Price for Dithionites and Sulphoxylates; of Sodium in Bangladesh - 2022
Contents:
- Price for Dithionites and Sulphoxylates; of Sodium in Bangladesh (CIF) - 2022
- Imports of Dithionites and Sulphoxylates; of Sodium in Bangladesh
Price for Dithionites and Sulphoxylates; of Sodium in Bangladesh (CIF) - 2022
In 2022, the average import price for dithionites and sulphoxylates; of sodia amounted to $1,627 per ton, jumping by 27% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($4,089 per ton), while the price for China ($1,298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Dithionites and Sulphoxylates; of Sodium in Bangladesh
In 2022, approx. 11K tons of dithionites and sulphoxylates; of sodia were imported into Bangladesh; which is down by -2.3% against the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 12K tons, and then declined slightly in the following year.
In value terms, dithionites and sulphoxylates; of sodium imports soared to $19M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +78.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Dithionites and Sulphoxylates; of Sodium in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 2.6 | 5.7 | 10.0 | 41.9% |
| India | 0.9 | 1.2 | 3.5 | 3.7 | 60.2% |
| Germany | 6.8 | 4.4 | 2.8 | 2.8 | -25.6% |
| Turkey | 0.8 | 0.9 | 1.0 | 1.1 | 11.2% |
| South Korea | 1.2 | 0.7 | 1.2 | 0.6 | -20.6% |
| Others | 0.3 | 0.7 | 0.8 | 0.5 | 18.6% |
| Total | 13.5 | 10.5 | 15.1 | 18.7 | 11.5% |
Top Suppliers of Dithionites and Sulphoxylates; of Sodium to Bangladesh in 2022:
- China (7.7K tons)
- India (1.8K tons)
- Germany (1.2K tons)
- South Korea (0.4K tons)
- Turkey (0.3K tons)
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