Price for Silk; Woven Fabrics of Noil Silk in Bangladesh - 2022

Contents:

1. Price for Silk; Woven Fabrics of Noil Silk in Bangladesh (CIF) - 2022
2. Price for Silk; Woven Fabrics of Noil Silk in Bangladesh (FOB) - 2022
3. Imports of Silk; Woven Fabrics of Noil Silk in Bangladesh
4. Exports of Silk; Woven Fabrics of Noil Silk in Bangladesh

Price for Silk; Woven Fabrics of Noil Silk in Bangladesh (CIF) - 2022

The average import price for silk; woven fabrics of noil silks stood at $73,226 per ton in 2022, picking up by 4.4% against the previous year. In general, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 86%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($211,500 per ton), while the price for the United Arab Emirates ($6,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silk; Woven Fabrics of Noil Silk in Bangladesh (FOB) - 2022

In 2022, the average export price for silk; woven fabrics of noil silks amounted to $56,927 per ton, picking up by 141% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The export price peaked at $91,864 per ton in 2012; however, from 2013 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 India ($160,750 per ton), while the average price for exports to the United Arab Emirates ($7,400 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 Belgium (-12.3%).

Imports of Silk; Woven Fabrics of Noil Silk in Bangladesh

For the third year in a row, Bangladesh recorded decline in purchases abroad of silk; woven fabrics of noil silks, which decreased by -10.5% to 1.4 tons in 2022. Over the period under review, imports saw a abrupt decrease. The smallest decline of -9.6% was in 2021.

In value terms, imports of silk; woven fabrics of noil silks dropped to $103K in 2022. Overall, imports showed a deep reduction. The smallest decline of -6.5% was in 2020.

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Bangladesh in 2022:

1. Vietnam (1374.0 kg)
2. China (18.0 kg)
3. United Arab Emirates (4.0 kg)

Exports of Silk; Woven Fabrics of Noil Silk in Bangladesh

In 2022, the amount of silk; woven fabrics of noil silks exported from Bangladesh reduced dramatically to 41 kg, with a decrease of -92.6% on 2021 figures. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 9,133% against the previous year. As a result, the exports reached the peak of 554 kg, and then contracted dramatically in the following year.

In value terms, exports of silk; woven fabrics of noil silks fell markedly to $2.3K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 17,383% against the previous year. As a result, the exports attained the peak of $13K, and then fell remarkably in the following year.

Top Export Markets for Silk; Woven Fabrics of Noil Silk from Bangladesh in 2022:

1. United Arab Emirates (20.0 kg)
2. France (10.0 kg)
3. India (8.0 kg)
4. Chile (2.0 kg)
5. Belgium (1.0 kg)

Source: IndexBox Market Intelligence Platform