Bangladesh: Silk Fabric Market 2025

Silk Fabric Market Size in Bangladesh

The Bangladeshi silk fabric market skyrocketed to $X in 2021, with an increase of 169% 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). In general, consumption posted tangible growth. Silk fabric consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Silk Fabric Exports

Exports from Bangladesh

In 2021, overseas shipments of woven fabrics of silk or of silk waste increased by 0.2% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by 316% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, silk fabric exports soared to $X in 2021. Overall, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 195%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for silk fabric exports from Bangladesh, with a 12% share of total exports. Moreover, silk fabric exports to the United Arab Emirates exceeded the volume sent to the second major destination, Italy (X square meters), threefold. The third position in this ranking was held by Oman (X square meters), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-7.1% per year) and Oman (-27.1% per year).

In value terms, Italy ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Bangladesh, comprising 5.8% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.4% share of total exports. It was followed by Denmark, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-4.6% per year) and Denmark (-14.8% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2021, with an increase of 21% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2019 an increase of 98% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per square meter), while the average price for exports to Sri Lanka ($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 India (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Bangladesh

In 2021, silk fabric imports into Bangladesh surged to X square meters, jumping by 117% against the previous year's figure. Over the period under review, imports, however, showed a abrupt decrease. Imports peaked at X square meters in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, silk fabric imports soared to $X in 2021. Overall, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X square meters) constituted the largest silk fabric supplier to Bangladesh, with a 68% share of total imports. Moreover, silk fabric imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Indonesia (X square meters), sixfold. The third position in this ranking was held by India (X square meters), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+25.0% per year) and India (+24.9% per year).

In value terms, India ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Bangladesh, comprising 57% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.7% per year) and China (-9.2% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, jumping by 31% against the previous year. Overall, the import price continues to indicate strong growth. The growth pace was the most rapid in 2018 when the average import price increased by 64% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for Hong Kong SAR ($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 China (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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