Bangladesh: Acetic Anhydride Market 2022

Acetic Anhydride Market Size in Bangladesh

The Bangladeshi acetic anhydride market reduced to $X in 2021, declining by -9.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Acetic Anhydride Exports

Exports from Bangladesh

In 2015, approx. X kg of acetic anhydride were exported from Bangladesh; remaining relatively unchanged against 2014 figures. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2015 and are likely to continue growth in the immediate term.

In value terms, acetic anhydride exports amounted to $X in 2015. Overall, exports saw a relatively flat trend pattern. The exports peaked in 2015 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X kg) was the main destination for acetic anhydride exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2015 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2015 to 2015, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Acetic Anhydride Imports

Imports into Bangladesh

In 2021, after two years of growth, there was significant decline in purchases abroad of acetic anhydride, when their volume decreased by -12.6% to X tons. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2015 when imports increased by 92%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, acetic anhydride imports reduced to $X in 2021. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 95%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of acetic anhydride to Bangladesh, with a 68% share of total imports. Moreover, acetic anhydride imports from Singapore exceeded the figures recorded by the second-largest supplier, India (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore totaled +7.3%.

In value terms, Singapore ($X) constituted the largest supplier of acetic anhydride to Bangladesh, comprising 74% of total imports. The second position in the ranking was held by India ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Singapore amounted to +4.2%.

Import Prices by Country

The average acetic anhydride import price stood at $X per ton in 2021, growing by 6.8% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 60%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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