Bangladesh: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Bangladesh

The Bangladeshi chain scoops and sliders market reduced remarkably to $X in 2022, waning by -28.8% 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, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Bangladesh

In 2022, overseas shipments of chain scoops, sliders, runners, end pieces and narrow strips decreased by -59.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 272% against the previous year. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, chain scoops and sliders exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 101% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for chain scoops and sliders exports from Bangladesh, with a 75% share of total exports. Moreover, chain scoops and sliders exports to India exceeded the volume sent to the second major destination, Sri Lanka (X tons), sixfold. The third position in this ranking was taken by China (X kg), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+31.1% per year) and China (+19.3% per year).

In value terms, India ($X) emerged as the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Bangladesh, comprising 83% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 7.1% share of total exports. It was followed by China, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to India stood at +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+14.4% per year) and China (+16.2% per year).

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, growing by 148% against the previous year. Overall, the export price continues to indicate tangible growth. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Bangladesh

In 2022, chain scoops and sliders imports into Bangladesh shrank dramatically to X tons, which is down by -29% against the previous year. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, chain scoops and sliders imports dropped rapidly to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 136%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest chain scoops and sliders supplier to Bangladesh, with a 73% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.7% per year) and India (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Bangladesh, comprising 60% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.7% per year) and India (+1.1% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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