Report Update Nov 1, 2024

Bangladesh - Furniture, Bases and Covers for Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Bangladesh

After two years of growth, the Bangladeshi sewing machine furniture market decreased by -1.3% to $X in 2022. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sewing Machine Furniture Production in Bangladesh

In value terms, sewing machine furniture production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 199% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Sewing Machine Furniture Exports

Exports from Bangladesh

In 2022, after five years of growth, there was significant decline in overseas shipments of furniture, bases and covers for sewing machines, when their volume decreased by -14.4% to X tons. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 when exports increased by 647%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, sewing machine furniture exports shrank remarkably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 575% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Malaysia (X tons) was the main destination for sewing machine furniture exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +139.8%.

In value terms, Malaysia ($X) also remains the key foreign market for furniture, bases and covers for sewing machines exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +127.9%.

Export Prices by Country

In 2022, the average sewing machine furniture export price amounted to $X per ton, waning by -8.4% against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 an increase of 86%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +21.2% per year.

Sewing Machine Furniture Imports

Imports into Bangladesh

In 2022, sewing machine furniture imports into Bangladesh declined remarkably to X tons, falling by -16.9% against 2021 figures. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 256% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sewing machine furniture imports fell remarkably to $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 269%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

China (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) were the main suppliers of sewing machine furniture imports to Bangladesh, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and South Korea ($X) were the largest sewing machine furniture suppliers to Bangladesh, with a combined 80% share of total imports.

Malaysia, with a CAGR of +68.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sewing machine furniture import price amounted to $X per ton, declining by -17.2% against the previous year. Overall, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture, bases and covers for sewing machines in the world?

The countries with the highest volumes of in 2021 were China, Nigeria and Vietnam, with a combined 39% share of global consumption. The United States, Russia, Kyrgyzstan, Japan, Germany, Indonesia, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of furniture, bases and covers for sewing machines in the world?

China constituted the country with the largest volume of sewing machine furniture production, comprising approx. 73% of total volume. Moreover, sewing machine furniture production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Germany, with a 3% share.

What are the leading suppliers of furniture, bases and covers for sewing machines to Bangladesh?

In value terms, Malaysia constituted the largest supplier of sewing machine furniture to Bangladesh, comprising 48% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by South Korea, with a 9.6% share.

What are the leading importers of furniture, bases and covers for sewing machines from Bangladesh?

In value terms, Malaysia remains the key foreign market for sewing machine furniture exports from Bangladesh.

What is the average export price for furniture, bases and covers for sewing machines in Bangladesh?

In 2021, the average sewing machine furniture export price amounted to $24,059 per ton, picking up by 45% against the previous year.

What is the average import price for furniture, bases and covers for sewing machines in Bangladesh?

The average sewing machine furniture import price stood at $21,072 per ton in 2021, picking up by 19% against the previous year.

This report provides an in-depth analysis of the sewing machine furniture market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023