Lubricants shelves have no more space to place your new brand now. You might get surprised hearing such a statement. For your information, It is not a surprising one.
Bangladesh Lubricants Oil market has become more overstated in terms of brand names and local products.
A national sales manager, of a reputed lubricating oil brand in Bangladesh, said, even India doesn’t have too many oil brands like Bangladesh have.
More lubricants oil brands are yet to enter Bangladesh.
In 2017, Bangladesh Energy Regulatory Commission released that, “Around 350 application has been filled to open LC for importing abroad oil brands”
Now, lubricants oil retailers are welcoming the representatives of newly entered brands.
It can be said that the situation is being tough for the overall market. Existing lubricants oil brands with small market share, are struggling to hold their market shares.