Bangladesh: Common Pottery Market 2024

Common Pottery Market Size in Bangladesh

In 2022, the Bangladeshi common pottery market increased by less than 0.1% to $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption recorded a perceptible setback. Common pottery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Common Pottery Production in Bangladesh

In value terms, common pottery production totaled $X in 2022 estimated in export price. Overall, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 80% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Common Pottery Exports

Exports from Bangladesh

In 2022, overseas shipments of common pottery decreased by -3.1% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 662% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, common pottery exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 726% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Egypt (X tons) and Poland (X tons) were the main destinations of common pottery exports from Bangladesh, together comprising 49% of total exports. Russia, the UK, Germany, Chile, Ghana, Jordan, Bhutan, Malaysia, the United Arab Emirates and Israel lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +50.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for common pottery exported from Bangladesh were the United States ($X), Poland ($X) and Egypt ($X), together comprising 42% of total exports. Ghana, Germany, Russia, Chile, the UK, Jordan, the United Arab Emirates, Bhutan, Malaysia and Israel lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average common pottery export price stood at $X per ton in 2022, jumping by 16% against the previous year. Overall, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2019 an increase of 55%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to the UK ($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 the United Arab Emirates (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Bangladesh

In 2022, purchases abroad of common pottery was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2014 when imports increased by 385%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, common pottery imports rose rapidly to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 437% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of common pottery imports to Bangladesh, together comprising 76% of total imports. The United States, Singapore, Germany, Thailand and India lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +76.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of common pottery to Bangladesh, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Singapore, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+67.3% per year) and Singapore (+55.7% per year).

Import Prices by Country

The average common pottery import price stood at $X per ton in 2022, growing by 3.8% against the previous year. In general, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($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 (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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