Bangladesh: Non-Cotton Terry Towelling Market 2025

Non-Cotton Terry Towelling Market Size in Bangladesh

For the seventh year in a row, the Bangladeshi non-cotton terry towelling market recorded decline in sales value, which decreased by -7.7% to $X in 2021. Overall, consumption recorded a noticeable decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Cotton Terry Towelling Production in Bangladesh

In value terms, non-cotton terry towelling production stood at $X in 2021 estimated in export price. Over the period under review, production saw a mild decline. Non-cotton terry towelling production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Cotton Terry Towelling Exports

Exports from Bangladesh

For the tenth consecutive year, Bangladesh recorded growth in overseas shipments of terry towelling (excluding of cotton), which increased by 28% to X square meters in 2021. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cotton terry towelling exports surged to $X in 2021. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X square meters) was the main destination for non-cotton terry towelling exports from Bangladesh, accounting for a 86% share of total exports. Moreover, non-cotton terry towelling exports to the United States exceeded the volume sent to the second major destination, Canada (X square meters), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.8% per year) and the UK (-10.2% per year).

In value terms, the United States ($X) remains the key foreign market for terry towelling (excluding of cotton) exports from Bangladesh, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.2% per year) and the UK (-4.5% per year).

Export Prices by Country

In 2021, the average non-cotton terry towelling export price amounted to $X per square meter, shrinking by -5.5% against the previous year. Over the period under review, the export price showed a perceptible reduction. The growth pace was the most rapid in 2013 when the average export price decreased by -2.6%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.3%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into Bangladesh

In 2021, after two years of growth, there was significant decline in overseas purchases of terry towelling (excluding of cotton), when their volume decreased by -45% to X square meters. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 171% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-cotton terry towelling imports reduced dramatically to $X in 2021. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 1,279,400% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hong Kong SAR (X square meters) constituted the largest supplier of non-cotton terry towelling to Bangladesh, with a 57% share of total imports. Moreover, non-cotton terry towelling imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), twofold. The third position in this ranking was held by Turkey (X square meters), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Hong Kong SAR stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-18.8% per year) and Turkey (-28.5% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Bangladesh, comprising 83% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.2% share of total imports. It was followed by the United Arab Emirates, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR amounted to +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-16.5% per year) and the United Arab Emirates (+5.4% per year).

Import Prices by Country

In 2021, the average non-cotton terry towelling import price amounted to $X per square meter, stabilizing at the previous year. Over the period under review, the import price showed a strong increase. The growth pace was the most rapid in 2020 an increase of 61% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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