Bangladesh: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Bangladesh

The Bangladeshi market for plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021, picking up by 44% 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). In general, consumption saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Bangladesh

In 2021, shipments abroad of plastic plates, sheets, film, foil and strip decreased by -13% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 373%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, exports of plastic plates, sheets, film, foil and strip reduced remarkably to $X in 2021. In general, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 269%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

China (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Bangladesh, with a 84% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to China exceeded the volume sent to the second major destination, Nigeria (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +98.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+204.3% per year) and India (-0.3% per year).

In value terms, China ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Bangladesh, comprising 67% of total exports. The second position in the ranking was held by Jordan ($X), with a 9.6% share of total exports. It was followed by Nigeria, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +57.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (0.0% per year) and Nigeria (+113.6% per year).

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, declining by -2.7% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 5.5%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-11.2%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Bangladesh

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were imported into Bangladesh; picking up by 26% against 2020. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 33%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic plate, sheet, film, foil and strip to Bangladesh, with a 39% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.3% per year) and Thailand (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Bangladesh, comprising 46% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by Thailand, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.5% per year) and Thailand (+5.1% per year).

Import Prices by Country

The average import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Indonesia ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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