Starches; Inulin Price in Bangladesh - 2022
Contents:
- Starches; Inulin Price in Bangladesh (CIF) - 2022
- Starches; Inulin Price in Bangladesh (FOB) - 2022
- Starches; Inulin Imports in Bangladesh
- Starches; Inulin Exports in Bangladesh
Starches; Inulin Price in Bangladesh (CIF) - 2022
In 2022, the average starches; inulin import price amounted to $470 per ton, which is down by -3.2% against the previous year. Overall, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. The import price peaked at $569 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($673 per ton), while the price for India ($380 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Starches; Inulin Price in Bangladesh (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $1,405 per ton, which is down by -4% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starches; inulin export price increased by +82.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum at $1,463 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($2,547 per ton), while the average price for exports to the United Arab Emirates ($216 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 Saudi Arabia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Bangladesh
In 2022, imports of starches; inulins into Bangladesh shrank to 32K tons, with a decrease of -5.2% on 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, imports reached the peak of 34K tons, and then shrank in the following year.
In value terms, starches; inulin imports contracted to $15M in 2022. Overall, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.
| Import of Starches; Inulin in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.3 | 5.0 | 5.5 | 4.3 | -16.2% |
| India | 1.2 | 2.6 | 2.8 | 4.2 | 51.8% |
| Denmark | 2.0 | 2.2 | 2.7 | 2.9 | 13.2% |
| Pakistan | 2.1 | 1.2 | 1.9 | 1.4 | -12.6% |
| Vietnam | 0.6 | 0.2 | 1.1 | 0.7 | 5.3% |
| South Korea | 1.1 | 0.6 | 0.6 | 0.4 | -28.6% |
| Germany | 0.9 | 0.8 | 0.7 | 0.3 | -30.7% |
| Others | 1.4 | 1.1 | 1.2 | 0.8 | -17.0% |
| Total | 16.6 | 13.7 | 16.4 | 15.1 | -3.1% |
Top Suppliers of Starches; Inulin to Bangladesh in 2022:
- India (11.1K tons)
- Thailand (9.6K tons)
- Denmark (4.4K tons)
- Pakistan (3.0K tons)
- Vietnam (1.6K tons)
- South Korea (0.6K tons)
- Germany (0.4K tons)
Starches; Inulin Exports in Bangladesh
In 2022, the amount of starches; inulins exported from Bangladesh stood at 33 tons, therefore, remained relatively stable against the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 135%. As a result, the exports attained the peak of 33 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, starches; inulin exports fell to $46K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 202% against the previous year.
| Export of Starches; Inulin in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.8 | 22.3 | 27.7 | 25.6 | 48.6% |
| Saudi Arabia | 4.1 | 15.3 | 19.4 | 18.3 | 64.6% |
| Oman | N/A | N/A | N/A | 1.3 | 0% |
| United Arab Emirates | 0.3 | 0.8 | 0.9 | 0.7 | 32.6% |
| Kuwait | N/A | 2.9 | N/A | N/A | 0% |
| Qatar | 2.4 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 3.2 | 0.3 | 0.4 | 26.0% |
| Total | 14.8 | 44.6 | 48.2 | 46.4 | 46.4% |
Top Export Markets for Starches; Inulin from Bangladesh in 2022:
- India (21.6 tons)
- Saudi Arabia (7.2 tons)
- United Arab Emirates (3.2 tons)
- Oman (0.6 tons)
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