Bangladesh - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Bangladesh - 2022
Contents:
- Price for Processed Petroleum Oils and Distillates in Bangladesh (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Bangladesh (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Bangladesh
- Exports of Processed Petroleum Oils and Distillates in Bangladesh
Price for Processed Petroleum Oils and Distillates in Bangladesh (CIF) - 2022
In 2022, the average import price for processed petroleum oils and distillates amounted to $495 per ton, falling by -8.6% against the previous year. Over the period under review, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 92%. The import price peaked at $906 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($575 per ton) and India ($551 per ton), while the price for Singapore ($390 per ton) and Malaysia ($498 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.6%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in Bangladesh (FOB) - 2022
In 2022, the average export price for processed petroleum oils and distillates amounted to $551 per ton, rising by 7.3% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 9.9% against the previous year. The export price peaked at $1,084 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($1,280 per ton), while the average price for exports to India ($293 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 Thailand (+3.1%), while the prices for the other major destinations experienced a decline.
Imports of Processed Petroleum Oils and Distillates in Bangladesh
Processed petroleum oils and distillates imports into Bangladesh declined markedly to 11M tons in 2022, with a decrease of -28.6% on the year before. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 133% against the previous year. As a result, imports reached the peak of 16M tons, and then shrank remarkably in the following year.
In value terms, processed petroleum oils and distillates imports contracted remarkably to $5.6B in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 227% against the previous year. As a result, imports reached the peak of $8.6B, and then declined remarkably in the following year.
Import of Processed Petroleum Oils and Distillates in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 1,268 | 367 | 2,029 | 1,303 | 0.9% |
Singapore | 940 | 855 | 2,580 | 1,235 | 9.5% |
China | 860 | 770 | 2,009 | 1,125 | 9.4% |
India | 388 | 415 | 1,152 | 691 | 21.2% |
South Korea | 168 | 38.5 | 259 | 540 | 47.6% |
Taiwan (Chinese) | 22.1 | 1.4 | 1.2 | 300 | 138.5% |
Japan | 0.9 | 36.1 | 95.6 | 229 | 533.7% |
Thailand | 13.2 | 76.7 | 324 | 39.5 | 44.1% |
Others | 159 | 81.0 | 184 | 174 | 3.1% |
Total | 3,819 | 2,642 | 8,633 | 5,637 | 13.9% |
Top Suppliers of Processed Petroleum Oils and Distillates to Bangladesh in 2022:
- Singapore (3.2M tons)
- Malaysia (2.6M tons)
- China (2.1M tons)
- India (1.3M tons)
- South Korea (0.9M tons)
- Taiwan (Chinese) (0.5M tons)
- Japan (0.4M tons)
- Thailand (0.1M tons)
Exports of Processed Petroleum Oils and Distillates in Bangladesh
In 2022, exports of processed petroleum oils and distillates from Bangladesh dropped sharply to 128K tons, waning by -45.3% compared with 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 956% against the previous year. As a result, the exports attained the peak of 235K tons, and then declined rapidly in the following year.
In value terms, processed petroleum oils and distillates exports fell markedly to $71M in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 471% against the previous year. As a result, the exports attained the peak of $120M, and then reduced rapidly in the following year.
Export of Processed Petroleum Oils and Distillates in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | N/A | 0.7 | 71.2 | 44.2 | 694.6% |
Vietnam | N/A | N/A | N/A | 11.8 | 0% |
Nepal | 0.4 | 0.3 | 0.6 | 10.6 | 198.1% |
Singapore | 8.4 | 19.9 | 27.6 | 1.6 | -42.5% |
Thailand | 12.7 | N/A | N/A | N/A | 0% |
China | N/A | N/A | 20.4 | N/A | 0% |
Others | 0.3 | 0.2 | 0.7 | 2.6 | 105.4% |
Total | 21.8 | 21.1 | 120 | 70.7 | 48.0% |
Top Export Markets for Processed Petroleum Oils and Distillates from Bangladesh in 2022:
- Malaysia (92.2K tons)
- Vietnam (20.0K tons)
- Nepal (8.3K tons)
- Singapore (4.4K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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