Bangladesh: Ski-Suit Market 2024

Ski-Suit Market Size in Bangladesh

After five years of decline, the Bangladeshi ski-suit market increased by 23% to $X in 2021. Overall, consumption, however, recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Ski-Suit Production in Bangladesh

In value terms, ski-suit production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 85%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Ski-Suit Exports

Exports from Bangladesh

In 2021, approx. X units of ski-suits (excluding of knitted or crocheted textiles) were exported from Bangladesh; reducing by -34.6% against 2020 figures. In general, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2019 when exports increased by 96%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, ski-suit exports fell significantly to $X in 2021. Over the period under review, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 59% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and the UK (X units) were the main destinations of ski-suit exports from Bangladesh, together comprising 41% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +47.9%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Russia ($X) constituted the largest markets for ski-suit exported from Bangladesh worldwide, together accounting for 30% of total exports. The United States, the UK, Canada, Turkey, Spain, France, the Czech Republic, the Netherlands, Poland and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, the UK, with a CAGR of +43.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ski-suit export price amounted to $X per unit, with an increase of 3.2% against the previous year. Over the period under review, the export price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2014 an increase of 18%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ski-Suit Imports

Imports into Bangladesh

In 2021, supplies from abroad of ski-suits (excluding of knitted or crocheted textiles) decreased by -23.5% to X units, falling for the second year in a row after two years of growth. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 965% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ski-suit imports contracted rapidly to $X in 2021. Over the period under review, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2018 with an increase of 444% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Pakistan (X units), India (X units) and China (X units) were the main suppliers of ski-suit imports to Bangladesh, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +22.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X) constituted the largest supplier of ski-suits (excluding of knitted or crocheted textiles) to Bangladesh, comprising 73% of total imports. The second position in the ranking was taken by India ($X), with a 24% share of total imports. It was followed by China, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from Pakistan totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.7% per year) and China (-36.4% per year).

Import Prices by Country

The average ski-suit import price stood at $X per unit in 2021, stabilizing at the previous year. In general, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 44% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Pakistan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+112.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :