Organo-Sulphur Compounds; Methionine Price in Bangladesh - 2022
Contents:
- Organo-Sulphur Compounds; Methionine Price in Bangladesh (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Bangladesh
Organo-Sulphur Compounds; Methionine Price in Bangladesh (CIF) - 2022
In 2022, the average organo-sulphur compounds; methionine import price amounted to $2,914 per ton, rising by 13% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The import price peaked at $4,329 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($6,886 per ton), while the price for Germany ($799 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Organo-Sulphur Compounds; Methionine Imports in Bangladesh
In 2022, the amount of organo-sulphur compounds; methionines imported into Bangladesh was estimated at 3.1K tons, surging by 6.1% on the previous year's figure. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.9% 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 +95.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, organo-sulphur compounds; methionine imports surged to $8.9M in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Organo-Sulphur Compounds; Methionine in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.9 | 4.3 | 6.5 | 7.9 | 39.7% |
| Malaysia | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
| Belgium | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 3.3 | 4.9 | 7.4 | 8.9 | 39.2% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Bangladesh in 2022:
- Singapore (2555.5 tons)
- Malaysia (343.9 tons)
- China (74.0 tons)
- Belgium (37.8 tons)
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