Salts; Molybdates Price in Bangladesh - 2022
Contents:
Salts; Molybdates Price in Bangladesh (CIF) - 2022
In 2022, the average salts; molybdates import price amounted to $17,256 per ton, declining by -21.3% against the previous year. Over the period under review, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 72%. Over the period under review, average import prices hit record highs at $27,149 per ton in 2019; however, from 2020 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 Spain ($90,667 per ton), while the price for the Netherlands ($6,818 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+77.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Molybdates Imports in Bangladesh
In 2022, imports of salts; molybdateses into Bangladesh skyrocketed to 1.2 tons, rising by 21% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, salts; molybdates imports fell slightly to $21K in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year.
| Import of Salts; Molybdates in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.4 | 14.7 | 19.4 | 19.9 | 20.4% |
| Spain | 1.4 | 3.7 | 1.6 | 0.3 | -40.2% |
| Netherlands | 0.6 | N/A | N/A | 0.1 | -45.0% |
| China | N/A | 0.9 | N/A | N/A | 0% |
| Others | 2.1 | 0.2 | 0.7 | 0.2 | -54.3% |
| Total | 15.5 | 19.5 | 21.6 | 20.6 | 9.9% |
Top Suppliers of Salts; Molybdates to Bangladesh in 2022:
- India (1165.0 kg)
- Netherlands (22.0 kg)
- Spain (3.0 kg)
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