Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh (CIF) - 2022
In 2022, the average import price for lac; natural gums, resins, gum-resins and balsamses amounted to $1,624 per ton, declining by -11.7% against the previous year. Over the period under review, the import price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. Over the period under review, average import prices reached the maximum at $2,092 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,188 per ton), while the price for Indonesia ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced a decline.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh (FOB) - 2022
In 2022, the average export price for lac; natural gums, resins, gum-resins and balsamses amounted to $3,051 per ton, with a decrease of -3.4% against the previous year. Overall, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 138% against the previous year. The export price peaked at $11,252 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($8,690 per ton), while the average price for exports to India totaled $2,947 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.5%).
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses imported into Bangladesh rose notably to 11K tons, surging by 7.7% compared with the previous year. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses contracted modestly to $17M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 119% against the previous year.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.2 | 9.7 | 13.9 | 12.2 | 56.2% |
| Indonesia | 1.5 | 2.1 | 2.9 | 3.6 | 33.9% |
| Pakistan | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Others | 0.9 | 0.9 | 1.2 | 1.4 | 15.9% |
| Total | 5.9 | 12.9 | 18.3 | 17.4 | 43.4% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Bangladesh in 2022:
- Indonesia (7.1K tons)
- India (2.9K tons)
- Pakistan (0.1K tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh
In 2022, the amount of lac; natural gums, resins, gum-resins and balsamses exported from Bangladesh skyrocketed to 7 tons, jumping by 439% compared with the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $21K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.3 | 3.3 | 3.9 | 20.2 | 82.9% |
| Germany | 0.1 | N/A | 0.1 | 1.1 | 122.4% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.4 | 3.3 | 4.1 | 21.3 | 84.3% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Bangladesh in 2022:
- India (6.9 tons)
- Germany (0.1 tons)
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