Price for Inorganic Acids; Other than Hydrogen Fluoride in Bangladesh - 2022
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Bangladesh (CIF) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Bangladesh
Price for Inorganic Acids; Other than Hydrogen Fluoride in Bangladesh (CIF) - 2022
The average import price for inorganic acids; other than hydrogen fluorides stood at $2,059 per ton in 2022, growing by 31% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 inorganic acids; other than hydrogen fluorides increased by +64.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 43%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
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 the UK ($5,667 per ton), while the price for China ($389 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Bangladesh
In 2022, approx. 19 tons of inorganic acids; other than hydrogen fluorides were imported into Bangladesh; with a decrease of -57.2% on the year before. Over the period under review, imports saw a significant decline. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year.
In value terms, imports of inorganic acids; other than hydrogen fluorides reduced notably to $33K in 2022. In general, imports showed a sharp slump. The smallest decline of -5% was in 2021.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 123 | 47.5 | 44.7 | 16.8 | -48.5% |
| United Kingdom | 7.1 | 6.1 | 5.6 | 4.3 | -15.4% |
| China | 6.9 | 5.6 | 4.9 | 3.6 | -19.5% |
| India | 6.0 | 3.4 | 4.2 | 1.7 | -34.3% |
| Others | 11.8 | 11.5 | 11.1 | 6.5 | -18.0% |
| Total | 155 | 74.2 | 70.5 | 32.9 | -40.3% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Bangladesh in 2022:
- China (9.2 tons)
- Turkey (8.3 tons)
- United Kingdom (0.8 tons)
- India (0.6 tons)
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