Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh - 2022

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh (CIF) - 2022
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh (FOB) - 2022
3. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh
4. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh (CIF) - 2022

In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $4,978 per ton, falling by -24.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73%. Over the period under review, average import prices reached the peak figure at $9,802 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,979 per ton), while the price for Hong Kong SAR ($4,978 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh (FOB) - 2022

In 2022, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $10,545 per ton, falling by -2.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 243%. As a result, the export price reached the peak level of $30,620 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.6% per year.

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in purchases abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s, which increased by 91% to 14 tons in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 120%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s surged to $71K in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 128% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Bangladesh in 2022:

1. India (9.6 tons)
2. China (3.3 tons)
3. Hong Kong SAR (1.4 tons)

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Bangladesh

In 2022, shipments abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s increased by 6.9% to 77 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep setback.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s totaled $812 in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Bangladesh in 2022:

1. India (77.0 kg)

Source: IndexBox Market Intelligence Platform