Bangladesh: Soap And Detergent Market 2024

Soap And Detergent Market Size in Bangladesh

The Bangladeshi soap and detergent market fell modestly to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Soap and detergent consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Soap And Detergent Production in Bangladesh

In value terms, soap and detergent production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Soap and detergent production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Soap And Detergent Exports

Exports from Bangladesh

In 2022, after three years of decline, there was significant growth in overseas shipments of soap and detergents, when their volume increased by X% to X tons. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, soap and detergent exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for soap and detergent exports from Bangladesh, accounting for a X% share of total exports. Moreover, soap and detergent exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), ninefold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

In value terms, India ($X) remains the key foreign market for soap and detergents exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soap And Detergent Imports

Imports into Bangladesh

In 2022, after six years of growth, there was significant decline in overseas purchases of soap and detergents, when their volume decreased by X% to X tons. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, soap and detergent imports shrank significantly to $X in 2022. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

India (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of soap and detergent imports to Bangladesh, with a combined X% share of total imports. Indonesia, Singapore, Thailand, South Korea, Taiwan (Chinese), Germany, Turkey, the United Arab Emirates and Sri Lanka lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest soap and detergent suppliers to Bangladesh were China ($X), India ($X) and Singapore ($X), with a combined X% share of total imports. Thailand, Germany, Indonesia, Malaysia, the United Arab Emirates, South Korea, Taiwan (Chinese), Turkey and Sri Lanka lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Sri Lanka, with a CAGR of X%, 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

In 2022, the average soap and detergent import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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