Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bangladesh - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bangladesh (CIF) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bangladesh
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bangladesh (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,272 per ton, jumping by 39% against the previous year. In general, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 60%. The import price peaked in 2022 and is expected to retain 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 Thailand ($12,973 per ton), while the price for Hong Kong SAR ($1,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bangladesh
For the fourth consecutive year, Bangladesh recorded growth in overseas purchases of stainless steel; flat-rolled products of width less than 600mms, which increased by 29% to 9.9K tons in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $52M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 98% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 8.1 | 20.7 | 42.3 | 134.0% |
| Indonesia | 2.6 | 3.6 | 4.9 | 6.4 | 35.0% |
| India | 0.8 | 1.7 | 1.8 | 1.8 | 31.0% |
| Hong Kong SAR | 0.6 | 0.7 | 0.9 | 1.0 | 18.6% |
| Others | 1.2 | 0.6 | 0.6 | 0.8 | -12.6% |
| Total | 8.5 | 14.7 | 29.0 | 52.2 | 83.1% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Bangladesh in 2022:
- China (5.5K tons)
- Indonesia (2.9K tons)
- Hong Kong SAR (1.0K tons)
- India (0.2K tons)
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