Bangladesh: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2025

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Bangladesh

In 2022, the Bangladeshi knitted shawl and scarf market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.5% against 2019 indices. Knitted shawl and scarf consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Bangladesh

In value terms, knitted shawl and scarf production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 50%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Bangladesh

In 2022, knitted shawl and scarf exports from Bangladesh reduced dramatically to X units, declining by -21.7% against 2021 figures. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 481% against the previous year. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, knitted shawl and scarf exports plummeted to $X in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 503% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Russia (X units) was the main destination for knitted shawl and scarf exports from Bangladesh, accounting for a 90% share of total exports. Moreover, knitted shawl and scarf exports to Russia exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +122.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+21.4% per year) and Germany (+8.9% per year).

In value terms, Russia ($X) remains the key foreign market for shawls, scarves and the like of knitted or crocheted textiles exports from Bangladesh, comprising 62% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by the United States, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +119.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+35.8% per year) and the United States (+17.7% per year).

Export Prices by Country

In 2022, the average knitted shawl and scarf export price amounted to $X per unit, remaining constant against the previous year. Overall, the export price continues to indicate measured growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 79%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Germany ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Bangladesh

In 2022, after six years of growth, there was significant decline in supplies from abroad of shawls, scarves and the like of knitted or crocheted textiles, when their volume decreased by -26.2% to X units. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2014 when imports increased by 372%. Imports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, knitted shawl and scarf imports contracted rapidly to $X in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2014 when imports increased by 295% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, China (X units) was the main knitted shawl and scarf supplier to Bangladesh, with a 99% share of total imports. It was followed by Hong Kong SAR (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +61.7%.

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Bangladesh, comprising 97% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +37.6%.

Import Prices by Country

In 2022, the average knitted shawl and scarf import price amounted to $X per unit, growing by 4.7% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat 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 Hong Kong SAR ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-7.1%).

Source: IndexBox Platform

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