Bangladesh: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Bangladesh

The Bangladeshi market for flexible tubes, pipes and hoses of plastics, without fittings expanded slightly to $X in 2022, growing by 2.8% 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). Overall, consumption saw a strong increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Bangladesh

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings were finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 1,034% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings soared to $X in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,462%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X kg) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Bangladesh, accounting for a 85% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Paraguay exceeded the volume sent to the second major destination, Japan (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Paraguay was relatively modest.

In value terms, Paraguay ($X) emerged as the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Bangladesh, comprising 83% of total exports. The second position in the ranking was taken by Japan ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay was relatively modest.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, surging by 2.8% against the previous year. In general, the export price showed a mild increase. The growth pace was the most rapid in 2019 an increase of 127% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Paraguay amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.1%).

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Bangladesh

In 2022, imports of flexible tubes, pipes and hoses of plastics, without fittings into Bangladesh expanded notably to X tons, with an increase of 11% against the previous year. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 59%. Over the period under review, imports of attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings stood at $X in 2022. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 40%. Over the period under review, imports of reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Bangladesh, together accounting for 61% of total imports. South Korea, Russia, India, Germany and Indonesia lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +75.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and India ($X) were the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Bangladesh, together comprising 58% of total imports. Germany, Russia, South Korea, Malaysia and Indonesia lagged somewhat behind, together comprising a further 9.9%.

Russia, with a CAGR of +61.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, reducing by -8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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