Bangladesh: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Bangladesh

The Bangladeshi market for cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022, waning by -14% 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 saw a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Bangladesh

Exports of cellular plates, sheets and films of polyymers of styrene from Bangladesh soared to X tons in 2022, picking up by 60% against the previous year. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 155%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 219% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) and Cambodia (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Bangladesh.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +17.9%).

In value terms, Cambodia ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Bangladesh, comprising 68% of total exports. The second position in the ranking was held by Myanmar ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at +17.2%.

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, which is down by -25.3% against the previous year. In general, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. The export price peaked at $X per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Myanmar totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+11.6%).

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Bangladesh

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene imported into Bangladesh shrank to X tons, with a decrease of -13.9% against 2021. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 102%. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene contracted to $X in 2022. Overall, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2019 when imports increased by 80%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Bangladesh, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Bangladesh were Indonesia ($X), South Korea ($X) and China ($X), together comprising 91% of total imports.

In terms of the main suppliers, China, with a CAGR of +26.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, approximately mirroring the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +58.7% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :