Bangladesh - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in Bangladesh - 2022
Contents:
- Price for Steel and Iron Articles in Bangladesh (CIF) - 2022
- Price for Steel and Iron Articles in Bangladesh (FOB) - 2022
- Imports of Steel and Iron Articles in Bangladesh
- Exports of Steel and Iron Articles in Bangladesh
Price for Steel and Iron Articles in Bangladesh (CIF) - 2022
The average steel and iron articles import price stood at $4,119 per ton in 2022, with a decrease of -10.5% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel and iron articles import price increased by +57.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 46%. The import price peaked at $4,603 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,197 per ton), while the price for China ($3,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel and Iron Articles in Bangladesh (FOB) - 2022
The average steel and iron articles export price stood at $1,123 per ton in 2022, rising by 3.9% against the previous year. Overall, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $3,324 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 -7.4% per year.
Imports of Steel and Iron Articles in Bangladesh
In 2022, overseas purchases of articles of iron or steel decreased by -16.4% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of 23K tons, and then shrank sharply in the following year.
In value terms, steel and iron articles imports dropped notably to $81M in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 102% against the previous year. As a result, imports reached the peak of $108M, and then reduced rapidly in the following year.
Import of Steel and Iron Articles in Bangladesh (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 32.1 | 28.5 | 58.5 | 53.0 | 18.2% |
France | 3.8 | 6.9 | 8.9 | 10.0 | 38.1% |
South Korea | 0.1 | 0.9 | 4.7 | 4.8 | 263.4% |
Thailand | 0.9 | 1.1 | 1.6 | 2.6 | 42.4% |
India | 1.1 | 0.3 | 1.6 | 1.8 | 17.8% |
Hong Kong SAR | 1.2 | 1.0 | 1.9 | 0.6 | -20.6% |
Taiwan (Chinese) | 0.9 | 3.6 | 3.6 | 0.5 | -17.8% |
Others | 10.9 | 11.0 | 26.9 | 7.4 | -12.1% |
Total | 50.9 | 53.4 | 108 | 80.6 | 16.6% |
Top Suppliers of Steel and Iron Articles to Bangladesh in 2022:
- China (15.9K tons)
- France (0.9K tons)
- South Korea (0.9K tons)
- India (0.5K tons)
- Thailand (0.5K tons)
- Taiwan (Chinese) (0.1K tons)
- Hong Kong SAR (0.1K tons)
Exports of Steel and Iron Articles in Bangladesh
Steel and iron articles exports from Bangladesh shrank to 6.4K tons in 2022, with a decrease of -14.5% against the year before. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 41%. As a result, the exports reached the peak of 7.5K tons, and then dropped in the following year.
In value terms, steel and iron articles exports contracted to $7.2M in 2022. Overall, exports recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of $8.1M, and then dropped in the following year.
Export of Steel and Iron Articles in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 6.6 | 5.0 | 7.0 | 6.2 | -2.1% |
Others | 1.0 | 1.3 | 1.1 | 1.0 | 0.0% |
Total | 7.6 | 6.3 | 8.1 | 7.2 | -1.8% |
Top Export Markets for Steel and Iron Articles from Bangladesh in 2022:
- India (6.3K tons)
This report provides an in-depth analysis of the market for steel and iron articles in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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