Report Update Nov 1, 2024

Bangladesh - Natural Stone Setts, Kerbstones and Flagstones - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Bangladesh

The Bangladeshi natural stone sett market fell to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, saw resilient growth. Natural stone sett consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in Bangladesh

In value terms, natural stone sett production fell to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 101%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Natural Stone Sett Exports

Exports from Bangladesh

In 2022, natural stone sett exports from Bangladesh fell notably to X tons, declining by -45.4% against the year before. Overall, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 998%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports reduced rapidly to $X in 2022. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1,883% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for natural stone sett exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -10.9%.

In value terms, the UK ($X) also remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, dropping by -3.7% against the previous year. Overall, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +11.8% per year.

Natural Stone Sett Imports

Imports into Bangladesh

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 661% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, natural stone sett imports shrank modestly to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 1,042% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main natural stone sett supplier to Bangladesh, with a 96% share of total imports. It was followed by Hong Kong SAR (X tons), with a 1.9% share of total imports. Saudi Arabia (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+15.0% per year) and Saudi Arabia (-17.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Bangladesh, comprising 95% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4.3% share of total imports. It was followed by Hong Kong SAR, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+16.3% per year) and Hong Kong SAR (+7.1% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, shrinking by -6.1% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural stone setts, kerbstones and flagstones in the world?

The countries with the highest volumes of in 2021 were China, Afghanistan and the United States, with a combined 33% share of global consumption. These countries were followed by India, Indonesia, Brazil, Vietnam, Mexico, Turkey, the Philippines, South Korea, Pakistan and Qatar, which together accounted for a further 28%.

What are the largest producers of natural stone setts, kerbstones and flagstones in the world?

China constituted the country with the largest volume of natural stone sett production, comprising approx. 20% of total volume. Moreover, natural stone sett production in China exceeded the figures recorded by the second-largest producer, Pakistan, twofold. The third position in this ranking was occupied by the United States, with a 9.1% share.

What are the leading suppliers of natural stone setts, kerbstones and flagstones to Bangladesh?

In value terms, the United Arab Emirates constituted the largest supplier of natural stone sett to Bangladesh, comprising 94% of total imports. The second position in the ranking was occupied by Saudi Arabia, with a 4.6% share of total imports.

What is the average export price for natural stone setts, kerbstones and flagstones in Bangladesh?

In 2021, the average natural stone sett export price amounted to $776 per ton, approximately reflecting the previous year.

What is the average import price for natural stone setts, kerbstones and flagstones in Bangladesh?

In 2021, the average natural stone sett import price amounted to $22,288 per ton, increasing by 25% against the previous year.

This report provides an in-depth analysis of the natural stone sett 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:

Prodcom 23701210 - Natural stone setts, kerbstones and flagstones (excluding of slate)

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