Bangladesh: Plastic Furniture Market 2025

Plastic Furniture Market Size in Bangladesh

The Bangladeshi plastic furniture market stood at $X in 2021, surging by 11% against the previous year. Over the period under review, consumption, however, saw a slight decline. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in Bangladesh

In value terms, plastic furniture production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Plastic furniture production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports from Bangladesh

Plastic furniture exports from Bangladesh surged to X units in 2021, picking up by 83% compared with 2020 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 376% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, plastic furniture exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 348% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X units) was the main destination for plastic furniture exports from Bangladesh, accounting for a 96% share of total exports. It was followed by the UK (X units), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +59.1%.

In value terms, India ($X) remains the key foreign market for plastic furniture exports from Bangladesh, comprising 91% of total exports. The second position in the ranking was taken by the UK ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India stood at +57.5%.

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, with a decrease of -2.6% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2015 an increase of 12%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+86.0%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Imports

Imports into Bangladesh

In 2021, approx. X units of furniture of plastic were imported into Bangladesh; which is down by -23.8% on 2020. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 284%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, plastic furniture imports reduced sharply to $X in 2021. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 473% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of plastic furniture to Bangladesh, with a approx. 96% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.6%.

In value terms, China ($X) constituted the largest supplier of plastic furniture to Bangladesh.

From 2012 to 2021, the average annual growth rate of value from China stood at +23.6%.

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, rising by 9.4% against the previous year. In general, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +15.9% per year.

Source: IndexBox Platform

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