Bangladesh – CRI Report

Bangladesh Urea Import Research Report 2024-2033

admin — Thu, 21 Nov 2024 11:39:56 +0000

Bangladesh Urea Import

Urea, a fertilizer widely used in agricultural production, is one of the most commonly used nitrogen fertilizers globally, containing a high content of nitrogen (approximately 46%).

Currently, the major urea-producing countries worldwide include China, Russia, Middle Eastern countries, and Indonesia. Among these, China is the largest producer and exporter of urea globally, with significant comparative advantages, followed by Russia. In terms of overall market demand, agricultural nations in Africa, Latin America, and Asia are the primary regions driving global urea consumption.

With its large population and heavy reliance on agriculture, Bangladesh has high urea consumption. Agriculture dominates the Bangladeshi economy, with over 60% of the population engaged in farming. According to CRI, to ensure that farmers can afford urea, the Bangladeshi government implements a subsidy policy on urea prices, which has, in turn, stimulated high demand for the fertilizer. Although Bangladesh has some urea production capacity, it is constrained by factors such as raw material supply, technology, and funding, resulting in limited overall production capability. Since local production cannot meet demand, Bangladesh imports significant quantities of urea annually.

According to CRI data, the total value of Bangladesh’s urea imports reached USD 846 million in 2023. With even stronger market demand in 2024, the import value of urea from January to July 2024 reached approximately USD 467 million, and demand is expected to continue growing in the coming years.

CRI analysis shows that Bangladesh’s primary sources of urea imports include the UAE, Qatar, China, and Saudi Arabia, with Saudi Arabia being the largest source. From 2021 to 2024, the top three import sources of urea for Bangladesh were Saudi Arabia, Qatar, and the UAE. According to CRI, major companies exporting urea to Bangladesh include Qatar Chemical and Petrochemical, SABIC Agri-Nutrients Company (Saudi Arabia), and Ruwais Fertilizer Industries. From 2021 to 2024, Bangladesh’s leading urea importers included Bangladesh Chemical Industries, Bangladesh Chemical Industries Corporation, and Unimed Unihealth Pharmaceuticals, among others.

Overall, the demand for urea in Bangladesh continues to grow, while the country’s domestic production capacity remains limited. CRI forecasts indicate that Bangladesh will remain highly dependent on urea imports, with import volumes expected to keep increasing in the coming years.

Topics covered:

The Import and Export of Urea in Bangladesh (2021-2024)
Total Import Volume and Percentage Change of Urea in Bangladesh (2021-2024)
Total Import Value and Percentage Change of Urea in Bangladesh (2021-2024)
Total Import Volume and Percentage Change of Urea in Bangladesh (2024)
Total Import Value and Percentage Change of Urea in Bangladesh (2024)
Average Import Price of Urea in Bangladesh (2021-2024)
Top 10 Sources of Urea Imports in Bangladesh and Their Supply Volume
Top 10 Suppliers in the Import Market of Urea in Bangladesh and Their Supply Volume
Top 10 Importers of Urea in Bangladesh and Their Import Volume
How to Find Distributors and End Users of Urea in Bangladesh
How Foreign Enterprises Enter the Urea Market of Bangladesh
Forecast for the Import of Urea in Bangladesh (2024-2033)

1 Overview of Bangladesh

1.1 Geography of Bangladesh

1.2 Economic Condition of Bangladesh

1.3 Demographics of Bangladesh

1.4 Domestic Market of Bangladesh

1.5 Recommendations for Foreign Enterprises Entering Bangladesh Urea Imports Market

2 Analysis of Urea Imports in Bangladesh (2021-2024)

2.1 Import Scale of Urea in Bangladesh

2.1.1 Import Value and Volume of Urea in Bangladesh

2.1.2 Import Prices of Urea in Bangladesh

2.1.3 Apparent Consumption of Urea in Bangladesh

2.1.4 Import Dependency of Urea in Bangladesh

2.2 Major Sources of Urea Imports in Bangladesh

3 Analysis of Major Sources of Urea Imports in Bangladesh (2021-2024)

3.1 Saudi Arab

3.1.1 Analysis of Bangladesh’s Urea Import Volume and Value from Saudi Arab

3.1.2 Analysis of Average Import Price

3.2 Qatar

3.2.1 Analysis of Bangladesh’s Urea Import Volume and Value from Qatar

3.2.2 Analysis of Average Import Price

3.3 United Arab Emirates

3.3.1 Analysis of Bangladesh’s Urea Import Volume and Value from United Arab Emirates

3.3.2 Analysis of Average Import Price

3.4 China

3.5 India

3.6 Germany

4 Analysis of Major Suppliers in the Import Market of Urea in Bangladesh (2021-2024)

4.1 QATAR CHEMICAL AND PETROCHEMI

4.1.1 Company Introduction

4.1.2 Analysis of Urea Exports to Bangladesh

4.2 SABIC AGRI-NUTRIENTS COMPANY SAUDI ARABIA

4.2.1 Company Introduction

4.2.2 Analysis of Urea Exports to Bangladesh

4.3 RUWAIS FERTILIZER INDUSTRIES

4.3.1 Company Introduction

4.3.2 Analysis of Urea Exports to Bangladesh

4.4 Exporter 4

4.4.1 Company Introduction

4.4.2 Analysis of Urea Exports to Bangladesh

4.5 Exporter 5

4.5.1 Company Introduction

4.5.2 Analysis of Urea Exports to Bangladesh

4.6 Exporter 6

4.6.1 Company Introduction

4.6.2 Analysis of Urea Exports to Bangladesh

4.7 Exporter 7

4.7.1 Company Introduction

4.7.2 Analysis of Urea Exports to Bangladesh

4.8 Exporter 8

4.8.1 Company Introduction

4.8.2 Analysis of Urea Exports to Bangladesh

4.9 Exporter 9

4.9.1 Company Introduction

4.9.2 Analysis of Urea Exports to Bangladesh

4.10 Exporter 10

4.10.1 Company Introduction

4.10.2 Analysis of Urea Exports to Bangladesh

5 Analysis of Major Importers in the Import Market of Urea in Bangladesh (2021-2024)

5.1 BANGLADESH CHEMICAL INDUSTRIES

5.1.1 Company Introduction

5.1.2 Analysis of Urea Imports

5.2 BANGLADESH CHEMICAL IND CORPORATION

5.2.1 Company Introduction

5.2.2 Analysis of Urea Imports

5.3 UNIMED UNIHEALTH PHARMACEUTICALS

5.3.1 Company Introduction

5.3.2 Analysis of Urea Imports

5.4 Importer 4

5.4.1 Company Introduction

5.4.2 Analysis of Urea Imports

5.5 Importer 5

5.5.1 Company Introduction

5.5.2 Analysis of Urea Imports

5.6 Importer 6

5.6.1 Company Introduction

5.6.2 Analysis of Urea Imports

5.7 Importer 7

5.7.1 Company Introduction

5.7.2 Analysis of Urea Imports

5.8 Importer 8

5.8.1 Company Introduction

5.8.2 Analysis of Urea Imports

5.9 Importer 9

5.9.1 Company Introduction

5.9.2 Analysis of Urea Imports

5.10 Importer 10

5.10.1 Company Introduction

5.10.2 Analysis of Urea Imports

6. Monthly Analysis of Urea Imports in Bangladesh from 2021 to 2024

6.1 Analysis of Monthly Import Value and Volume

6.2 Forecast of Monthly Average Import Prices

7. Key Factors Affecting Urea Imports in Bangladesh

7.1 Policy

7.1.1 Current Import Policies

7.1.2 Trend Predictions for Import Policies

7.2 Economic

7.2.1 Market Prices

7.2.2 Growth Trends of Urea Production Capacity in Bangladesh

7.3 Technology

8. Forecast for the Import of Urea in Bangladesh, 2024-2033

LIST OF CHARTS

Chart 2021-2024 Import Value and Volume of Urea in Bangladesh

Chart 2021-2024 Average Import Price of Urea in Bangladesh

Chart 2021-2024 Import Dependency of Urea in Bangladesh

Chart Top 10 Import Sources of Urea in Bangladesh (2021-2024)

Chart Top 10 Import Sources of Urea in Bangladesh (2022)

Chart Top 10 Import Sources of Urea in Bangladesh (2023)

Chart Top 10 Import Sources of Urea in Bangladesh (2024)

Chart Top 10 Suppliers of Urea Imports in Bangladesh (2021-2024)

Chart Top 10 Suppliers of Urea Imports in Bangladesh (2022)

Chart Top 10 Suppliers of Urea Imports in Bangladesh (2023)

Chart Top 10 Suppliers of Urea Imports in Bangladesh (2024)

Chart Value and Volume of Urea Imported from Saudi Arab to Bangladesh (2021-2024)

Chart Value and Volume of Urea Imported from Qatar to Bangladesh (2021-2024)

Chart Value and Volume of Urea Imported from United Arab Emirates to Bangladesh (2021-2024)

Chart Value and Volume of Urea Imported from China to Bangladesh (2021-2024)

Chart Top 10 Importers of Urea in Bangladesh (2021-2024)

Chart Top 10 Importers of Urea in Bangladesh (2022)

Chart Top 10 Importers of Urea in Bangladesh (2023)

Chart Top 10 Importers of Urea in Bangladesh (2024)

Chart Forecast for the Import of Urea in Bangladesh (2024-2033)

The post Bangladesh Urea Import Research Report 2024-2033 first appeared on CRI Report.

Bangladesh Paper Industry Research Report 2024-2033

admin — Thu, 22 Feb 2024 17:31:27 +0000

Bangladesh Paper Industry

“Paper” generally refers to thin and smooth substances derived from cellulosic sources such as wood pulp, paper grass, or recycled paper. It serves as a versatile, biodegradable material used for writing, printing, drawing, and packaging. Known for its lightness, rugged flexibility, ease of manipulation, and cost-effectiveness, paper finds extensive use in various fields. In this context, the term “paper” extends beyond conventional sheets to include related cellulose-based products such as cardboard, pulp products, and similar materials.

Bangladesh’s paper industry is highly concentrated. According to CRI, companies such as Bashundhara Paper Mills, Monospool Paper Manufacturing Company, Partex Pulp & Paper Mills, Meghna Paper Mills, and Papertech Industries have managed to capture a large share of the domestic market and establish a prominent presence in the industry.

Bangladesh is currently navigating through rocky roads and is in a precarious situation with continuous depletion of foreign exchange reserves and a dollar crisis leading to skyrocketing prices of imports. Amidst all the economic uncertainties, the paper and paper products industry are generating optimism in a period of declining export earnings for the country’s manufacturing products and is currently emerging as one of the few bright sparks in Bangladesh’s export segments.

Its meteoric rise in recent years can be attributed to the widespread need for paper products at home and abroad. Though paper manufacturing is largely synonymous with heavy imports of raw materials, i.e. pulp, the recent surge in paper exports tells a different story as Bangladesh has gained considerable ground in this area. In particular, the private paper mills have leapt ahead of the state-owned paper mills in meeting the local and foreign demand for high quality paper products with their modern technologies. According to CRI, of the 105 paper mills in Bangladesh, nearly 70 private paper mills are currently operating with a combined annual production capacity of more than 1.5 million metric tons of paper products.

Despite a demand of 900 thousand tons of different types of paper in Bangladesh, the country’s 20-30 large and numerous small manufacturers have a production capacity of 1.6 million tons in 2023. With the local paper market size valued at around US$ 460 million, writing and printing papers dominate, accounting for 60-70% of the market share. While Bangladesh was completely dependent on paper imports a decade ago, the domestic industry has been developing since the 1980s, especially with significant investments by industrial groups in the 1990s, leading to self-sufficiency.

Currently, the country’s paper mills not only meet local demand but also export surplus products, providing employment to around 150 million people. The sector has seen substantial investments, totaling US$ 6.44 billion, with around 300 sub-industries and ancillary businesses contributing to its ecosystem, including printing, publishing, ink production, decoration, packaging and binding.

While consumption of newsprint and publication paper has been steadily declining due to digital disruption and pandemic-related school closures. Diversified product segments such as tissue and hygiene are doing well and showing healthy growth. This shift presents both challenges and opportunities for the paper industry. While traditional paper products face declining demand, there is potential to innovate and adapt to meet the growing demand for hygiene and essential products. Paper manufacturers may need to diversify their product lines, invest in research and development, and explore new market segments to remain competitive in the evolving landscape.

According to CRI, due to the relatively small size of the paper industry in Bangladesh, there is significant room for development and an increasing number of paper mills are diversifying their product offerings. The paper market size in Bangladesh is projected to grow from US$ 485.3 million in 2024 to US$ 785.7 million in 2033, representing a compound annual growth rate (CAGR) of 5.5%.

Forecast on market size of Bangladesh Paper and paper products 2024-2033

Topics covered:

Bangladesh Paper Industry Overview
The economic and policy environment of Bangladesh’s paper industry
Bangladesh Paper Industry Market Size, 2023-2032
Analysis of the main Bangladeshis paper production enterprises
Key drivers and market opportunities for Bangladesh’s paper industry
What are the key drivers, challenges and opportunities for Bangladesh’s paper industry during the forecast period 2023-2032?
Which companies are the key players in the Bangladesh paper industry market and what are their competitive advantages?
What is the expected revenue of Bangladesh paper industry market during the forecast period 2023-2032?
What are the strategies adopted by the key players in the market to increase their market share in the industry?
Which segment of the Bangladesh paper industry market is expected to dominate the market by 2032?
What are the main negative factors facing the paper industry in Bangladesh?

Related Reports:

1. Overview of Bangladesh

1.1 Geographical Situation

1.2 Demographic Structure of Bangladesh

1.3 The Economic Situation in Bangladesh

1.4 Minimum Wage in Bangladesh, 2014-2023

1.5 Impact of COVID-19 on the Paper Industry in Bangladesh

2. Overview of Bangladesh’s Paper Industry

2.1 History of Bangladesh’s Paper Industry Development

2.2 FDI in Bangladesh’s Paper Industry

2.3 Social Environment of Bangladesh’s Paper Industry

2.4 Policy Environment of Bangladesh’s Paper Industry

3. Bangladesh’s Paper Industry Supply and Demand Situation

3.1 Bangladesh’s Paper Industry Supply Situation

3.2 Bangladesh’s Paper Industry Demand Situation

4. Bangladesh’s Paper Industry Import and Export Situation

4.1 Bangladesh’s Paper Industry Import Situation

4.1.1 Import Volume and Import Value of Bangladesh’s Paper Industry

4.1.2 Main Import Sources of Bangladesh’s Paper

4.2 Bangladesh’s Paper Industry Export Situation

4.2.1 Export Volume and Import Value of Bangladesh’s Paper Industry

4.2.2 Main Export Destinations of Bangladesh’s Paper

5. Cost Analysis of the Bangladesh’s Paper Industry

5.1 Bangladesh paper industry cost analysis

5.2 Price of paper and paper products in Bangladesh

6. Market Competition of Bangladesh’s Paper Industry

6.1 Barriers to entry in the Bangladesh’s Paper Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Bangladesh’s Paper Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Bangladesh’s Paper Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7. Analysis of the Leading Paper Mills in Bangladesh, 2023

7.1 Bashundhara Paper Mills

7.1.1 Corporate Profile of Bashundhara Paper Mills

7.1.2 Operations of Bashundhara Paper Mills in Bangladesh

7.2 Monospool Paper Manufacturing Company

7.2.1 Corporate Profile of Monospool Paper Manufacturing Company

7.2.2 Operations of Monospool Paper Manufacturing Company in Bangladesh

7.3 Papertech Industries

7.3.1 Corporate Profile of Papertech Industries

7.3.2 Operations of Papertech Industries in Bangladesh

7.4 Partex Pulp & Paper Mills

7.4.1 Corporate Profile of Partex Pulp & Paper Mills

7.4.2 Operations of Partex Pulp & Paper Mills in Bangladesh

7.5 Meghna Paper Mills

7.5.1 Corporate Profile of Meghna Paper Mills

7.5.2 Operations of Meghna Paper Mills

7.6 Platinum Print& Pack Ltd.

7.6.1 Corporate Profile of Platinum Print& Pack Ltd.

7.6.2 Operations of Platinum Print& Pack Ltd. in Bangladesh

7.7 Master Simex Paper Ltd.

7.7.1 Corporate Profile of Master Simex Paper Ltd.

7.7.2 Operations of Master Simex Paper Ltd. in Bangladesh

7.8 Uniglory Paper & Packaging Ltd.

7.8.1 Corporate Profile of Uniglory Paper & Packaging Ltd.

7.8.2 Operations of Uniglory Paper & Packaging Ltd. in Bangladesh

7.9 Amber Super Paper Ltd.

7.9.1 Corporate Profile of Amber Super Paper Ltd.

7.9.2 Operations of Amber Super Paper Ltd. in Bangladesh

7.10 Prime Polymer Ind. (Pte) Ltd.

7.10.1 Corporate Profile of Prime Polymer Ind. (Pte) Ltd.

7.10.2 Operations of Prime Polymer Ind. (Pte) Ltd. in Bangladesh

8. Bangladesh’s Paper Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Bangladesh’s Paper Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Bangladesh’s Paper Industry, 2024-2033

8.3 Demand Forecast of Bangladesh’s Paper Industry, 2024-2033

8.4 Import and Export Forecast of Bangladesh’s Paper Industry, 2024-2033

LIST OF CHARTS

Chart Location of Bangladesh in Asia

Chart Population of Bangladesh as of the end of 2018-2023

Chart 2011-2023 Bangladesh GDP per capita

Chart 2015-2024 Minimum Monthly Wage in Bangladesh

Chart Output Volume of paper and paper products in Bangladesh

Chart Consumption of paper and paper products in Bangladesh

Chart Market size of paper and paper products in Bangladesh

Chart Bangladesh’s import volume of paper and paper products, 2018-2023

Chart 2018-2023 Bangladesh’s paper and paper products import Value

Chart Bangladesh’s main import sources of paper products 2023

Chart Retail Electricity Price of Manufacturing Industry in Bangladesh

Chart Average price of facial paper in Bangladesh (USD per ton)

Chart Average price of toilet paper in Bangladesh (USD per ton)

Chart Average price of printing and writing paper in Bangladesh (USD per ton)

Chart Average price of corrugated paper in Bangladesh (USD per ton)

Chart Profile of Bangladesh Paper Corporation

Chart Profile of Saigon Paper Corporation

Chart Forecast on Bangladesh’s production volume of paper and paper products 2024-2033(Unit in thousand tons)

Chart Forecast on Bangladesh’s consumption volume of paper and paper products 2024-2033(Unit in thousand tons)

Chart Forecast on market size of Bangladesh’s paper and paper products 2024-2033