Price for Textiles; Worn Clothing and Other Worn Articles in Bangladesh - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Bangladesh (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Bangladesh (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Bangladesh
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Bangladesh

Price for Textiles; Worn Clothing and Other Worn Articles in Bangladesh (CIF) - 2022

In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $695 per ton, rising by 29% against the previous year. Over the period under review, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 61% against the previous year. The import price peaked at $776 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,121 per ton), while the price for Taiwan (Chinese) ($286 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Bangladesh (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $1,731 per ton, waning by -32.7% against the previous year. In general, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 92%. The export price peaked at $3,575 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($7,485 per ton), while the average price for exports to Benin ($322 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 Philippines (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Bangladesh

In 2022, overseas purchases of textiles; worn clothing and other worn articleses increased by 24% to 17K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep downturn.

In value terms, imports of textiles; worn clothing and other worn articleses soared to $12M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.1% 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 +62.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Bangladesh in 2022:

1. Taiwan (Chinese) (9.7K tons)
2. South Korea (4.1K tons)
3. Kuwait (0.8K tons)
4. China (0.8K tons)
5. Japan (0.8K tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Bangladesh

In 2022, exports of textiles; worn clothing and other worn articleses from Bangladesh soared to 310 tons, increasing by 20% against the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 67%.

In value terms, exports of textiles; worn clothing and other worn articleses contracted dramatically to $537K in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 77%. As a result, the exports attained the peak of $664K, and then reduced sharply in the following year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Bangladesh in 2022:

1. United Arab Emirates (174.9 tons)
2. Benin (53.6 tons)
3. Japan (31.6 tons)
4. Malaysia (7.7 tons)
5. Cote d'Ivoire (5.7 tons)
6. Poland (5.2 tons)
7. Thailand (5.0 tons)
8. South Korea (3.4 tons)
9. Canada (0.7 tons)

Source: IndexBox Market Intelligence Platform