Bangladesh: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Bangladesh

The Bangladeshi market for self-adhesive plastic tape in rolls of a width under 20cm fell to $X in 2022, shrinking by -11.6% 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, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +31.6% against 2018 indices. Consumption of peaked at $X in 2021, and then dropped in the following year.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Bangladesh

Exports of self-adhesive plastic tape in rolls of a width under 20cm from Bangladesh shrank to X tons in 2022, reducing by -7.6% compared with the year before. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 860%. Over the period under review, the exports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm amounted to $X in 2022. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 955% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Bangladesh, with a 74% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Canada exceeded the volume sent to the second major destination, India (X kg), more than tenfold. Portugal (X kg) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +166.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Portugal (+21,150.0% per year).

In value terms, Canada ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Bangladesh, comprising 61% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 20% share of total exports. It was followed by China, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +148.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+133.7% per year) and China (+5.7% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, surging by 18% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +11.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for self-adhesive plastic tape in rolls of a width under 20cm increased by +57.8% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 99%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to India ($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 Portugal (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Bangladesh

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm imported into Bangladesh reduced to X tons, which is down by -6.2% against the previous year. In general, imports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2014 when imports increased by 39% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm dropped to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +38.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 100% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Bangladesh, accounting for a 74% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-8.8% per year) and South Korea (-12.5% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Bangladesh, comprising 60% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by South Korea, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-4.1% per year) and South Korea (-4.0% per year).

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, falling by -7.2% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for self-adhesive plastic tape in rolls of a width under 20cm increased by +47.4% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :