Bangladesh: Table Flatware Market 2024

Table Flatware Market Size in Bangladesh

The Bangladeshi table flatware market fell modestly to $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +0.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Table Flatware Production in Bangladesh

In value terms, table flatware production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 36% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Table Flatware Exports

Exports from Bangladesh

In 2022, approx. X tons of table flatware were exported from Bangladesh; leveling off at 2021 figures. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 135% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, table flatware exports contracted to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 116% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for table flatware exports from Bangladesh, with a 55% share of total exports. Moreover, table flatware exports to the UK exceeded the volume sent to the second major destination, France (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+190.6% per year) and China (+369.9% per year).

In value terms, the UK ($X) remains the key foreign market for table flatware exports from Bangladesh, comprising 65% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+304.0% per year) and the United Arab Emirates (+64.0% per year).

Export Prices by Country

In 2022, the average table flatware export price amounted to $X per ton, declining by -3.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 23%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($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 the United Arab Emirates (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Table Flatware Imports

Imports into Bangladesh

Table flatware imports into Bangladesh totaled X tons in 2022, therefore, remained relatively stable against 2021 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 155% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, table flatware imports stood at $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 401% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of table flatware to Bangladesh, with a 97% share of total imports. It was followed by India (X tons), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +24.7%.

In value terms, China ($X) constituted the largest supplier of table flatware to Bangladesh, comprising 99% of total imports. The second position in the ranking was held by India ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +30.9%.

Import Prices by Country

In 2022, the average table flatware import price amounted to $X per ton, with an increase of 2.3% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table flatware import price decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 96%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.6%).

Source: IndexBox Platform

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