Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh (CIF) - 2022

In 2022, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $6,356 per ton, picking up by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2021 an increase of 19%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($8,005 per ton) and Hong Kong SAR ($6,576 per ton), while the price for India ($5,815 per ton) and China ($6,277 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $2,829 per ton in 2022, falling by -19.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 90%. Over the period under review, the average export prices reached the maximum at $6,002 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($11,667 per ton), while the average price for exports to France ($2,314 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into Bangladesh amounted to 26K tons, approximately reflecting 2021. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses reached $164M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Bangladesh in 2022:

1. China (24.5K tons)
2. India (0.5K tons)
3. Poland (0.2K tons)
4. Hong Kong SAR (0.2K tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Bangladesh

Exports of footwear; parts, outer soles and heels, of rubber or plasticses from Bangladesh declined remarkably to 137 tons in 2022, with a decrease of -51.8% against 2021 figures. Overall, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2021 with an increase of 321%. As a result, the exports attained the peak of 283 tons, and then reduced notably in the following year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses reduced markedly to $387K in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 175% against the previous year. As a result, the exports attained the peak of $997K, and then declined remarkably in the following year.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Bangladesh in 2022:

1. France (88.4 tons)
2. Spain (44.6 tons)
3. Cambodia (1.7 tons)

Source: IndexBox Market Intelligence Platform