Bangladesh: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2022

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Bangladesh

The Bangladeshi pigments, opacifiers and colours market stood at $X in 2021, increasing 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). Over the period under review, consumption recorded a prominent increase. Pigments, opacifiers and colours consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Bangladesh

In 2021, overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by X% to X kg, falling for the second year in a row after two years of decline. In general, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pigments, opacifiers and colours exports totaled $X in 2021. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by less than X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X kg) was the main destination for pigments, opacifiers and colours exports from Bangladesh, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -X%.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +X%.

Export Prices by Country

In 2021, the average pigments, opacifiers and colours export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +X% per year.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Bangladesh

In 2021, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported into Bangladesh; surging by X% on the previous year's figure. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, pigments, opacifiers and colours imports expanded slightly to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and India (X tons) were the main suppliers of pigments, opacifiers and colours imports to Bangladesh, together accounting for X% of total imports. These countries were followed by Malaysia and Taiwan (Chinese), which together accounted for a further X 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pigments, opacifiers and colours suppliers to Bangladesh were Spain ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. These countries were followed by Malaysia and India, which together accounted for a further X the main suppliers, Malaysia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pigments, opacifiers and colours import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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