Bangladesh: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Bangladesh

The Bangladeshi polypropylene in primary forms market fell significantly to $X in 2022, declining by -19.6% 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, showed a resilient increase. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Exports of Polypropylene in Primary Forms

Exports from Bangladesh

In 2022, approx. X tons of polypropylene in primary forms were exported from Bangladesh; growing by 50% compared with the previous year's figure. In general, exports showed a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 312%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports soared to $X in 2022. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2015 with an increase of 404% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for polypropylene in primary forms exports from Bangladesh, accounting for a 2.3% share of total exports. Moreover, polypropylene in primary forms exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +190,200.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and China (-31.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for polypropylene in primary forms exports from Bangladesh, comprising 13% of total exports. The second position in the ranking was taken by Sweden ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +83,706.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and China (-10.5% per year).

Export Prices by Country

The average polypropylene in primary forms export price stood at $X per ton in 2022, falling by -16% against the previous year. In general, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 60%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to China ($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 Turkey (+4,272.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Bangladesh

In 2022, after ten years of growth, there was significant decline in supplies from abroad of polypropylene in primary forms, when their volume decreased by -12.6% to X tons. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by 38%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, polypropylene in primary forms imports reduced sharply to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main suppliers of polypropylene in primary forms imports to Bangladesh, together comprising 59% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +63.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms suppliers to Bangladesh were China ($X), India ($X) and Singapore ($X), together accounting for 59% of total imports.

China, with a CAGR of +60.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, with a decrease of -10.9% against the previous year. In general, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 34%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Singapore ($X per ton), while the price for South Korea ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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