Bangladesh: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2024

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in Bangladesh

The Bangladeshi market for non-soap surface-active washing and cleaning preparations surged to $X in 2021, growing by 79% 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). Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports from Bangladesh

In 2021, approx. X tons of non-soap surface-active washing and cleaning preparations were exported from Bangladesh; with a decrease of -53.6% compared with the year before. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 447%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of non-soap surface-active washing and cleaning preparations reduced sharply to $X in 2021. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 573%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for exports of non-soap surface-active washing and cleaning preparations from Bangladesh, with a 34% share of total exports. Moreover, exports of non-soap surface-active washing and cleaning preparations to Vietnam exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was held by Maldives (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+53.1% per year) and Maldives (+2.2% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for non-soap surface-active washing and cleaning preparations exports from Bangladesh, comprising 32% of total exports. The second position in the ranking was held by Maldives ($X), with a 9.1% share of total exports. It was followed by Poland, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+11.4% per year) and Poland (+46.6% per year).

Export Prices by Country

The average export price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, jumping by 61% against the previous year. In general, the export price, however, saw a noticeable contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports into Bangladesh

Imports of non-soap surface-active washing and cleaning preparations into Bangladesh soared to X tons in 2021, surging by 47% compared with the previous year's figure. Overall, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of non-soap surface-active washing and cleaning preparations soared to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), China (X tons) and South Korea (X tons) were the main suppliers of imports of non-soap surface-active washing and cleaning preparations to Bangladesh, together comprising 59% of total imports. Singapore, Taiwan (Chinese), Thailand, Germany, Turkey, Indonesia, Sri Lanka and Malaysia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-soap surface-active washing and cleaning preparations suppliers to Bangladesh were China ($X), India ($X) and Singapore ($X), together comprising 49% of total imports. Germany, South Korea, Turkey, Taiwan (Chinese), Thailand, Indonesia, Sri Lanka and Malaysia lagged somewhat behind, together accounting for a further 21%.

Sri Lanka, with a CAGR of +48.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, surging by 27% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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