Report Update Nov 1, 2024

Bangladesh - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Bangladesh

For the third year in a row, the Bangladeshi vulcanised rubber thread market recorded growth in sales value, which increased by 63% to $X in 2021. Overall, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Exports

Exports from Bangladesh

In 2021, exports of vulcanised rubber thread and cord from Bangladesh shrank rapidly to X kg, reducing by -19.9% against 2020. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports reduced to $X in 2021. In general, exports recorded a significant decrease. The smallest decline of -4.2% was in 2016. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for vulcanised rubber thread exports from Bangladesh, with a approx. 56% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for vulcanised rubber thread and cord exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the export price recorded a slight expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.3%).

Vulcanised Rubber Thread Imports

Imports into Bangladesh

For the tenth year in a row, Bangladesh recorded growth in supplies from abroad of vulcanised rubber thread and cord, which increased by 30% to X tons in 2021. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, vulcanised rubber thread imports surged to $X in 2021. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of vulcanised rubber thread to Bangladesh, accounting for a 66% share of total imports. Moreover, vulcanised rubber thread imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.2% per year) and China (+60.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of vulcanised rubber thread and cord to Bangladesh, comprising 66% of total imports. The second position in the ranking was held by Thailand ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Malaysia totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+21.9% per year) and China (+66.1% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, picking up by 35% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vulcanised rubber thread and cord in the world?

China constituted the country with the largest volume of vulcanised rubber thread consumption, comprising approx. 32% of total volume. Moreover, vulcanised rubber thread consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by the U.S., with a 7.4% share.

What are the largest producers of vulcanised rubber thread and cord in the world?

Thailand constituted the country with the largest volume of vulcanised rubber thread production, accounting for 49% of total volume. Moreover, vulcanised rubber thread production in Thailand exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of vulcanised rubber thread and cord to Bangladesh?

In value terms, Malaysia constituted the largest supplier of vulcanised rubber thread to Bangladesh, comprising 67% of total imports. The second position in the ranking was occupied by Thailand, with a 27% share of total imports.

What is the average export price for vulcanised rubber thread and cord in Bangladesh?

The average vulcanised rubber thread export price stood at $3,839 per ton in 2020, remaining relatively unchanged against the previous year.

What is the average import price for vulcanised rubber thread and cord in Bangladesh?

The average vulcanised rubber thread import price stood at $2,447 per ton in 2020, dropping by -9% against the previous year.

This report provides an in-depth analysis of the vulcanised rubber thread market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22192050 - Vulcanised rubber thread and cord

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023