Bangladesh: Drawing Chalk Market 2024

Drawing Chalk Market Size in Bangladesh

The Bangladeshi drawing chalk market contracted significantly to $X in 2021, with a decrease of -18% 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). Overall, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Drawing Chalk Exports

Exports from Bangladesh

In 2021, the amount of pastels, drawing charcoals, writing or drawing chalks exported from Bangladesh shrank sharply to X units, reducing by -86.7% against the previous year's figure. In general, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2013 when exports increased by 1,539% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, drawing chalk exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2013 with an increase of 318%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for drawing chalk exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -21.7%.

In value terms, Germany ($X) also remains the key foreign market for pastels, drawing charcoals, writing or drawing chalks exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -22.4%.

Export Prices by Country

The average drawing chalk export price stood at $X per unit in 2021, jumping by 36% against the previous year. Over the period under review, the export price, however, faced a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Ethiopia amounted to +84.0% per year.

Drawing Chalk Imports

Imports into Bangladesh

In 2021, approx. X units of pastels, drawing charcoals, writing or drawing chalks were imported into Bangladesh; which is down by -7.2% against the previous year's figure. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2014 when imports increased by 2,404% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, drawing chalk imports fell notably to $X in 2021. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 2,801% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest drawing chalk supplier to Bangladesh, accounting for a 57% share of total imports. Moreover, drawing chalk imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sevenfold. The third position in this ranking was held by India (X units), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+65.4% per year) and India (-10.6% per year).

In value terms, China ($X) constituted the largest supplier of pastels, drawing charcoals, writing or drawing chalks to Bangladesh, comprising 65% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by India, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+68.5% per year) and India (+5.6% per year).

Import Prices by Country

In 2021, the average drawing chalk import price amounted to $X per unit, dropping by -16.7% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawing chalk import price increased by +2.8% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 35%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform