Bangladesh: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Bangladesh

The Bangladeshi market for inorganic oxygen compounds of non-metals soared to $X in 2021, rising by 73% 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, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Bangladesh

In 2017, approx. X kg of inorganic oxygen compounds of non-metals were exported from Bangladesh; stabilizing at 2016 figures. Overall, exports posted significant growth. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the maximum in 2017 and are likely to see steady growth in years to come.

In value terms, inorganic oxygen compounds of non-metals exports stood at $X in 2017. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs in 2017 and are likely to see steady growth in the immediate term.

Exports by Country

Sri Lanka (X kg) was the main destination for inorganic oxygen compounds of non-metals exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Sri Lanka was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Sri Lanka was relatively modest.

Export Prices by Country

In 2017, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2014 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2017, the export prices remained at a lower figure.

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

From 2013 to 2017, the rate of growth in terms of prices for Sri Lanka amounted to 0.0% per year.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Bangladesh

Inorganic oxygen compounds of non-metals imports into Bangladesh soared to X tons in 2021, increasing by 68% on the previous year. In general, imports, however, saw a slight descent. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of inorganic oxygen compounds of non-metals to Bangladesh, with a 87% share of total imports. Moreover, inorganic oxygen compounds of non-metals imports from India exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+2.8% per year) and South Korea (+74.1% per year).

In value terms, India ($X) constituted the largest supplier of inorganic oxygen compounds of non-metals to Bangladesh, comprising 74% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 8% share of total imports. It was followed by South Korea, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+14.6% per year) and South Korea (+84.0% per year).

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, with an increase of 4% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inorganic oxygen compounds of non-metals import price decreased by -14.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 ($X per ton), while the price for India ($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 (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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