Bangladesh: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Bangladesh

The Bangladeshi rubber tube and pipe market skyrocketed to $X in 2021, picking up by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Bangladesh

Rubber tube and pipe exports from Bangladesh soared to X tons in 2021, picking up by 50% against 2020 figures. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 137% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, rubber tube and pipe exports reduced notably to $X in 2021. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 236% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for rubber tube and pipe exports from Bangladesh, accounting for a 57% share of total exports. Moreover, rubber tube and pipe exports to Indonesia exceeded the volume sent to the second major destination, Spain (X kg), sixfold. The third position in this ranking was taken by Japan (X kg), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +390.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.1% per year) and Japan (-4.8% per year).

In value terms, Spain ($X), Indonesia ($X) and India ($X) constituted the largest markets for rubber tube and pipe exported from Bangladesh worldwide, together comprising 48% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +515.0%, saw 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 rubber tube and pipe export price amounted to $X per ton, dropping by -63.8% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2014 an increase of 142% against the previous year. The export price peaked at $X per ton in 2020, and then fell significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+99.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Bangladesh

In 2021, the amount of tubes, pipes and hoses of vulcanized rubber imported into Bangladesh soared to X tons, picking up by 30% compared with the previous year. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 370% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 96%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest rubber tube and pipe supplier to Bangladesh, with a 60% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.7% per year) and Malaysia (+11.1% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Bangladesh, comprising 35% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.8% per year) and Malaysia (+16.3% per year).

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, surging by 29% against the previous year. Overall, the import price showed a perceptible expansion. The pace of growth was the most pronounced in 2018 an increase of 78% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+140.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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