Bangladesh: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Bangladesh

The Bangladeshi man-made filament yarn market surged to $X in 2021, with an increase of 35% 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). In general, consumption enjoyed a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Man-Made Filament Yarn Exports

Exports from Bangladesh

In 2021, the amount of man-made filament yarn exported from Bangladesh reduced remarkably to X tons, with a decrease of -20.8% against 2020 figures. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by 34%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, man-made filament yarn exports shrank to $X in 2021. In general, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 46%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Pakistan (X tons) was the main destination for man-made filament yarn exports from Bangladesh, with a 74% share of total exports. Moreover, man-made filament yarn exports to Pakistan exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Pakistan amounted to +104.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.7% per year) and Sri Lanka (-16.3% per year).

In value terms, Pakistan ($X) remains the key foreign market for man-made filament yarn exports from Bangladesh, comprising 77% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Pakistan amounted to +115.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.5% per year) and Sri Lanka (+33.6% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+59.7%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Bangladesh

Man-made filament yarn imports into Bangladesh skyrocketed to X tons in 2021, jumping by 27% on the previous year. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 121%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, man-made filament yarn imports soared to $X in 2021. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 145%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest man-made filament yarn supplier to Bangladesh, accounting for a 80% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold. Thailand (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.7% per year) and Thailand (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of man-made filament yarn to Bangladesh, comprising 76% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.6% share of total imports. It was followed by India, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.8% per year) and India (+40.9% per year).

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2021, increasing by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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