Price for Zinc; Bars, Rods, Profiles and Wire in Bangladesh - 2022

Contents:

  1. Price for Zinc; Bars, Rods, Profiles and Wire in Bangladesh (CIF) - 2022
  2. Imports of Zinc; Bars, Rods, Profiles and Wire in Bangladesh

Price for Zinc; Bars, Rods, Profiles and Wire in Bangladesh (CIF) - 2022

The average import price for zinc; bars, rods, profiles and wires stood at $4,582 per ton in 2022, growing by 17% against the previous year. Overall, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. The import price peaked at $6,495 per ton in 2014; however, from 2015 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 China ($8,031 per ton), while the price for Turkey ($1,092 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced a decline.

Imports of Zinc; Bars, Rods, Profiles and Wire in Bangladesh

In 2022, supplies from abroad of zinc; bars, rods, profiles and wires decreased by -32.1% to 254 tons, falling for the second consecutive year after two years of growth. In general, imports faced a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 47%. As a result, imports attained the peak of 527 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of zinc; bars, rods, profiles and wires dropped markedly to $1.2M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 33%.

Import of Zinc; Bars, Rods, Profiles and Wire in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India9451,066708640-12.2%
China4.4171617325319.6%
Malaysia46.310296.094.126.7%
Taiwan (Chinese)15.116.55.856.355.1%
Turkey15.619.722.025.718.1%
Others22.023.322.024.53.7%
Total1,0481,3991,4711,1653.6%

Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Bangladesh in 2022:

  1. India (121.9 tons)
  2. Malaysia (54.4 tons)
  3. China (40.4 tons)
  4. Turkey (23.5 tons)
  5. Taiwan (Chinese) (10.8 tons)

Source: IndexBox Market Intelligence Platform

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