Bangladesh: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in Bangladesh

The Bangladeshi plastic sanitary ware market reduced modestly to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a slight curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Plastic Sanitary Ware Production in Bangladesh

In value terms, plastic sanitary ware production fell to $X in 2022 estimated in export price. Overall, production saw a pronounced decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Plastic sanitary ware production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Plastic Sanitary Ware Exports

Exports from Bangladesh

In 2022, overseas shipments of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware decreased by X% to X units, falling for the second consecutive year after nine years of growth. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic sanitary ware exports fell to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped modestly in the following year.

Exports by Country

India (X units) was the main destination for plastic sanitary ware exports from Bangladesh, accounting for a X% share of total exports. Moreover, plastic sanitary ware exports to India exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Nepal (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Nepal (X% per year).

In value terms, India ($X) remains the key foreign market for plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average plastic sanitary ware export price amounted to $X per unit, leveling off at the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced a decline.

Plastic Sanitary Ware Imports

Imports into Bangladesh

Plastic sanitary ware imports into Bangladesh reduced sharply to X units in 2022, which is down by X% compared with 2021. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, plastic sanitary ware imports reduced remarkably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest plastic sanitary ware supplier to Bangladesh, with a X% share of total imports. Moreover, plastic sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

Import Prices by Country

The average plastic sanitary ware import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 India ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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