Bangladesh: Market for Refractory Bricks, Blocks and Tiles 2025

Market Size for Refractory Bricks, Blocks and Tiles in Bangladesh

In 2021, the Bangladeshi market for refractory bricks, blocks and tiles was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Refractory Bricks, Blocks and Tiles

Exports from Bangladesh

In 2021, the amount of refractory bricks, blocks and tiles exported from Bangladesh was estimated at X tons, picking up by 14% compared with the previous year. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 595%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, refractory bricks, blocks and tiles exports surged to $X in 2021. In general, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 with an increase of 472%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for refractory bricks, blocks and tiles exports from Bangladesh, accounting for a 74% share of total exports. Moreover, refractory bricks, blocks and tiles exports to the United States exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +32.9%.

In value terms, the United States ($X) emerged as the key foreign market for refractory bricks, blocks and tiles exports from Bangladesh, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +29.0%.

Export Prices by Country

The average export price for refractory bricks, blocks and tiles stood at $X per ton in 2021, picking up by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2018 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Refractory Bricks, Blocks and Tiles

Imports into Bangladesh

For the third consecutive year, Bangladesh recorded decline in supplies from abroad of refractory bricks, blocks and tiles, which decreased by -1.9% to X tons in 2021. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 264% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, refractory bricks, blocks and tiles imports soared to $X in 2021. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 209%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest refractory bricks, blocks and tiles supplier to Bangladesh, with a 62% share of total imports. Moreover, refractory bricks, blocks and tiles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and Thailand (+22.4% per year).

In value terms, China ($X) constituted the largest supplier of refractory bricks, blocks and tiles to Bangladesh, comprising 69% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.8% per year) and Germany (+31.9% per year).

Import Prices by Country

The average import price for refractory bricks, blocks and tiles stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 when the average import price increased by 48%. The import price peaked in 2021 and is likely to continue growth in the near future.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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