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Report Bangladesh - Polystyrene, in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Bangladesh - Polystyrene, in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Polystyrene Market 2024

Polystyrene Market Size in Bangladesh

The Bangladeshi polystyrene market shrank notably to $X in 2022, dropping by -23.3% 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, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Polystyrene Exports

Exports from Bangladesh

Polystyrene exports from Bangladesh contracted rapidly to X tons in 2022, waning by -29.9% on the year before. Overall, exports saw a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 267%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, polystyrene exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 248% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for polystyrene exports from Bangladesh, with a 100% share of total exports. It was followed by South Korea (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled -6.2%.

In value terms, Malaysia ($X) remains the key foreign market for polystyrene exports from Bangladesh, comprising 99% of total exports. The second position in the ranking was taken by South Korea ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +5.1%.

Export Prices by Country

In 2022, the average polystyrene export price amounted to $X per ton, shrinking by -8% against the previous year. Over the period under review, the export price recorded a abrupt decline. The growth pace was the most rapid in 2020 an increase of 64%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.9%).

Polystyrene Imports

Imports into Bangladesh

In 2022, imports of polystyrene into Bangladesh dropped significantly to X tons, which is down by -15.6% on 2021. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, polystyrene imports shrank significantly to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 111%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and India (X tons) were the main suppliers of polystyrene imports to Bangladesh, together comprising 75% of total imports. Singapore, China, Hong Kong SAR and Thailand lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +44.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of polystyrene to Bangladesh, comprising 45% of total imports. The second position in the ranking was held by South Korea ($X), with a 22% share of total imports. It was followed by Singapore, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+2.6% per year) and Singapore (-6.9% per year).

Import Prices by Country

The average polystyrene import price stood at $X per ton in 2022, with a decrease of -12.6% against the previous year. Overall, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 47%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, India and the United States, together accounting for 38% of global consumption.
The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 35% share of global production.
In value terms, Taiwan Chinese) constituted the largest supplier of polystyrene to Bangladesh, comprising 42% of total imports. The second position in the ranking was occupied by South Korea, with a 16% share of total imports. It was followed by Singapore, with a 9.3% share.
The average polystyrene export price stood at $374 per ton in 2021, waning by -24.4% against the previous year.
In 2021, the average polystyrene import price amounted to $1,129 per ton, picking up by 12% against the previous year.

This report provides an in-depth analysis of the polystyrene market 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 20162035 - Expansible polystyrene, in primary forms
  • Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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