Bangladesh: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Bangladesh

The Bangladeshi market for PVC floor, wall and ceiling coverings reduced to $X in 2022, falling by -3.5% 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). Overall, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Bangladesh

In 2022, exports of pvc floor, wall and ceiling coverings from Bangladesh fell markedly to X square meters, waning by -64.5% on the previous year. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 4,588%. Over the period under review, the exports of attained the maximum at X square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of PVC floor, wall and ceiling coverings expanded slightly to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 3,641% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X square meters), the Czech Republic (X square meters) and the Philippines (X square meters) were the main destinations of exports of PVC floor, wall and ceiling coverings from Bangladesh, together comprising 95% of total exports. Luxembourg lagged somewhat behind, comprising a further 3.5%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +3,800.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and the Philippines ($X) constituted the largest markets for PVC floor, wall and ceiling coverings exported from Bangladesh worldwide, with a combined 99% share of total exports. These countries were followed by Luxembourg, which accounted for a further 0.5%.

Luxembourg, with a CAGR of +620.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, with an increase of 189% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices attained the peak figure at $X per square meter 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 the Czech Republic ($X per square meter), while the average price for exports to the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.1%), while the prices for the other major destinations experienced a decline.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Bangladesh

In 2022, approx. X square meters of PVC floor, wall and ceiling coverings were imported into Bangladesh; dropping by -2.2% compared with 2021 figures. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 129%. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of PVC floor, wall and ceiling coverings shrank to $X in 2022. Over the period under review, imports saw a pronounced setback. The growth pace was the most rapid in 2016 with an increase of 219%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest PVC floor, wall and ceiling coverings supplier to Bangladesh, accounting for a 73% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Taiwan (Chinese) (X square meters) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-29.2% per year) and Taiwan (Chinese) (+10.4% per year).

In value terms, China ($X) constituted the largest supplier of PVC floor, wall and ceiling coverings to Bangladesh, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with a 5.2% share of total imports. It was followed by Thailand, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-19.4% per year) and Thailand (-26.2% per year).

Import Prices by Country

In 2022, the average import price for PVC floor, wall and ceiling coverings amounted to $X per square meter, with a decrease of -6.4% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 75%. The import price peaked at $X per square meter in 2019; however, from 2020 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 ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :