Bangladesh: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Bangladesh

The Bangladeshi market for aluminium alloy plates, sheets and strip of thickness over X mm expanded notably to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is likely to see steady growth in the near future.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Bangladesh

After two years of growth, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to less than X kg in 2021. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm contracted notably to less than $X in 2021. Overall, exports recorded a significant decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Bangladesh, with a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Saudi Arabia was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average export price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2020, flattening at the previous year. Overall, the export price faced a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2020, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Bangladesh

In 2021, the amount of aluminium alloy plates, sheets and strip of thickness over X mm imported into Bangladesh rose modestly to X tons, surging by X% compared with the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier to Bangladesh, accounting for a X% share of total imports. Moreover, imports of aluminium alloy plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium alloy plate, sheet and strip of thickness over X mm to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2021, the average import price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a slight contraction. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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