Bangladesh: Polyethylene Glycol Wax Market 2025

Polyethylene Glycol Wax Market Size in Bangladesh

The Bangladeshi polyethylene glycol wax market soared to $X in 2021, increasing by 69% 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 continues to indicate a buoyant increase. Polyethylene glycol wax consumption peaked in 2021 and is likely to see steady growth in the near future.

Polyethylene Glycol Wax Exports

Exports from Bangladesh

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were exported from Bangladesh; approximately equating the previous year's figure. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 32% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax exports totaled $X in 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 509%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for polyethylene glycol wax exports from Bangladesh, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Canada totaled -29.1%.

From 2015 to 2021, the average annual growth rate of value to Canada stood at -29.2%.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 360% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2015 to 2021, the rate of growth in terms of prices for Canada amounted to -0.2% per year.

Polyethylene Glycol Wax Imports

Imports into Bangladesh

In 2021, approx. X tons of artificial and prepared waxes of polyethylene glycol were imported into Bangladesh; rising by 39% on the previous year's figure. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 172%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene glycol wax imports soared to $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 161%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Indonesia (X tons) and Hong Kong SAR (X tons) were the main suppliers of polyethylene glycol wax imports to Bangladesh, together accounting for 35% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +45.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Belgium ($X) were the largest polyethylene glycol wax suppliers to Bangladesh, together accounting for 41% of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +46.5%, 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

In 2021, the average polyethylene glycol wax import price amounted to $X per ton, with an increase of 40% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene glycol wax import price increased by +57.6% against 2019 indices. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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