Report Update Nov 1, 2024

Bangladesh - MDF - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Mdf Market 2024

Mdf Market Size in Bangladesh

The Bangladeshi MDF market soared to $X in 2021, surging by 33% 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 showed a perceptible expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Mdf Exports

Exports from Bangladesh

In 2021, overseas shipments of MDF decreased by -30.8% to X cubic meters for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 533% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, MDF exports fell markedly to $X in 2021. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 461%. Over the period under review, the exports reached the maximum at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Slovakia (X cubic meters) was the main destination for MDF exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at +18.2%.

In value terms, Slovakia ($X) also remains the key foreign market for MDF exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to Slovakia amounted to +17.8%.

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, with an increase of 23% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 555%. As a result, the export price reached the peak level of $X per cubic meter. From 2018 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2021, the rate of growth in terms of prices for Slovakia amounted to -0.3% per year.

Mdf Imports

Imports into Bangladesh

In 2021, mdf imports into Bangladesh stood at X cubic meters, with an increase of 13% compared with the previous year's figure. Overall, imports recorded modest growth. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Imports peaked at X cubic meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, MDF imports skyrocketed to $X in 2021. In general, imports posted a pronounced expansion. The pace of growth appeared the most rapid in 2016 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X cubic meters) constituted the largest supplier of MDF to Bangladesh, accounting for a 45% share of total imports. Moreover, MDF imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), threefold. The third position in this ranking was held by Thailand (X cubic meters), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-9.2% per year) and Thailand (+19.3% per year).

In value terms, China ($X) constituted the largest supplier of MDF to Bangladesh, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-9.4% per year) and Thailand (+18.5% per year).

Import Prices by Country

In 2021, the average MDF import price amounted to $X per cubic meter, growing by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per cubic meter), while the price for Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mdf in the world?

China constituted the country with the largest volume of mdf consumption, comprising approx. 51% of total volume. Moreover, mdf consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by Brazil, with a 4.1% share.

What are the largest producers of mdf in the world?

The country with the largest volume of mdf production was China, comprising approx. 52% of total volume. Moreover, mdf production in China exceeded the figures recorded by the second-largest producer, Brazil, more than tenfold. Turkey ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of mdf to Bangladesh?

In value terms, China constituted the largest supplier of mdf to Bangladesh, comprising 55% of total imports. The second position in the ranking was occupied by Malaysia, with a 22% share of total imports. It was followed by Thailand, with a 13% share.

What is the average export price for mdf in Bangladesh?

The average mdf export price stood at $2,988 per cubic meter in 2019, jumping by 2,265% against the previous year.

What is the average import price for mdf in Bangladesh?

The average mdf import price stood at $295 per cubic meter in 2021, waning by -1.7% against the previous year.

This report provides an in-depth analysis of the mdf market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1648 - MDF/HDF

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023