Bangladesh: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Bangladesh

The Bangladeshi non-woven glass fibre articles market rose to $X in 2021, surging by 4.3% against the previous year. Over the period under review, consumption, however, saw a deep slump. Non-woven glass fibre articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Bangladesh

In value terms, non-woven glass fibre articles production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Bangladesh

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -24% to X tons, falling for the fifth consecutive year after five years of growth. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 358%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports contracted notably to $X in 2021. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2016 with an increase of 159% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for non-woven glass fibre articles exports from Bangladesh, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +19.2%.

In value terms, India ($X) also remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +6.0%.

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -11.1% per year.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Bangladesh

For the third year in a row, Bangladesh recorded growth in supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards, which increased by 28% to X tons in 2021. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 122% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, non-woven glass fibre articles imports rose notably to $X in 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 256% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-woven glass fibre articles to Bangladesh, accounting for a 86% share of total imports. Moreover, non-woven glass fibre articles imports from China exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+13.4% per year) and Malaysia (+52.0% per year).

In value terms, China ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Bangladesh, comprising 80% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+16.8% per year) and Malaysia (+31.7% per year).

Import Prices by Country

The average non-woven glass fibre articles import price stood at $X per ton in 2021, waning by -15.6% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 68%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Kuwait ($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 (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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