Report Update Nov 1, 2024

Bangladesh - Oil and Water Paints and Varnishes - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Oil And Water Paints And Varnishes 2024

Market Size for Oil And Water Paints And Varnishes in Bangladesh

In 2021, the Bangladeshi market for oil and water paints and varnishes increased by 62% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption saw a perceptible increase. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Oil And Water Paints And Varnishes

Exports from Bangladesh

After eight years of decline, overseas shipments of oil and water paints and varnishes decreased by -20.2% to X kg in 2021. Overall, exports saw a drastic downturn. The smallest decline of -4.1% was in 2014. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of oil and water paints and varnishes shrank rapidly to $X in 2021. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 55% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2020, and then plummeted in the following year.

Exports by Country

The Netherlands (X kg) was the main destination for exports of oil and water paints and varnishes from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for oil and water paints and varnishes exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Export Prices by Country

In 2021, the average export price for oil and water paints and varnishes amounted to $X per ton, falling by -5.5% against the previous year. Overall, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 162% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Imports of Oil And Water Paints And Varnishes

Imports into Bangladesh

In 2021, supplies from abroad of oil and water paints and varnishes was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 85%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of oil and water paints and varnishes soared to $X in 2021. In general, imports enjoyed notable growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest oil and water paints and varnishes supplier to Bangladesh, with a 74% share of total imports. Moreover, imports of oil and water paints and varnishes from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and India (-11.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of oil and water paints and varnishes to Bangladesh, comprising 50% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.2% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+38.1% per year) and China (+0.8% per year).

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2021, growing by 34% against the previous year. Over the period under review, the import price showed slight growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 54%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oil and water paints and varnishes in the world?

China constituted the country with the largest volume of consumption of oil and water paints and varnishes, comprising approx. 28% of total volume. Moreover, consumption of oil and water paints and varnishes in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Germany ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of oil and water paints and varnishes in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 48% of global production. Russia, Italy, Indonesia, Japan, Belarus, Turkey, South Korea, Iran and Egypt lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of oil and water paints and varnishes to Bangladesh?

In value terms, Taiwan Chinese), China and India appeared to be the largest oil and water paints and varnishes suppliers to Bangladesh, with a combined 54% share of total imports. Italy, South Korea, Turkey and Sri Lanka lagged somewhat behind, together accounting for a further 24%.

What is the average export price for oil and water paints and varnishes in Bangladesh?

The average export price for oil and water paints and varnishes stood at $23,777 per ton in 2021, reducing by -24.8% against the previous year.

What is the average import price for oil and water paints and varnishes in Bangladesh?

In 2021, the average import price for oil and water paints and varnishes amounted to $3,712 per ton, falling by -13.1% against the previous year.

This report provides an in-depth analysis of the market for oil and water paints and varnishes in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20302213 - Oil paints and varnishes (including enamels and lacquers)
Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023