Updated Jan 3, 2023 04:49

Market for Roofing Tiles, Chimney-Pots, Cowls, Chimney Liners in Bangladesh

Market Overview
The Bangladeshi market for roofing tiles, chimney-pots, cowls, chimney liners fell significantly to $ in , which is down by -% 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, however, continues to indicate strong growth. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.


Consumption
In , the amount of roofing tiles, chimney-pots, cowls, chimney liners consumed in Bangladesh contracted significantly to units, dropping by -% against figures. Over the period under review, consumption, however, saw a resilient expansion. Consumption of peaked at units in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.

The value of the market for roofing tiles, chimney-pots, cowls, chimney liners in Bangladesh contracted markedly to $ in , with a decrease of -% 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). Overall, consumption, however, saw a strong expansion. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for roofing tiles, chimney-pots, cowls, chimney liners in Bangladesh, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Roofing tiles, chimney-pots, cowls, chimney liners market in Bangladesh consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Bangladesh relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Bangladesh remains a net importer of roofing tiles, chimney-pots, cowls, chimney liners; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.