Report Update Nov 1, 2024

Bangladesh - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Abrasives Market 2024

Abrasives Market Size in Bangladesh

The Bangladeshi abrasives market rose remarkably to $X in 2021, growing by 11% 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 continues to indicate a buoyant increase. Abrasives consumption peaked in 2021 and is expected to retain growth in years to come.

Abrasives Exports

Exports from Bangladesh

For the fourth year in a row, Bangladesh recorded growth in shipments abroad of abrasives (natural), which increased by 77% to X kg in 2021. In general, exports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 293%. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, abrasives exports soared to $X in 2021. Over the period under review, exports showed a moderate increase. The pace of growth appeared the most rapid in 2018 when exports increased by 346% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X kg) was the main destination for abrasives exports from Bangladesh, with a 72% share of total exports. Moreover, abrasives exports to Belgium exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Canada (-37.5% per year).

In value terms, the largest markets for abrasives exported from Bangladesh were Belgium ($X), Saudi Arabia ($X) and Canada ($X).

Belgium, with a CAGR of +8.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, increasing by 42% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of 59% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Abrasives Imports

Imports into Bangladesh

In 2021, the amount of abrasives (natural) imported into Bangladesh rose notably to X tons, with an increase of 5.7% compared with the previous year's figure. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 71% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, abrasives imports surged to $X in 2021. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2015 when imports increased by 138% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of abrasives to Bangladesh, accounting for a 49% share of total imports. It was followed by India (X tons), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +14.8%.

In value terms, Turkey ($X) constituted the largest supplier of abrasives (natural) to Bangladesh, comprising 49% of total imports. The second position in the ranking was held by India ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +8.9%.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, increasing by 9.5% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 61%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-5.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for abrasives (natural) in the world?

The country with the largest volume of abrasives consumption was Turkey, accounting for 44% of total volume. Moreover, abrasives consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of abrasives (natural) in the world?

The country with the largest volume of abrasives production was Turkey, comprising approx. 43% of total volume. Moreover, abrasives production in Turkey exceeded the figures recorded by the second-largest producer, Greece, fourfold. China ranked third in terms of total production with a 9% share.

What are the leading suppliers of abrasives (natural) to Bangladesh?

In value terms, Turkey constituted the largest supplier of abrasives to Bangladesh, comprising 90% of total imports. The second position in the ranking was occupied by India, with a 4.2% share of total imports.

What are the leading importers of abrasives (natural) from Bangladesh?

In value terms, Belgium $575) remains the key foreign market for abrasives exports from Bangladesh, comprising 99% of total exports. The second position in the ranking was occupied by Canada $7), with a 1.2% share of total exports.

What is the average export price for abrasives (natural) in Bangladesh?

In 2021, the average abrasives export price amounted to $3,345 per ton, which is down by -12.2% against the previous year.

What is the average import price for abrasives (natural) in Bangladesh?

In 2021, the average abrasives import price amounted to $70 per ton, surging by 3.2% against the previous year.

This report provides an in-depth analysis of the abrasives market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
Prodcom 08992220 -
Prodcom 08992230 -

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023