Bangladesh: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2024

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Bangladesh

After three years of growth, the Bangladeshi market for paint, distemper, varnish or similar brushes, paint pads and rollers decreased by X% to $X in 2022. In general, consumption, however, posted prominent growth. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Bangladesh

In 2022, the amount of paint, distemper, varnish or similar brushes, paint pads and rollers exported from Bangladesh soared to X units, with an increase of X% on 2021 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Bangladesh, accounting for a X% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Canada exceeded the volume sent to the second major destination, Austria (X units), sevenfold. The third position in this ranking was taken by Maldives (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Maldives (X.8% per year).

In value terms, the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Bangladesh were Canada ($X), Austria ($X) and the Netherlands ($X), with a combined X% share of total exports. Maldives lagged somewhat behind, comprising a further X%.

Maldives, with a CAGR of X.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Bangladesh

In 2022, purchases abroad of paint, distemper, varnish or similar brushes, paint pads and rollers decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers contracted remarkably to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main paint, distemper, varnish or similar brush, paint pad and roller supplier to Bangladesh, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brushes, paint pads and rollers to Bangladesh.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average import price for paint, distemper, varnish or similar brushes, paint pads and rollers amounted to $X per unit, reducing by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform