Bangladesh: Market for Extruded Solid Rubber Rods And Profiles 2025

Market Size for Extruded Solid Rubber Rods And Profiles in Bangladesh

The Bangladeshi extruded solid rubber rod market contracted significantly to $X in 2022, which is down by -30.7% 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). Over the period under review, consumption continues to indicate a pronounced decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Bangladesh

In 2022, overseas shipments of extruded solid rubber rods and profiles decreased by -32.8% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2016 with an increase of 463% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined rapidly in the following year.

In value terms, extruded solid rubber rod exports reduced notably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 316% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Sri Lanka (X tons) was the main destination for extruded solid rubber rod exports from Bangladesh, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sri Lanka totaled +101.5%.

In value terms, Sri Lanka ($X) emerged as the key foreign market for extruded solid rubber rods and profiles exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka totaled +144.8%.

Export Prices by Country

The average extruded solid rubber rod export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price saw a tangible increase. The pace of growth appeared the most rapid in 2015 an increase of 118%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +55.0% per year.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Bangladesh

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported into Bangladesh; dropping by -31.4% against 2021 figures. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 138% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports fell dramatically to $X in 2022. Overall, imports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2019 with an increase of 193% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and India (X tons) were the main suppliers of extruded solid rubber rod imports to Bangladesh, with a combined 92% share of total imports. Germany, South Korea and Thailand lagged somewhat behind, together comprising a further 5.2%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Bangladesh, comprising 50% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.3% per year) and Malaysia (+39.1% per year).

Import Prices by Country

In 2022, the average extruded solid rubber rod import price amounted to $X per ton, stabilizing at the previous year. In general, the import price showed buoyant growth. The growth pace was the most rapid in 2021 an increase of 73%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 China ($X per ton), while the price for South Korea ($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 (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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