Bangladesh: Bedspread Market 2024

Bedspread Market Size in Bangladesh

The Bangladeshi bedspread market reached $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Bedspread Production in Bangladesh

In value terms, bedspread production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Bedspread Exports

Exports from Bangladesh

In 2021, the amount of bedspreads (excluding eiderdowns) exported from Bangladesh soared to X units, picking up by 40% against 2020. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 152% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bedspread exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2019 when exports increased by 146% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia (X units) was the main destination for bedspread exports from Bangladesh, accounting for a 16% share of total exports. Moreover, bedspread exports to Russia exceeded the volume sent to the second major destination, Italy (X units), twofold. Germany (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +61.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+44.2% per year) and Germany (+3.7% per year).

In value terms, the largest markets for bedspread exported from Bangladesh were Russia ($X), Germany ($X) and Italy ($X), with a combined 34% share of total exports. The United States, Poland, France, Australia, Austria, the UK, Sweden, Finland and the United Arab Emirates lagged somewhat behind, together accounting for a further 28%.

The United States, with a CAGR of +111.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bedspread export price stood at $X per unit in 2021, approximately equating the previous year. In general, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bedspread Imports

Imports into Bangladesh

In 2021, purchases abroad of bedspreads (excluding eiderdowns) decreased by -56.2% to X units, falling for the fourth consecutive year after two years of growth. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 39% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bedspread imports dropped markedly to $X in 2021. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 34%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X units) constituted the largest bedspread supplier to Bangladesh, accounting for a 75% share of total imports. Moreover, bedspread imports from India exceeded the figures recorded by the second-largest supplier, Singapore (X units), ninefold. The United States (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-10.0% per year) and the United States (-20.1% per year).

In value terms, India ($X) constituted the largest supplier of bedspreads (excluding eiderdowns) to Bangladesh, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Singapore, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Singapore (-13.9% per year).

Import Prices by Country

The average bedspread import price stood at $X per unit in 2021, picking up by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform