Bangladesh: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Bangladesh

The Bangladeshi non-aqueous paint and varnish market reduced to $X in 2022, which is down by X% 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, continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Bangladesh

Non-aqueous paint and varnish exports from Bangladesh totaled X tons in 2022, flattening at the year before. Overall, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-aqueous paint and varnish exports dropped to $X in 2022. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), the United Arab Emirates (X tons) and Canada (X tons) were the main destinations of non-aqueous paint and varnish exports from Bangladesh, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United Arab Emirates ($X) and Canada ($X) constituted the largest markets for non-aqueous paint and varnish exported from Bangladesh worldwide, together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, showed a tangible increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Thailand ($X 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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Bangladesh

Non-aqueous paint and varnish imports into Bangladesh contracted to X tons in 2022, which is down by X% against 2021. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, non-aqueous paint and varnish imports fell to $X in 2022. In general, imports, however, saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-aqueous paint and varnish to Bangladesh, accounting for a X% share of total imports. Moreover, non-aqueous paint and varnish imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, China ($X), India ($X) and Italy ($X) were the largest non-aqueous paint and varnish suppliers to Bangladesh, together accounting for X% of total imports. Taiwan (Chinese), Vietnam, Russia, South Korea, Singapore, Indonesia, Malaysia, Thailand and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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