Bangladesh: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Bangladesh

The Bangladeshi market for non-soap washing and cleaning preparations shrank modestly to $X in 2022, with a decrease of -4.2% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Non-soap washing and cleaning preparations consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Non-Soap Washing and Cleaning Preparations in Bangladesh

In value terms, non-soap washing and cleaning preparations production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 35%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Bangladesh

In 2022, non-soap washing and cleaning preparations exports from Bangladesh dropped to X tons, waning by -13.1% against the year before. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 423% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-soap washing and cleaning preparations exports shrank to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 465%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for non-soap washing and cleaning preparations exports from Bangladesh, accounting for a 36% share of total exports. Moreover, non-soap washing and cleaning preparations exports to the United Arab Emirates exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Guatemala (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+67.5% per year) and Guatemala (0.0% per year).

In value terms, the United Arab Emirates ($X), Guatemala ($X) and Poland ($X) were the largest markets for non-soap washing and cleaning preparations exported from Bangladesh worldwide, with a combined 49% share of total exports. The United States, Germany, Canada, Luxembourg, South Africa and Sri Lanka lagged somewhat behind, together comprising a further 15%.

Luxembourg, with a CAGR of +289.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 23%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Canada ($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 South Africa (+96.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Bangladesh

After three years of growth, supplies from abroad of non-soap washing and cleaning preparations decreased by -13.8% to X tons in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, non-soap washing and cleaning preparations imports reduced markedly to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

India (X tons), China (X tons) and Singapore (X tons) were the main suppliers of non-soap washing and cleaning preparations imports to Bangladesh, together accounting for 67% of total imports. South Korea, Germany, Turkey, Sri Lanka, Thailand, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-soap washing and cleaning preparations suppliers to Bangladesh were China ($X), India ($X) and Singapore ($X), together accounting for 58% of total imports. Germany, South Korea, Turkey, Sri Lanka, Thailand, Malaysia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 13%.

Sri Lanka, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for non-soap washing and cleaning preparations amounted to $X per ton, dropping by -6.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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