Report Update Nov 1, 2024

Bangladesh - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Silicone Market 2024

Silicone Market Size in Bangladesh

In 2021, the Bangladeshi silicone market decreased by -7.8% to $X, falling for the third year in a row after five years of growth. In general, consumption, however, posted buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Silicone Exports

Exports from Bangladesh

In 2021, overseas shipments of silicones (in primary forms) increased by 907% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate buoyant growth. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, silicone exports soared to $X in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for silicone exports from Bangladesh, with a 67% share of total exports. Moreover, silicone exports to Singapore exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled -17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-49.2% per year) and Turkey (-8.0% per year).

In value terms, the largest markets for silicone exported from Bangladesh were Singapore ($X), China ($X) and Turkey ($X), together accounting for 100% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +81.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average silicone export price amounted to $X per ton, picking up by 46% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 160% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($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 Singapore (+120.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Bangladesh

In 2021, overseas purchases of silicones (in primary forms) decreased by -17% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, silicone imports reduced to $X in 2021. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 30% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Singapore (X tons) were the main suppliers of silicone imports to Bangladesh, with a combined 72% share of total imports. Germany, Turkey, Thailand, Taiwan (Chinese) and Pakistan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +23.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicone suppliers to Bangladesh were India ($X), China ($X) and Germany ($X), together accounting for 74% of total imports.

In terms of the main suppliers, China, with a CAGR of +17.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicone import price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silicones (in primary forms) in the world?

The countries with the highest volumes of in 2021 were Germany, China and the United States, with a combined 36% share of global consumption. These countries were followed by South Korea, India, Japan, Turkey, the UK, Indonesia, Brazil, Mexico, Belgium and Italy, which together accounted for a further 39%.

What are the largest producers of silicones (in primary forms) in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, with a combined 51% share of global production. These countries were followed by Japan, South Korea, India, the UK, Turkey, Indonesia, Thailand, Brazil, Mexico and Ecuador, which together accounted for a further 38%.

What are the leading suppliers of silicones (in primary forms) to Bangladesh?

In value terms, India constituted the largest supplier of silicone to Bangladesh, comprising 37% of total imports. The second position in the ranking was occupied by Germany, with a 17% share of total imports. It was followed by China, with a 17% share.

What are the leading importers of silicones (in primary forms) from Bangladesh?

In value terms, Turkey remains the key foreign market for silicone exports from Bangladesh, comprising 91% of total exports. The second position in the ranking was occupied by the Netherlands, with a 9.2% share of total exports.

What is the average export price for silicones (in primary forms) in Bangladesh?

In 2021, the average silicone export price amounted to $3,860 per ton, reducing by -50.5% against the previous year.

What is the average import price for silicones (in primary forms) in Bangladesh?

In 2021, the average silicone import price amounted to $2,713 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the silicone 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 20165700 - Silicones, in primary forms

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