Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh - 2022

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh (CIF) - 2022
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh (CIF) - 2022

The average import price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $2.2 per square meter in 2022, growing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 ($3.9 per square meter), while the price for China ($2.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh (FOB) - 2022

The average export price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $1.6 per square meter in 2022, picking up by 9% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 97%. The export price peaked at $3.2 per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($12 per square meter), while the average price for exports to Malaysia ($0.8 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 Indonesia (+57.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh

In 2022, approx. 2.6M square meters of textile fabrics, rubberised; other than those of heading no. 5902s were imported into Bangladesh; increasing by 4.7% against the previous year. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s soared to $5.8M in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Bangladesh in 2022:

1. China (2213.2K square meters)
2. India (211.2K square meters)
3. Hong Kong SAR (57.4K square meters)
4. Taiwan (Chinese) (51.5K square meters)
5. Vietnam (46.9K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Bangladesh

In 2022, the amount of textile fabrics, rubberised; other than those of heading no. 5902s exported from Bangladesh soared to 20K square meters, rising by 74% compared with the previous year's figure. Overall, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2021 when exports increased by 394% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s skyrocketed to $33K in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 874% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Bangladesh in 2022:

1. India (9.9K square meters)
2. Malaysia (9.8K square meters)
3. Indonesia (0.4K square meters)

Source: IndexBox Market Intelligence Platform