textile Covered in Bangladesh (FOB) - 2022
3. Imports of Rubber Thread and Cord; Textile Covered in Bangladesh
4. Exports of Rubber Thread and Cord; Textile Covered in Bangladesh

Price for Rubber Thread and Cord; Textile Covered in Bangladesh (CIF) - 2022

In 2022, the average import price for rubber thread and cord; textile covereds amounted to $8,485 per ton, with a decrease of -2.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $10,531 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($34,355 per ton), while the price for Malaysia ($5,117 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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rubber Thread and Cord; Textile Covered in Bangladesh (FOB) - 2022

In 2022, the average export price for rubber thread and cord; textile covereds amounted to $8,432 per ton, growing by 61% against the previous year. Overall, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 199% against the previous year. The export price peaked at $14,872 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($28,643 per ton), while the average price for exports to Bahrain ($2,625 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 the UK (+14.4%), while the prices for the other major destinations experienced a decline.

Imports of Rubber Thread and Cord; Textile Covered in Bangladesh

After three years of growth, overseas purchases of rubber thread and cord; textile covereds decreased by -16.1% to 2.4K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% 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 +41.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of 2.9K tons, and then declined markedly in the following year.

In value terms, imports of rubber thread and cord; textile covereds dropped notably to $21M in 2022. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 60%. As a result, imports reached the peak of $25M, and then plummeted in the following year.

Top Suppliers of Rubber Thread and Cord; Textile Covered to Bangladesh in 2022:

1. China (1894.9 tons)
2. Vietnam (222.6 tons)
3. Sri Lanka (199.7 tons)
4. Hong Kong SAR (52.2 tons)
5. Malaysia (43.1 tons)

Exports of Rubber Thread and Cord; Textile Covered in Bangladesh

After three years of growth, shipments abroad of rubber thread and cord; textile covereds decreased by -43.5% to 4.7 tons in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 338% against the previous year. As a result, the exports reached the peak of 8.3 tons, and then shrank significantly in the following year.

In value terms, exports of rubber thread and cord; textile covereds contracted to $40K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 207%. As a result, the exports reached the peak of $43K, and then reduced in the following year.

Top Export Markets for Rubber Thread and Cord; Textile Covered from Bangladesh in 2022:

1. Italy (1337.0 kg)
2. Slovenia (1224.0 kg)
3. Bahrain (1098.0 kg)
4. Vietnam (586.0 kg)
5. Canada (293.0 kg)

Source: IndexBox Market Intelligence Platform