Bangladesh: Plastic Household Ware Market 2025

Plastic Household Ware Market Size in Bangladesh

After four years of growth, the Bangladeshi plastic household ware market decreased by -0.8% to $X in 2021. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Plastic household ware consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Plastic Household Ware Production in Bangladesh

In value terms, plastic household ware production contracted slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 37%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Plastic Household Ware Exports

Exports from Bangladesh

In 2021, the amount of plastics household articles and toilet articles exported from Bangladesh surged to X tons, with an increase of 43% against 2020. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 51%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, plastic household ware exports surged to $X in 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 87%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of plastic household ware exports from Bangladesh, together accounting for 38% of total exports. China, South Korea, Sri Lanka, the UK, the United Arab Emirates, Spain, Japan, Canada, Germany and Australia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +229.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for plastics household articles and toilet articles exports from Bangladesh, comprising 22% of total exports. The second position in the ranking was taken by India ($X), with a 9.6% share of total exports. It was followed by the Netherlands, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +78.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+9.2% per year) and the Netherlands (+28.3% per year).

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, surging by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Sri Lanka (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Bangladesh

Plastic household ware imports into Bangladesh soared to X tons in 2021, with an increase of 23% compared with 2020 figures. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 1,254%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, plastic household ware imports surged to $X in 2021. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,915% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Sri Lanka (X tons) and the UK (X tons) were the main suppliers of plastic household ware imports to Bangladesh, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +302.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastics household articles and toilet articles to Bangladesh, comprising 68% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 20% share of total imports. It was followed by the UK, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+236.6% per year) and the UK (+69.3% per year).

Import Prices by Country

In 2021, the average plastic household ware import price amounted to $X per ton, increasing by 5.9% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic household ware import price increased by +13.6% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood 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 China ($X per ton), while the price for the United Arab Emirates ($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 (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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