Report Update: May 1, 2024

Bangladesh - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Odoriferous Substance Mixture Price in Bangladesh - 2022

Odoriferous Substance Mixture Price in Bangladesh (CIF) - 2022

The average odoriferous substance mixture import price stood at $15,222 per ton in 2022, with a decrease of -5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 an increase of 21%. The import price peaked at $16,023 per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($21,850 per ton), while the price for Belgium ($3,564 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Odoriferous Substance Mixture Price in Bangladesh (FOB) - 2022

The average odoriferous substance mixture export price stood at $8,707 per ton in 2022, growing by 25% against the previous year. Overall, the export price saw measured growth. The pace of growth was the most pronounced in 2014 an increase of 125% against the previous year. The export price peaked at $22,754 per ton in 2019; however, from 2020 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 the United Arab Emirates ($38,902 per ton), while the average price for exports to Singapore ($571 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 Nepal (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports in Bangladesh

In 2022, after three years of growth, there was significant decline in purchases abroad of mixtures of odoriferous substances and their preparations, when their volume decreased by -18.2% to 8.9K tons. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of 11K tons, and then declined markedly in the following year.

In value terms, odoriferous substance mixture imports dropped remarkably to $135M in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, imports attained the peak of $174M, and then contracted rapidly in the following year.

Import of Odoriferous Substance Mixture in Bangladesh (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	47.7	45.1	88.0	69.4	13.3%
India	24.1	29.0	44.1	33.3	11.4%
Egypt	4.6	5.5	10.4	9.0	25.1%
China	2.8	3.4	5.2	4.3	15.4%
Switzerland	1.8	2.0	5.8	4.1	31.6%
Malaysia	2.0	2.0	4.0	2.1	1.6%
Belgium	0.2	0.3	1.0	1.0	71.0%
Others	9.6	9.1	15.7	12.2	8.3%
Total	92.8	96.5	174	135	13.3%

Top Suppliers of Odoriferous Substance Mixture to Bangladesh in 2022:

Singapore (3.2K tons)
India (2.8K tons)
China (0.6K tons)
Egypt (0.5K tons)
Switzerland (0.5K tons)
Belgium (0.3K tons)
Malaysia (0.2K tons)

Odoriferous Substance Mixture Exports in Bangladesh

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations decreased by -42.8% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 750%.

In value terms, odoriferous substance mixture exports declined dramatically to $113K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 505% against the previous year.

Export of Odoriferous Substance Mixture in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	2.9	0.5	77.4	64.4	181.1%
Philippines	N/A	N/A	N/A	30.0	0%
United States	8.1	38.6	26.9	11.7	13.0%
United Kingdom	N/A	15.6	N/A	6.5	-35.5%
Belgium	N/A	N/A	38.7	N/A	0%
Others	0.3	13.6	15.5	0.8	38.7%
Total	11.3	68.3	158	113	115.4%

Top Export Markets for Odoriferous Substance Mixture from Bangladesh in 2022:

United Kingdom (8.0 tons)
United Arab Emirates (1.7 tons)
United States (1.6 tons)
Philippines (1.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the odoriferous substance mixture 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 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)

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