Bangladesh: Market for Wood Boxes, Crates and Cable Drums 2025

Market Size for Wood Boxes, Crates and Cable Drums in Bangladesh

The Bangladeshi market for wood boxes, crates and cable drums shrank significantly to $X in 2022, with a decrease of -32.1% against the previous year. Overall, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Boxes, Crates and Cable Drums in Bangladesh

In value terms, wood box and cable drum production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Bangladesh

For the fourth consecutive year, Bangladesh recorded growth in overseas shipments of wood boxes, crates and cable drums, which increased by 166% to X units in 2022. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 1,124% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, wood box and cable drum exports dropped modestly to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 320% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for wood box and cable drum exports from Bangladesh, with a 72% share of total exports. Moreover, wood box and cable drum exports to Singapore exceeded the volume sent to the second major destination, Slovakia (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-16.5% per year) and Canada (0.0% per year).

In value terms, the largest markets for wood box and cable drum exported from Bangladesh were Slovakia ($X), Canada ($X) and Singapore ($X), with a combined 81% share of total exports.

Canada, with a CAGR of 0.0%, 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 a decline.

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, falling by -62.8% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 2,470% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Bangladesh

In 2022, the amount of wood boxes, crates and cable drums imported into Bangladesh dropped to X units, shrinking by -11.2% on the previous year's figure. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 1,262%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wood box and cable drum imports dropped notably to $X in 2022. Overall, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 1,651%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X units) constituted the largest supplier of wood box and cable drum to Bangladesh, with a 38% share of total imports. Moreover, wood box and cable drum imports from Finland exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was held by Poland (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.0% per year) and Poland (+48.3% per year).

In value terms, Finland ($X) constituted the largest supplier of wood boxes, crates and cable drums to Bangladesh, comprising 43% of total imports. The second position in the ranking was held by Poland ($X), with a 5% share of total imports. It was followed by India, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from Finland stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+46.4% per year) and India (-13.4% per year).

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, declining by -27% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 an increase of 100%. As a result, import price reached the peak level of $X per unit, and then declined markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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