Natural latex in primary forms market in Bangladesh

Earlier Report Observations

The market volume for natural latex in primary forms in Bangladesh showed a fluctuating trend from 2018 to 2023. Starting at 21 924 t in 2018, it rose by 5.7% to 23 180 t in 2019, then contracted by 3.9% to 22 281 t in 2020. Subsequent years saw stabilization, with a modest increase to 22 410 t in 2021, a growth to 23 514 t in 2022, and a slight decline to 23 383 t in 2023.

Underlying these movements were developments in the textile sector, a major consumer of latex. Expansion in textile and synthetic latex consumption in 2018 contributed to higher demand for latex materials, supporting market growth in 2019. Similarly, peak consumption levels in the synthetic latex market in 2021 coincided with renewed growth in natural latex demand.

In the later part of the period, government policies such as the National Export Policy 2024-27 and initiatives to promote local production over imports highlighted a focus on textiles and domestic manufacturing, factors that shape the natural latex market. Global conditions including raw material price volatility and supply chain challenges also influenced the market context.

Production natural latex in primary forms in Bangladesh

In kind, 2017-2020, t

From 2017 to 2020, Bangladesh ranked 21st globally in the production of natural latex in primary forms.

Top producers of natural latex in primary forms, 2017-2020

World map of production of natural latex in primary forms, 2017-2020

After two consecutive years of growth, Bangladesh's production of natural latex in primary forms declined. In 2020, the country produced 21 900 tonnes, marking a 4.8% decrease compared to the previous year. Over the period from 2017 to 2020, production increased by 4.3%, which translates to an average annual growth rate of 1.4%. The highest production volume was recorded in 2019 at 23 000 tonnes, while the most significant increase occurred in 2018 with a 7.1% rise.

Annual dynamics of production in Bangladesh in kind, 2017-2020, t

Exports natural latex in primary forms from Bangladesh

Exports in kind, t

In 2018, Bangladesh exported 1 321 tonnes of natural latex in primary forms, representing a 21.4% decline from the previous year.

Annual dynamics of product's exports from Bangladesh in kind, 2017-2020, t

Between 2017 and 2020, Malaysia and India were the primary export partners for Bangladesh in terms of volume, jointly accounting for 98.5% of total exports. The remaining share was distributed among other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bangladesh in kind, 2017-2020

Exports in value, K $ US

In 2018, Bangladesh's exports of natural latex in primary forms amounted to 1 576 thousand US dollars, a 34.9% decrease from 2017.

Annual dynamics of product's exports from Bangladesh in value, 2017-2020, K $ US

From 2017 to 2020, Malaysia and India dominated Bangladesh's export structure in value terms, with other countries making up the remainder.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bangladesh in value, 2017-2020

Imports natural latex in primary forms to Bangladesh

Imports in kind, t

The import market for natural latex in primary forms showed volatility during the observed period. Imports reached their lowest point in 2019 at 180 tonnes and peaked in 2018 at 745 tonnes, resulting in a 4.1-fold difference between these years. In 2020, Bangladesh imported a total of 1 800 tonnes, indicating a sharp increase of 111.9% compared to the previous year. The most significant decline occurred in 2019 with a 75.9% drop.

Annual dynamics of product's imports to Bangladesh in kind, 2017-2020, t

From 2017 to 2020, Thailand, Vietnam, and South Korea were the main sources of imports for Bangladesh in volume terms. Thailand accounted for 47.2% of imports, Vietnam for 19.8%, and South Korea for 13.7%, together comprising 80.7% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bangladesh in kind, 2017-2020

Imports in value, K $ US

In 2020, Bangladesh's imports of natural latex in primary forms totaled 766 thousand US dollars, reflecting a sudden increase of 29.8% from the previous year. Over the period from 2017 to 2020, imports decreased by 34.3%, equivalent to an average annual decline of 13.1%. The lowest value was recorded in 2019 at 590 thousand US dollars, while the highest was in 2018 at 1 503 thousand US dollars. The largest decline occurred in 2019 with a 60.7% drop.

Annual dynamics of product's imports to Bangladesh in value, 2017-2020, K $ US

Between 2017 and 2020, South Korea, Thailand, and Vietnam accounted for the largest share of Bangladesh's imports in value terms. South Korea contributed 34.0%, Thailand 30.7%, and Vietnam 15.1%, together making up 79.8% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bangladesh in value, 2017-2020