Report Update Nov 1, 2024

Bangladesh - Woven Fabrics of Flax - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Flax Fabric Market 2024

Flax Fabric Market Size in Bangladesh

The Bangladeshi flax fabric market rose notably to $X in 2022, with an increase of 5.7% against the previous year. Overall, consumption recorded a precipitous slump. Flax fabric consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Flax Fabric Production in Bangladesh

In value terms, flax fabric production surged to $X in 2022 estimated in export price. Overall, production, however, saw a deep slump. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Flax Fabric Exports

Exports from Bangladesh

In 2022, the amount of woven fabrics of flax exported from Bangladesh amounted to X tons, surging by 11% against the year before. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 459%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, flax fabric exports surged to $X in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 33,953% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Portugal (X tons) was the main destination for flax fabric exports from Bangladesh, accounting for a 81% share of total exports. Moreover, flax fabric exports to Portugal exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold.

From 2020 to 2022, the average annual rate of growth in terms of volume to Portugal totaled +285.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-5.8% per year) and India (+16.3% per year).

In value terms, the largest markets for flax fabric exported from Bangladesh were Portugal ($X), India ($X) and Japan ($X), together accounting for 63% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +30.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average flax fabric export price stood at $X per ton in 2022, rising by 5.9% against the previous year. In general, the export price, however, showed a precipitous decline. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.0%), while the prices for the other major destinations experienced a decline.

Flax Fabric Imports

Imports into Bangladesh

In 2022, after ten years of growth, there was significant decline in overseas purchases of woven fabrics of flax, when their volume decreased by -17.1% to X tons. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, flax fabric imports dropped significantly to $X in 2022. Overall, imports recorded a mild decline. The pace of growth appeared the most rapid in 2014 when imports increased by 1,148%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of flax fabric to Bangladesh, with a 98% share of total imports. It was followed by Hong Kong SAR (X tons), with a 0.8% share of total imports.

From 2020 to 2022, the average annual growth rate of volume from China stood at +13.7%.

In value terms, China ($X) constituted the largest supplier of woven fabrics of flax to Bangladesh, comprising 98% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 0.6% share of total imports.

From 2020 to 2022, the average annual rate of growth in terms of value from China totaled +12.2%.

Import Prices by Country

The average flax fabric import price stood at $X per ton in 2022, rising by 1.5% against the previous year. Overall, the import price, however, saw a mild decline. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR amounted to $X per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of flax in the world?

The countries with the highest volumes of in 2021 were China, Afghanistan and the United States, with a combined 32% share of global consumption.

What are the largest producers of woven fabrics of flax in the world?

China remains the largest flax fabric producing country worldwide, accounting for 41% of total volume. Moreover, flax fabric production in China exceeded the figures recorded by the second-largest producer, Russia, fivefold. The third position in this ranking was occupied by India, with an 8.3% share.

What are the leading suppliers of woven fabrics of flax to Bangladesh?

In value terms, China constituted the largest supplier of flax fabric to Bangladesh, comprising 86% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 9.9% share of total imports.

What are the leading importers of woven fabrics of flax from Bangladesh?

In value terms, India, China and Belgium were the largest markets for flax fabric exported from Bangladesh worldwide, with a combined 93% share of total exports.

What is the average export price for woven fabrics of flax in Bangladesh?

The average flax fabric export price stood at $29,808 per ton in 2021, rising by 20% against the previous year.

What is the average import price for woven fabrics of flax in Bangladesh?

In 2021, the average flax fabric import price amounted to $13,002 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the flax fabric 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 13201330 - Woven fabrics of flax, containing . .85 % by weight of flax
Prodcom 13201360 - Woven fabrics of flax, containing < .85 % by weight of flax

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