Bangladesh: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Bangladesh

The Bangladeshi market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021, increasing by 22% 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 posted buoyant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Bangladesh

After two years of decline, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by 0% to X tons in 2021. Overall, exports saw a sharp slump. The pace of growth was the most pronounced in 2016 when exports increased by 88% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2021. Over the period under review, exports showed a dramatic descent. The pace of growth was the most pronounced in 2015 when exports increased by 12% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Bangladesh, with a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to the United States was relatively modest.

From 2014 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, standing approx. at the previous year. In general, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

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

From 2014 to 2021, the rate of growth in terms of prices for South Korea amounted to +94.3% per year.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Bangladesh

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into Bangladesh; picking up by 8.8% compared with 2020 figures. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 236% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 205% against the previous year. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Bangladesh, accounting for a 44% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.7% per year) and Saudi Arabia (+49.9% per year).

In value terms, China ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Bangladesh, comprising 40% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.2% per year) and Saudi Arabia (+43.8% per year).

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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