Bangladesh: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Bangladesh

The Bangladeshi adhesive bandage market declined to $X in 2022, waning by -12.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.4% against 2020 indices. Adhesive bandage consumption peaked at $X in 2021, and then reduced in the following year.

Adhesive Bandage Exports

Exports from Bangladesh

In 2021, overseas shipments of adhesive bandages decreased by -23.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 392%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, adhesive bandage exports contracted significantly to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 426%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for adhesive bandage exports from Bangladesh, with a 41% share of total exports. Moreover, adhesive bandage exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X kg), eightfold. Luxembourg (X kg) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +153.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Luxembourg (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for adhesive bandages exports from Bangladesh, comprising 38% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 12% share of total exports. It was followed by Chile, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +101.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (0.0% per year) and Chile (0.0% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+32.0%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Bangladesh

In 2022, approx. X tons of adhesive bandages were imported into Bangladesh; waning by -9.3% against 2021. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.6% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 54%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, adhesive bandage imports shrank notably to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.8% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 57%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to Bangladesh, with a 57% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Spain (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.6% per year) and Spain (+29.3% per year).

In value terms, the largest adhesive bandage suppliers to Bangladesh were Japan ($X), China ($X) and Spain ($X), with a combined 86% share of total imports.

Among the main suppliers, Spain, with a CAGR of +19.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, with a decrease of -6.5% against the previous year. Overall, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 5.3%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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