Bangladesh: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Bangladesh

The Bangladeshi market for copper bars, wire and plates totaled $X in 2022, standing approx. at 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, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Exports of Copper Bars, Wire And Plates

Exports from Bangladesh

For the third year in a row, Bangladesh recorded growth in overseas shipments of copper bars, wire and plates, which increased by X% to X tons in 2022. Overall, exports saw a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper bars, wire and plates exports expanded rapidly to $X in 2022. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for copper bars, wire and plates exports from Bangladesh, accounting for a X% share of total exports. Moreover, copper bars, wire and plates exports to Singapore exceeded the volume sent to the second major destination, India (X tons), fivefold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

In value terms, Singapore ($X) remains the key foreign market for copper bars, wire and plates exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2022, falling by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bars, wire and plates export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Wire And Plates

Imports into Bangladesh

In 2022, approx. X tons of copper bars, wire and plates were imported into Bangladesh; with a decrease of X% on 2021. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, copper bars, wire and plates imports totaled $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of copper bars, wire and plates imports to Bangladesh, together accounting for X% of total imports. Japan, the United States, South Korea, India, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Japan ($X) constituted the largest copper bars, wire and plates suppliers to Bangladesh, together comprising X% of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Hong Kong SAR ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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