Price for Hot-Rolled Wire Rod in Coils in Bangladesh - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Bangladesh (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Bangladesh (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Bangladesh
- Exports of Hot-Rolled Wire Rod in Coils in Bangladesh
Price for Hot-Rolled Wire Rod in Coils in Bangladesh (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $760 per ton, picking up by 2.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $798 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($820 per ton), while the price for Ukraine ($366 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Bangladesh (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $961 per ton in 2022, picking up by 2.2% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $3,117 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -10.9% per year.
Imports of Hot-Rolled Wire Rod in Coils in Bangladesh
In 2022, approx. 63K tons of hot-rolled wire rods in coils were imported into Bangladesh; picking up by 23% against the year before. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils imports skyrocketed to $48M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.9 | 10.7 | 15.5 | 21.3 | 39.2% |
| Indonesia | 11.0 | 15.5 | 16.9 | 11.4 | 1.2% |
| China | 2.2 | 1.6 | 3.0 | 10.4 | 67.8% |
| South Korea | 0.2 | 0.2 | 0.1 | 2.0 | 115.4% |
| Malaysia | 3.1 | 1.2 | 1.2 | 1.3 | -25.1% |
| Others | 3.6 | 1.0 | 1.0 | 1.5 | -25.3% |
| Total | 28.1 | 30.2 | 37.7 | 47.8 | 19.4% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Bangladesh in 2022:
- India (27.0K tons)
- China (14.6K tons)
- Indonesia (13.9K tons)
- South Korea (3.4K tons)
- Malaysia (1.6K tons)
Exports of Hot-Rolled Wire Rod in Coils in Bangladesh
For the fourth consecutive year, Bangladesh recorded growth in overseas shipments of hot-rolled wire rods in coils, which increased by 14% to 1.6K tons in 2022. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports soared to $1.6M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.0 | 1.2 | 1.4 | 1.6 | 17.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 1.2 | 1.4 | 1.6 | 17.0% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Bangladesh in 2022:
- India (1636.5 tons)
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