Bangladesh: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Bangladesh

The Bangladeshi halogenated hydrocarbon derivative market reduced notably to $X in 2022, dropping by -23.9% 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, however, recorded perceptible growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Halogenated Hydrocarbon Derivative Exports

Exports from Bangladesh

After two years of decline, overseas shipments of halogenated derivatives of hydrocarbons increased by 201% to X tons in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 3,725% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, halogenated hydrocarbon derivative exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 7,943% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons), the UK (X tons) and the United States (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Bangladesh, together accounting for 99.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +117.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Bangladesh were the United States ($X), India ($X) and the UK ($X).

Among the main countries of destination, the UK, with a CAGR of +127.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, shrinking by -48.3% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 335% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Bangladesh

In 2022, the amount of halogenated derivatives of hydrocarbons imported into Bangladesh reduced to X tons, with a decrease of -11% compared with 2021. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 50%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, halogenated hydrocarbon derivative imports declined notably to $X in 2022. Overall, imports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Bangladesh, with a 57% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+21.7% per year) and India (-5.0% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Bangladesh, comprising 46% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.1% per year) and Singapore (+10.0% per year).

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, dropping by -10.7% against the previous year. Overall, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 35%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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