Bangladesh: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Bangladesh

The Bangladeshi market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose modestly to $X in 2021, increasing by 2.1% 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, showed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Bangladesh

After two years of growth, overseas shipments of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -11.5% to X tons in 2021. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 160% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) shrank to $X in 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 240%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Bangladesh, with a 47% share of total exports. It was followed by the United Arab Emirates (X kg), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam stood at +5.2%.

In value terms, Vietnam ($X) remains the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Bangladesh, comprising 47% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to +11.4%.

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, flattening at the previous year. In general, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -9.0% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Bangladesh

In 2021, supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -0.8% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2020, and then contracted modestly in the following year.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) totaled $X in 2021. In general, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 32%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Turkey (X tons) and China (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Bangladesh, with a combined 52% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and India ($X) were the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Bangladesh, together accounting for 49% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +32.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, growing by 2.9% against the previous year. In general, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2013 an increase of 3.9% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform