Bangladesh: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Bangladesh

The Bangladeshi self-adhesive printed label market fell to $X in 2022, reducing by -14.6% 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Self-Adhesive Printed Label Exports

Exports from Bangladesh

In 2022, the amount of self-adhesive printed labels exported from Bangladesh fell modestly to X tons, waning by -2.8% against 2021. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, self-adhesive printed label exports contracted slightly to $X in 2022. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 97% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of self-adhesive printed label exports from Bangladesh, together accounting for 56% of total exports. Myanmar, Germany, Sri Lanka and Canada lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +96.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) emerged as the key foreign market for self-adhesive printed labels exports from Bangladesh, comprising 23% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar amounted to +157.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+14.2% per year) and the United States (+33.8% per year).

Export Prices by Country

The average self-adhesive printed label export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Hong Kong SAR ($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 Myanmar (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Adhesive Printed Label Imports

Imports into Bangladesh

In 2022, self-adhesive printed label imports into Bangladesh contracted rapidly to X tons, declining by -19.9% compared with the previous year's figure. Over the period under review, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, self-adhesive printed label imports dropped to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +14.4% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 74%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Sri Lanka (X tons) were the main suppliers of self-adhesive printed label imports to Bangladesh, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +15.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X), China ($X) and Sri Lanka ($X) appeared to be the largest self-adhesive printed label suppliers to Bangladesh, together comprising 81% of total imports.

Sri Lanka, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average self-adhesive printed label import price stood at $X per ton in 2022, surging by 11% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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