Report Update Nov 1, 2024

Bangladesh - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Mineral Wool Market 2024

Mineral Wool Market Size in Bangladesh

In 2021, the Bangladeshi mineral wool market decreased by -45% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, posted a modest increase. Mineral wool consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Mineral Wool Exports

Exports from Bangladesh

After two years of growth, overseas shipments of slag wool, rock wool and similar mineral wools and mixtures decreased by -28.3% to X kg in 2014. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 125%. As a result, the exports attained the peak of X kg, and then contracted dramatically in the following year.

In value terms, mineral wool exports dropped remarkably to $X in 2014. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 101%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Thailand (X kg) was the main destination for mineral wool exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2014, the average annual growth rate of volume to Thailand totaled +27.1%.

In value terms, Thailand ($X) also remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Bangladesh.

From 2012 to 2014, the average annual rate of growth in terms of value to Thailand totaled +24.4%.

Export Prices by Country

In 2014, the average mineral wool export price amounted to $X per ton, picking up by 7.1% against the previous year. In general, the export price, however, recorded a noticeable descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2014, the export prices stood at a somewhat lower figure.

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

From 2012 to 2014, the rate of growth in terms of prices for Thailand amounted to -2.2% per year.

Mineral Wool Imports

Imports into Bangladesh

In 2021, overseas purchases of slag wool, rock wool and similar mineral wools and mixtures decreased by -47.2% to X tons, falling for the second consecutive year after four years of growth. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of 110% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports declined markedly to $X in 2021. Over the period under review, imports, however, recorded moderate growth. The pace of growth appeared the most rapid in 2014 with an increase of 238% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of mineral wool to Bangladesh, accounting for a 69% share of total imports. Moreover, mineral wool imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +107.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.4% per year) and India (+7.7% per year).

In value terms, Russia ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Bangladesh, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.9% per year) and India (+8.8% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, surging by 6.9% against the previous year. Over the period under review, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.7%), 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 slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, together accounting for 55% of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, with a combined 55% share of global production. These countries were followed by Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand, which together accounted for a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Bangladesh?

In value terms, China constituted the largest supplier of mineral wool to Bangladesh, comprising 70% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 15% share of total imports.

What are the leading importers of slag wool, rock wool and similar mineral wools and mixtures from Bangladesh?

In value terms, Thailand remains the key foreign market for mineral wool exports from Bangladesh.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Bangladesh?

The average mineral wool export price stood at $3,487 per ton in 2014, reducing by -5.7% against the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Bangladesh?

In 2020, the average mineral wool import price amounted to $1,201 per ton, waning by -13.3% against the previous year.

This report provides an in-depth analysis of the mineral wool 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

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