Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh - 2022

Contents:

  1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh (CIF) - 2022
  2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh (FOB) - 2022
  3. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh
  4. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh (CIF) - 2022

The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,171 per ton in 2022, with a decrease of -12.2% against the previous year. Over the period under review, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The import price peaked at $1,569 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Oman ($1,464 per ton) and Thailand ($1,212 per ton), while the price for India ($992 per ton) and South Korea ($1,062 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.4%), while the prices for the other major suppliers experienced a decline.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh (FOB) - 2022

The average export price for polymers of propylene or of other olefins, in primary formses stood at $992 per ton in 2022, shrinking by -16.4% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 44%. As a result, the export price attained the peak level of $1,522 per ton. From 2016 to 2022, the average export prices remained at a 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 China ($6,820 per ton), while the average price for exports to Malaysia stood at $787 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3,472.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh

After three years of growth, overseas purchases of polymers of propylene or of other olefins, in primary formses decreased by -5.7% to 480K tons in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of 509K tons, and then shrank in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses reduced markedly to $562M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +26.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of $679M, and then dropped sharply in the following year.

Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates60.973.578.514633.8%
China4.87.9122103177.9%
India19.040.940.764.350.1%
Thailand38.232.075.958.415.2%
South Korea34.025.551.847.611.9%
Oman26.115.223.132.87.9%
Singapore8.924.315.732.153.4%
Taiwan (Chinese)41.421.464.725.7-14.7%
Saudi Arabia209162123N/A-23.3%
Others26.642.284.051.925.0%
Total4694456795626.2%

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Bangladesh in 2022:

  1. United Arab Emirates (122.0K tons)
  2. China (87.6K tons)
  3. India (64.8K tons)
  4. Thailand (48.2K tons)
  5. South Korea (44.8K tons)
  6. Singapore (29.0K tons)
  7. Taiwan (Chinese) (22.4K tons)
  8. Oman (22.4K tons)

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh

In 2022, the amount of polymers of propylene or of other olefins, in primary formses exported from Bangladesh skyrocketed to 411 tons, growing by 50% against the previous year. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 85%. As a result, the exports attained the peak of 445 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of polymers of propylene or of other olefins, in primary formses skyrocketed to $408K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 110% against the previous year. As a result, the exports attained the peak of $491K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/AN/A3160%
China50.3N/A0.34.7-54.6%
NigeriaN/AN/A283N/A0%
Senegal39.9N/A39.4N/A-0.6%
Pakistan119N/AN/AN/A0%
TurkeyN/A4901.0N/A-99.8%
Others24.10.70.587.253.5%
Total23349132440820.5%

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Bangladesh in 2022:

  1. Malaysia (401.2 tons)
  2. China (0.7 tons)

Source: IndexBox Market Intelligence Platform

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