Bangladesh: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Bangladesh

The Bangladeshi market for floor, wall or ceiling coverings of plastics shrank to $X in 2022, with a decrease of -6.6% 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 recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Bangladesh

In 2022, the amount of floor, wall or ceiling coverings of plastics exported from Bangladesh dropped markedly to X square meters, declining by -52.2% compared with the previous year. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,203% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2021, and then declined rapidly in the following year.

In value terms, exports of floor, wall or ceiling coverings of plastics rose markedly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 538%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X square meters), the Czech Republic (X square meters) and India (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Bangladesh, together comprising 73% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +1,059.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and India ($X) were the largest markets for plastic floor, wall and ceiling coverings exported from Bangladesh worldwide, with a combined 92% share of total exports.

The Czech Republic, with a CAGR of +826.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, growing by 123% against the previous year. In general, the export price, however, showed a pronounced shrinkage. Over the period under review, the average export prices attained the maximum at $X per square meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per square meter), while the average price for exports to the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Bangladesh

In 2022, approx. X square meters of floor, wall or ceiling coverings of plastics were imported into Bangladesh; which is down by -11.7% against the previous year's figure. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by 242%. As a result, imports reached the peak of X square meters. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics reduced to $X in 2022. Over the period under review, imports, however, posted mild growth. The most prominent rate of growth was recorded in 2014 when imports increased by 296%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Bangladesh, with a 70% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), ninefold. India (X square meters) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.9% per year) and India (-24.4% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Bangladesh, comprising 72% of total imports. The second position in the ranking was held by Malaysia ($X), with a 5% share of total imports. It was followed by India, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.9% per year) and India (-16.3% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, surging by 4.9% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30%. The import price peaked at $X per square meter 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 India ($X per square meter), while the price for South Korea ($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 India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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