Bangladesh: Basic Dye Market 2024

Basic Dye Market Size in Bangladesh

The Bangladeshi basic dye market skyrocketed to $X in 2021, surging by 17% 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, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.7% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Basic Dye Exports

Exports from Bangladesh

In 2021, approx. X kg of basic dyes and preparations based thereon were exported from Bangladesh; approximately equating the previous year. Overall, exports saw a precipitous decline. The smallest decline of -71.4% was in 2020. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, basic dye exports dropped significantly to $X in 2021. Over the period under review, exports recorded a dramatic downturn. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X kg) was the main destination for basic dye exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to Singapore was relatively modest.

In value terms, Singapore ($X) emerged as the key foreign market for basic dyes and preparations based thereon exports from Bangladesh.

From 2019 to 2021, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, which is down by -21.7% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

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

From 2019 to 2021, the rate of growth in terms of prices for Thailand amounted to +20.2% per year.

Basic Dye Imports

Imports into Bangladesh

In 2021, purchases abroad of basic dyes and preparations based thereon was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 30% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, basic dye imports soared to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.7% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 30% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of basic dye imports to Bangladesh, with a combined 57% share of total imports. These countries were followed by Thailand, South Korea, Singapore and Italy, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +74.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest basic dye suppliers to Bangladesh were Taiwan (Chinese) ($X), Thailand ($X) and India ($X), with a combined 49% share of total imports.

Thailand, with a CAGR of +80.4%, recorded the highest growth rate of 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

In 2021, the average basic dye import price amounted to $X per ton, increasing by 3.4% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, basic dye import price decreased by -12.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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