Bangladesh: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Bangladesh

The Bangladeshi natural rubber and gum market reduced to $X in 2022, waning by -2.7% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +12.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.9% against 2020 indices. Natural rubber and gum consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Natural Rubber And Gums in Bangladesh

In value terms, natural rubber and gum production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 154%. Natural rubber and gum production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average natural rubber and gum yield in Bangladesh stood at X kg per ha, remaining constant against the year before. Over the period under review, the yield indicated buoyant growth from 2012 to 2022: its figure increased at an average annual rate of +12.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural rubber and gum yield decreased by -0.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the yield increased by 214% against the previous year. The natural rubber and gum yield peaked at X kg per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Bangladesh reduced slightly to X ha, approximately reflecting the previous year. The harvested area increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. Over the period under review, the harvested area dedicated to natural rubber and gum production attained the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Exports of Natural Rubber And Gums

Exports from Bangladesh

In 2022, shipments abroad of natural rubber and gums decreased by -18.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports shrank to $X in 2022. In general, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for natural rubber and gum exports from Bangladesh, accounting for a 80% share of total exports. Moreover, natural rubber and gum exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), fivefold. South Korea (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-24.9% per year) and South Korea (-28.4% per year).

In value terms, China ($X), Malaysia ($X) and South Korea ($X) appeared to be the largest markets for natural rubber and gum exported from Bangladesh worldwide, together accounting for 98% of total exports.

Malaysia, with a CAGR of -15.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, growing by 9.4% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 46%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 South Korea (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Bangladesh

In 2022, approx. X tons of natural rubber and gums were imported into Bangladesh; falling by -30.3% compared with 2021. In general, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 155%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 146% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of natural rubber and gum to Bangladesh, with a 71% share of total imports. Moreover, natural rubber and gum imports from Thailand exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+1.9% per year) and South Korea (-1.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of natural rubber and gums to Bangladesh, comprising 37% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Sri Lanka, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.3% per year) and Sri Lanka (-7.1% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, growing by 4.6% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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