Price for Steel, Alloy; Ingots and Other Primary Forms in Bangladesh - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Bangladesh (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Bangladesh
Price for Steel, Alloy; Ingots and Other Primary Forms in Bangladesh (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $3,014 per ton, picking up by 3.1% against the previous year. Overall, the import price recorded resilient growth. The growth pace was the most rapid in 2014 an increase of 360%. As a result, import price reached the peak level of $7,878 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,031 per ton), while the price for India totaled $677 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.6%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in supplies from abroad of steel, alloy; ingots and other primary formses, which increased by 16% to 754 tons in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $2.3M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.3 | 1.5 | 1.9 | 2.3 | 20.9% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.3 | 1.6 | 1.9 | 2.3 | 20.9% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Bangladesh in 2022:
- Singapore (748.4 tons)
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