Bangladesh: Plastic Headgear Market 2024

Plastic Headgear Market Size in Bangladesh

The Bangladeshi plastic headgear market shrank dramatically to $X in 2022, waning by -70.9% against the previous year. Over the period under review, consumption, however, saw a modest increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Headgear Production in Bangladesh

In value terms, plastic headgear production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent increase. Plastic headgear production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Headgear Exports

Exports from Bangladesh

After four years of growth, overseas shipments of headgear of rubber or plastic decreased by -19.9% to X units in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 525% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted rapidly in the following year.

In value terms, plastic headgear exports fell dramatically to $X in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 816%. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for plastic headgear exports from Bangladesh, with a 92% share of total exports. Moreover, plastic headgear exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +81.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+54.7% per year) and the UK (-58.9% per year).

In value terms, the United States ($X) remains the key foreign market for headgear of rubber or plastic exports from Bangladesh, comprising 90% of total exports. The second position in the ranking was taken by Canada ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +82.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+58.8% per year) and the UK (-50.2% per year).

Export Prices by Country

The average plastic headgear export price stood at $X per unit in 2022, leveling off at the previous year. In general, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Headgear Imports

Imports into Bangladesh

Plastic headgear imports into Bangladesh shrank sharply to X units in 2022, dropping by -71.1% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 1,190%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell significantly in the following year.

In value terms, plastic headgear imports declined dramatically to $X in 2022. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,009% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of plastic headgear to Bangladesh, with a 98% share of total imports. It was followed by India (X units), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.7%.

In value terms, China ($X) constituted the largest supplier of headgear of rubber or plastic to Bangladesh, comprising 100% of total imports. The second position in the ranking was held by India ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.2%.

Import Prices by Country

In 2022, the average plastic headgear import price amounted to $X per unit, jumping by 107% against the previous year. Over the period under review, the import price posted a resilient increase. The growth pace was the most rapid in 2013 an increase of 174% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 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 unit), while the price for India totaled less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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