Bangladesh: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Bangladesh

In 2022, the Bangladeshi hard plastic comb market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded a strong increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hard Plastic Comb Production in Bangladesh

In value terms, hard plastic comb production skyrocketed to $X in 2022 estimated in export price. In general, production, however, faced a sharp decline. The growth pace was the most rapid in 2017 with an increase of 604%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hard Plastic Comb Exports

Exports from Bangladesh

After four years of growth, shipments abroad of hard rubber or plastic combs decreased by -19.1% to X tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 220% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced notably in the following year.

In value terms, hard plastic comb exports fell markedly to $X in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 440% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for hard plastic comb exports from Bangladesh, with a 76% share of total exports. Moreover, hard plastic comb exports to the United States exceeded the volume sent to the second major destination, China (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+129.5% per year) and France (+106.5% per year).

In value terms, the United States ($X) remains the key foreign market for hard rubber or plastic combs exports from Bangladesh, comprising 82% of total exports. The second position in the ranking was held by China ($X), with a 9.5% share of total exports. It was followed by France, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+148.2% per year) and France (+115.0% per year).

Export Prices by Country

In 2022, the average hard plastic comb export price amounted to $X per ton, waning by -2% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hard plastic comb export price increased by +2.8% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 69% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into Bangladesh

In 2022, overseas purchases of hard rubber or plastic combs were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 704% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hard plastic comb imports stood at $X in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 1,041% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of hard plastic comb to Bangladesh, with a 97% share of total imports. It was followed by India (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +14.1%.

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to Bangladesh, comprising 99% of total imports. The second position in the ranking was held by India ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +27.8%.

Import Prices by Country

The average hard plastic comb import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 79% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.0%).

Source: IndexBox Platform

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