Carbonates; Potassium Carbonate Price in Bangladesh - 2022
Contents:
- Carbonates; Potassium Carbonate Price in Bangladesh (CIF) - 2022
- Carbonates; Potassium Carbonate Imports in Bangladesh
Carbonates; Potassium Carbonate Price in Bangladesh (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $1,704 per ton, jumping by 57% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +90.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($3,634 per ton), while the price for South Korea ($966 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Imports in Bangladesh
In 2022, approx. 947 tons of carbonates; potassium carbonates were imported into Bangladesh; falling by -28% compared with the previous year's figure. In general, imports faced a deep downturn. The smallest decline of -0.2% was in 2021.
In value terms, carbonates; potassium carbonate imports rose sharply to $1.6M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Carbonates; Potassium Carbonate in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 216 | 195 | 348 | 597 | 40.3% |
| Singapore | N/A | N/A | N/A | 273 | 0% |
| South Korea | 117 | 190 | 368 | 255 | 29.7% |
| Taiwan (Chinese) | 789 | 605 | 366 | 158 | -41.5% |
| Germany | 73.9 | 54.1 | 129 | 26.4 | -29.0% |
| Thailand | 76.6 | 75.6 | N/A | N/A | -1.3% |
| Others | 113 | 57.8 | 218 | 305 | 39.2% |
| Total | 1,385 | 1,178 | 1,429 | 1,614 | 5.2% |
Top Suppliers of Carbonates; Potassium Carbonate to Bangladesh in 2022:
- China (391.8 tons)
- South Korea (264.0 tons)
- Taiwan (Chinese) (121.0 tons)
- Singapore (75.0 tons)
- Germany (11.8 tons)
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