Bangladesh: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Bangladesh

In 2022, the Bangladeshi high-tenacity filament nylon yarn market increased by 24% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Bangladesh

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides exported from Bangladesh declined dramatically to X tons, falling by -40.1% compared with the year before. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 940%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, high-tenacity filament nylon yarn exports shrank notably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 518% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for high-tenacity filament nylon yarn exports from Bangladesh, accounting for a 93% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Myanmar exceeded the volume sent to the second major destination, Sri Lanka (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+23.0% per year) and Nepal (-26.2% per year).

In value terms, Myanmar ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Bangladesh, comprising 81% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+24.4% per year) and Nepal (-16.5% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Myanmar ($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 Nepal (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Bangladesh

After three years of decline, overseas purchases of high-tenacity filament yarn of nylon or other polyamides increased by 19% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 61%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn imports declined modestly to $X in 2022. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 94% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of high-tenacity filament nylon yarn imports to Bangladesh, with a combined 69% share of total imports. Taiwan (Chinese), Japan, Sri Lanka and Malaysia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +61.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Bangladesh, comprising 38% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.1% per year) and Malaysia (+0.4% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, shrinking by -17.5% against the previous year. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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