Bangladesh: Ceramic Household Article Market 2024

Ceramic Household Article Market Size in Bangladesh

After two years of growth, the Bangladeshi ceramic household article market decreased by -14.9% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell in the following year.

Ceramic Household Article Production in Bangladesh

In value terms, ceramic household article production shrank to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 26%. As a result, production attained the peak level of $X, and then reduced in the following year.

Ceramic Household Article Exports

Exports from Bangladesh

In 2021, overseas shipments of ceramic household articles and toilet articles were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a strong increase. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ceramic household article exports soared to $X in 2021. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Egypt (X tons) were the main destinations of ceramic household article exports from Bangladesh, with a combined 28% share of total exports. Poland, Norway, the United States, the UK, Greece, Belgium, Austria, Sweden, India and the Netherlands lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic household article exported from Bangladesh were Italy ($X), Germany ($X) and Egypt ($X), with a combined 32% share of total exports. These countries were followed by Norway, the United States, Poland, the UK, Austria, Sweden, India, Greece, Belgium and the Netherlands, which together accounted for a further 25%.

Austria, with a CAGR of +58.4%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average ceramic household article export price amounted to $X per ton, rising by 7.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Belgium ($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 Egypt (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Household Article Imports

Imports into Bangladesh

Ceramic household article imports into Bangladesh surged to X tons in 2021, jumping by 15% on 2020. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2014 when imports increased by 869% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ceramic household article imports amounted to $X in 2021. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 1,398%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest ceramic household article supplier to Bangladesh, accounting for a 89% share of total imports. Moreover, ceramic household article imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.8%.

In value terms, China ($X) constituted the largest supplier of ceramic household articles and toilet articles to Bangladesh, comprising 90% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +15.5%.

Import Prices by Country

In 2021, the average ceramic household article import price amounted to $X per ton, waning by -12.8% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The growth pace was the most rapid in 2013 when the average import price increased by 69%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.7%).

Source: IndexBox Platform

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