Bangladesh: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Bangladesh

The Bangladeshi market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped sharply to $X in 2022, waning by -22.5% 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, recorded a noticeable increase. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Bangladesh

In 2022, after two years of growth, there was significant decline in overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume decreased by -8.7% to X square meters. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 66% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank significantly to $X in 2022. Over the period under review, exports saw a noticeable setback. The growth pace was the most rapid in 2016 when exports increased by 75%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X square meters) and Sri Lanka (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Bangladesh.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +17.4%).

In value terms, the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Bangladesh were India ($X) and Sri Lanka ($X).

In terms of the main countries of destination, India, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, which is down by -7% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +80.7% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2021, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per square meter), while the average price for exports to India totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.1%).

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Bangladesh

In 2022, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into Bangladesh contracted dramatically to X square meters, waning by -24.6% on 2021. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of 97% against the previous year. As a result, imports reached the peak of X square meters, and then declined significantly in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped notably to $X in 2022. In general, imports, however, posted notable growth. The growth pace was the most rapid in 2021 when imports increased by 78%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X square meters), China (X square meters) and Saudi Arabia (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Bangladesh, together accounting for 71% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +73.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Bangladesh, comprising 53% of total imports. The second position in the ranking was held by Malaysia ($X), with a 21% share of total imports. It was followed by Saudi Arabia, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+39.3% per year) and Saudi Arabia (+8.8% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, growing by 3.6% against the previous year. Over the period under review, the import price, however, showed a slight setback. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2018; however, from 2019 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 China ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform