Bangladesh: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Bangladesh

The Bangladeshi anti-freezing preparations market soared to $X in 2021, jumping by 154% 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). Over the period under review, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Anti-Freezing Preparations Exports

Exports from Bangladesh

After five years of growth, overseas shipments of anti-freezing preparations and prepared de-icing fluids decreased by -17.6% to X tons in 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 958%. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, anti-freezing preparations exports expanded remarkably to $X in 2021. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 734%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons) was the main destination for anti-freezing preparations exports from Bangladesh, accounting for a 99% share of total exports. It was followed by Luxembourg (X kg), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +134.9%.

In value terms, Poland ($X) emerged as the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Bangladesh, comprising 95% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +164.5%.

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, increasing by 28% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, anti-freezing preparations export price increased by +80.1% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 40%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+33.2%).

Anti-Freezing Preparations Imports

Imports into Bangladesh

In 2021, anti-freezing preparations imports into Bangladesh soared to X tons, with an increase of 93% against the previous year's figure. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports soared to $X in 2021. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Singapore (X tons) and Sri Lanka (X tons) were the main suppliers of anti-freezing preparations imports to Bangladesh, together accounting for 48% of total imports. These countries were followed by the United Arab Emirates, Spain, the Netherlands, Japan, Malaysia, China and Thailand, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +34.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Bangladesh, comprising 27% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 9.4% share of total imports. It was followed by India, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Singapore stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+12.9% per year) and India (+9.2% per year).

Import Prices by Country

In 2021, the average anti-freezing preparations import price amounted to $X per ton, picking up by 41% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, anti-freezing preparations import price increased by +78.9% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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