Bangladesh: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Bangladesh

The Bangladeshi market for nets of twine, cordage, rope or textile materials reached $X in 2022, approximately equating the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.1% against 2020 indices. Twine, cordage or textile net consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Bangladesh

In value terms, twine, cordage or textile net production rose to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 35%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Bangladesh

In 2022, overseas shipments of nets of twine, cordage, rope or textile materials decreased by -12% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 198%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, twine, cordage or textile net exports fell to $X in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 188%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

India (X tons) was the main destination for twine, cordage or textile net exports from Bangladesh, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +61.6%.

In value terms, India ($X) also remains the key foreign market for nets of twine, cordage, rope or textile materials exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +71.1%.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, with an increase of 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 54%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +34.4% per year.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Bangladesh

In 2022, supplies from abroad of nets of twine, cordage, rope or textile materials decreased by -51.4% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 507%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, twine, cordage or textile net imports reached $X in 2022. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2015 with an increase of 399%. Over the period under review, imports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons) was the main supplier of twine, cordage or textile net to Bangladesh, accounting for a 95% share of total imports. It was followed by India (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +41.3%.

In value terms, China ($X) constituted the largest supplier of nets of twine, cordage, rope or textile materials to Bangladesh, comprising 95% of total imports. The second position in the ranking was taken by India ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +40.2%.

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, with an increase of 106% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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