Bangladesh: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Bangladesh

The Bangladeshi high-tenacity filament polyester yarn market skyrocketed to $X in 2021, with an increase of 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable slump. High-tenacity filament polyester yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Bangladesh

In 2021, overseas shipments of high-tenacity filament yarn of polyesters decreased by -45.2% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 79% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports shrank rapidly to $X in 2021. In general, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2015 with an increase of 87% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons) was the main destination for high-tenacity filament polyester yarn exports from Bangladesh, accounting for a 78% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Sri Lanka exceeded the volume sent to the second major destination, India (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Sri Lanka amounted to -5.3%.

In value terms, India ($X) remains the key foreign market for high-tenacity filament yarn of polyesters exports from Bangladesh, comprising 66% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to -8.4%.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 54%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Sri Lanka stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.1%).

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Bangladesh

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were imported into Bangladesh; falling by -4.3% compared with the previous year's figure. Overall, imports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2017 when imports increased by 144% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Over the period under review, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 114% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Bangladesh, accounting for a 67% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-11.6% per year) and Taiwan (Chinese) (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Bangladesh, comprising 57% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-17.6% per year) and Taiwan (Chinese) (-11.7% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, with an increase of 31% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mauritius ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :