Report Update Nov 1, 2024

Bangladesh - Furniture of Plastic - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Plastic Furniture Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture of plastic in the world?

The country with the largest volume of plastic furniture consumption was China, comprising approx. 17% of total volume. Moreover, plastic furniture consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of furniture of plastic in the world?

China remains the largest plastic furniture producing country worldwide, comprising approx. 41% of total volume. Moreover, plastic furniture production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Italy, with a 4.6% share.

What are the leading suppliers of furniture of plastic to Bangladesh?

In value terms, the United States constituted the largest supplier of plastic furniture to Bangladesh, comprising 69% of total imports. The second position in the ranking was occupied by Japan, with a 28% share of total imports.

What are the leading importers of furniture of plastic from Bangladesh?

In value terms, India remains the key foreign market for plastic furniture exports from Bangladesh, comprising 95% of total exports. The second position in the ranking was occupied by the UK, with a 4.4% share of total exports.

What is the average export price for furniture of plastic in Bangladesh?

The average plastic furniture export price stood at $2 per unit in 2021, stabilizing at the previous year.

What is the average import price for furniture of plastic in Bangladesh?

In 2021, the average plastic furniture import price amounted to $4.3 per unit, falling by -8.5% against the previous year.

This report provides an in-depth analysis of the plastic 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 31091430 - Furniture of plastics (excluding medical, surgical, dental or veterinary furniture - cases and cabinets specially designed for hi-fi systems, videos and televisions)

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