Bangladesh: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Bangladesh

The Bangladeshi narrow woven fabric market skyrocketed to $X in 2021, increasing by 49% 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 posted a remarkable increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Narrow Woven Fabric Exports

Exports from Bangladesh

For the third consecutive year, Bangladesh recorded growth in shipments abroad of narrow woven fabrics, which increased by 161% to X tons in 2021. Over the period under review, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric exports skyrocketed to $X in 2021. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar (X tons), India (X tons) and Switzerland (X tons) were the main destinations of narrow woven fabric exports from Bangladesh, together comprising 17% of total exports. Japan, South Korea, Hong Kong SAR, Austria, Sri Lanka, Vietnam, the Czech Republic, Indonesia, the United States and Germany lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +167.2%), while the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) remains the key foreign market for narrow woven fabrics exports from Bangladesh, comprising 20% of total exports. The second position in the ranking was taken by India ($X), with a 7.7% share of total exports. It was followed by Vietnam, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Myanmar amounted to +87.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+9.0% per year) and Vietnam (+25.3% per year).

Export Prices by Country

In 2021, the average narrow woven fabric export price amounted to $X per ton, waning by -36.1% against the previous year. In general, the export price showed a deep slump. The growth pace was the most rapid in 2019 when the average export price increased by 26%. 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 remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Japan ($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 the Czech Republic (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Bangladesh

In 2021, the amount of narrow woven fabrics imported into Bangladesh soared to X tons, growing by 42% on 2020 figures. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 335%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, narrow woven fabric imports surged to $X in 2021. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 338% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest narrow woven fabric supplier to Bangladesh, with a 75% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.5% per year) and India (+17.0% per year).

In value terms, the largest narrow woven fabric suppliers to Bangladesh were China ($X), Hong Kong SAR ($X) and India ($X), with a combined 88% share of total imports. These countries were followed by Sri Lanka, which accounted for a further 3.4%.

Among the main suppliers, Sri Lanka, with a CAGR of +13.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average narrow woven fabric import price amounted to $X per ton, with an increase of 7.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 China (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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