Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Bangladesh - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Bangladesh (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Bangladesh
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Bangladesh (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $1,467 per ton in 2022, rising by 20% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates increased by +62.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,706 per ton), while the price for Taiwan (Chinese) ($625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Bangladesh
In 2022, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates into Bangladesh fell significantly to 3.6K tons, dropping by -44.9% against the previous year's figure. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131%. As a result, imports attained the peak of 6.5K tons, and then declined remarkably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates reduced remarkably to $5.2M in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 213% against the previous year. As a result, imports reached the peak of $8M, and then reduced dramatically in the following year.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Bangladesh (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 1,065 | 836 | 3,335 | 2,218 | 27.7% |
United Arab Emirates | 960 | 1,057 | 1,778 | 1,583 | 18.1% |
China | 520 | 52.1 | 277 | 468 | -3.5% |
India | 165 | 310 | 1,941 | 449 | 39.6% |
South Korea | 25.2 | 154 | 416 | 367 | 144.2% |
Saudi Arabia | 65.8 | 109 | 169 | 138 | 28.0% |
Others | 26.6 | 24.6 | 33.9 | 23.8 | -3.6% |
Total | 2,828 | 2,543 | 7,951 | 5,247 | 22.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Bangladesh in 2022:
- Singapore (1572.0 tons)
- United Arab Emirates (928.1 tons)
- China (334.4 tons)
- India (273.6 tons)
- South Korea (256.5 tons)
- Saudi Arabia (171.3 tons)
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