Bangladesh: Plaster Article Market 2025

Plaster Article Market Size in Bangladesh

In 2021, the Bangladeshi plaster article market increased by 33% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Plaster Article Exports

Exports from Bangladesh

In 2021, plaster article exports from Bangladesh soared to X tons, increasing by 129% on the previous year's figure. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster article exports surged to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), Nepal (X tons) and Thailand (X kg) were the main destinations of plaster article exports from Bangladesh, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +215.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plaster article exported from Bangladesh were Nepal ($X), India ($X) and Thailand ($X), with a combined 97% share of total exports.

Nepal, with a CAGR of +285.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plaster article export price stood at $X per ton in 2021, increasing by 2.2% against the previous year. In general, the export price, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to India ($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 China (+173.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Bangladesh

In 2021, purchases abroad of articles of plaster or of compositions based on plaster was finally on the rise to reach X tons after three years of decline. Overall, imports, however, showed a abrupt decrease. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, plaster article imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt setback. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest plaster article supplier to Bangladesh, accounting for a 57% share of total imports. Moreover, plaster article imports from Thailand exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+16.6% per year) and China (-26.5% per year).

In value terms, Thailand ($X), China ($X) and South Korea ($X) appeared to be the largest plaster article suppliers to Bangladesh, with a combined 72% share of total imports. Malaysia, Taiwan (Chinese), Indonesia, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +20.6%, recorded the highest growth rate of 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 2021, the average plaster article import price amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2020 when the average import price increased by 18%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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