Bangladesh: Iron Angle Market 2022

Iron Angle Market Size in Bangladesh

In 2021, the Bangladeshi iron angle market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Iron Angle Exports

Exports from Bangladesh

In 2021, exports of angles, shapes and sections (of iron or non-alloy steel) from Bangladesh contracted slightly to X tons, shrinking by -X% compared with 2020. Over the period under review, exports saw a sharp setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron angle exports declined slightly to $X in 2021. In general, exports faced a precipitous setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for iron angle exports from Bangladesh, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia amounted to +X%.

In value terms, Slovenia ($X) also remains the key foreign market for iron angle exports from Bangladesh.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +X%.

Export Prices by Country

In 2021, the average iron angle export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a slight descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Slovenia amounted to -X% per year.

Iron Angle Imports

Imports into Bangladesh

After three years of decline, supplies from abroad of angles, shapes and sections (of iron or non-alloy steel) increased by X% to X tons in 2021. Overall, imports posted modest growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, iron angle imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron angle supplier to Bangladesh, with a X% share of total imports. Moreover, iron angle imports from China exceeded the figures recorded by the second-largest supplier, Luxembourg (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

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: Luxembourg (+X% per year) and India (-X% per year).

In value terms, China ($X) constituted the largest supplier of iron angle to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by Luxembourg ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform