Bangladesh: Drawing Board Market 2024

Drawing Board Market Size in Bangladesh

In 2022, the Bangladeshi drawing board market increased by 3.8% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a pronounced slump. Drawing board consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Drawing Board Exports

Exports from Bangladesh

In 2022, after five years of decline, there was significant growth in shipments abroad of slates and boards with writing or drawing surfaces, when their volume increased by 115% to X units. Over the period under review, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2014 when exports increased by 362% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for drawing board exports from Bangladesh, with a 61% share of total exports. Moreover, drawing board exports to Germany exceeded the volume sent to the second major destination, Poland (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1,680.0% per year) and the Czech Republic (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for slates and boards with writing or drawing surfaces exports from Bangladesh, comprising 78% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Poland (+315.2% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, surging by 53% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 172%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Kuwait (+202.6%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Bangladesh

In 2022, drawing board imports into Bangladesh expanded to X units, increasing by 2.5% against 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 84% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing board imports amounted to $X in 2022. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 74%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest supplier of drawing board to Bangladesh, accounting for a 75% share of total imports. Moreover, drawing board imports from India exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.6% per year) and Thailand (-2.2% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Bangladesh, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by Thailand, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.2% per year) and Thailand (-5.2% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, rising by 3.4% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 64%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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