Bangladesh: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Bangladesh

After two years of growth, the Bangladeshi market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -90.7% to $X in 2021. In general, consumption showed a sharp shrinkage. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Bangladesh

In 2020, after six years of decline, there was significant decline in overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone, when their volume decreased by -48.8% to X tons. In general, exports continue to indicate a precipitous setback. The smallest decline of -30.9% was in 2015. The exports peaked at X tons in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted markedly to $X in 2020. Overall, exports saw a dramatic decrease. The smallest decline of -31.9% was in 2014. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Bangladesh, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Bangladesh.

From 2013 to 2020, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

In 2020, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, shrinking by -39.5% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price decreased by -1.5% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2013 to 2020, the rate of growth in terms of prices for Thailand amounted to +69.3% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Bangladesh

In 2021, approx. X tons of tiles, flagstones and similar articles of cement, concrete or artificial stone were imported into Bangladesh; which is down by -88.2% against 2020. In general, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 1,330% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone dropped significantly to $X in 2021. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 1,468% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Russia (X tons) and China (X tons) were the main suppliers of imports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Bangladesh, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +27.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Bangladesh, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.4% per year) and Hong Kong SAR (-11.4% per year).

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, with a decrease of -28.2% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for Russia ($X per ton) 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 (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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