Bangladesh: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Bangladesh

In 2022, the Bangladeshi market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 13% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Bangladesh

In 2022, after two years of growth, there was significant decline in overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -31.5% to X tons. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning dropped to $X in 2022. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 145%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Bangladesh, with a 75% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to China exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to China stood at -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.9% per year) and Vietnam (-24.6% per year).

In value terms, China ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Bangladesh, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.7% per year) and Vietnam (-15.4% per year).

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, picking up by 45% against the previous year. In general, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 78%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Bangladesh

In 2022, overseas purchases of polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 1% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +1.9% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 25% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning surged to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), Indonesia (X tons) and Thailand (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Bangladesh, with a combined 82% share of total imports. India, Taiwan (Chinese), South Korea, Vietnam and Malaysia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +43.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Bangladesh were China ($X), Indonesia ($X) and Thailand ($X), with a combined 78% share of total imports. India, South Korea, Taiwan (Chinese), Malaysia and Vietnam lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Vietnam, with a CAGR of +34.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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