Bangladesh: Amino-Resin Market 2025

Amino-Resin Market Size in Bangladesh

In 2022, the Bangladeshi amino-resin market decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption, however, enjoyed a prominent increase. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Amino-Resin Exports

Exports from Bangladesh

In 2022, shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, amino-resin exports plummeted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Exports by Country

Malaysia (X tons) was the main destination for amino-resin exports from Bangladesh, accounting for a X% share of total exports. Moreover, amino-resin exports to Malaysia exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to X%.

In value terms, Malaysia ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled X%.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, flattening at the previous year. In general, the export price faced a deep reduction. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%).

Amino-Resin Imports

Imports into Bangladesh

In 2022, after ten years of growth, there was significant decline in overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, amino-resin imports reduced dramatically to $X in 2022. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of amino-resin to Bangladesh, with a X% share of total imports. Moreover, amino-resin imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, China ($X), the Netherlands ($X) and India ($X) were the largest amino-resin suppliers to Bangladesh, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform

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