Waxes; Artificial, Prepared Price in Bangladesh - 2022

Contents:

1. Waxes; Artificial, Prepared Price in Bangladesh (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Bangladesh (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Bangladesh
4. Waxes; Artificial, Prepared Exports in Bangladesh

Waxes; Artificial, Prepared Price in Bangladesh (CIF) - 2022

The average waxes; artificial, prepared import price stood at $2,376 per ton in 2022, with a decrease of -3.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.5% against the previous year. As a result, import price attained the peak level of $2,699 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($5,627 per ton), while the price for Saudi Arabia ($778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Bangladesh (FOB) - 2022

The average waxes; artificial, prepared export price stood at $2,279 per ton in 2022, surging by 64% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 347% against the previous year. The export price peaked at $17,065 per ton in 2017; however, from 2018 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 Switzerland ($6,429 per ton), while the average price for exports to the Netherlands ($494 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 the Czech Republic (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Waxes; Artificial, Prepared Imports in Bangladesh

In 2022, approx. 5.7K tons of waxes; artificial, prepared were imported into Bangladesh; which is down by -18.9% on the year before. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% 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 +32.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports attained the peak of 7K tons, and then dropped markedly in the following year.

In value terms, waxes; artificial, prepared imports contracted dramatically to $13M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of $17M, and then reduced markedly in the following year.

Top Suppliers of Waxes; Artificial, Prepared to Bangladesh in 2022:

1. China (2366.0 tons)
2. Thailand (768.1 tons)
3. India (588.0 tons)
4. Singapore (332.4 tons)
5. Indonesia (299.3 tons)
6. Saudi Arabia (274.3 tons)
7. South Korea (180.7 tons)
8. Taiwan (Chinese) (158.7 tons)
9. Germany (150.5 tons)
10. Netherlands (122.1 tons)
11. Malaysia (106.2 tons)
12. Denmark (86.7 tons)
13. Italy (65.0 tons)

Waxes; Artificial, Prepared Exports in Bangladesh

In 2022, approx. 1.6 tons of waxes; artificial, prepared were exported from Bangladesh; waning by -51.5% compared with 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 921%. As a result, the exports attained the peak of 3.3 tons, and then fell sharply in the following year.

In value terms, waxes; artificial, prepared exports fell markedly to $3.6K in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 69%. As a result, the exports reached the peak of $4.6K, and then dropped dramatically in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Bangladesh in 2022:

1. Guatemala (986.0 kg)
2. Canada (402.0 kg)
3. Netherlands (87.0 kg)
4. Singapore (62.0 kg)
5. Slovenia (27.0 kg)
6. Czech Republic (9.0 kg)

Source: IndexBox Market Intelligence Platform