Bangladesh: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Bangladesh

The Bangladeshi copper pipe and fitting market contracted modestly to $X in 2023, which is down by X% against the previous year. Overall, consumption saw a pronounced decrease. The most prominent rate of growth was recorded in 2022 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Copper Tubes, Pipes And Fitting in Bangladesh

In value terms, copper pipe and fitting production fell to $X in 2023 estimated in export price. In general, production continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Copper pipe and fitting production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Bangladesh

In 2023, approx. X tons of copper tubes, pipes and fitting were exported from Bangladesh; declining by X% compared with 2022. Over the period under review, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, copper pipe and fitting exports declined to $X in 2023. Overall, exports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Germany (X tons) were the main destinations of copper pipe and fitting exports from Bangladesh, with a combined X% share of total exports. Poland, Chile, France and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper pipe and fitting exported from Bangladesh were the United States ($X), India ($X) and Germany ($X), with a combined X% share of total exports. Chile, Poland, France and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tubes, Pipes And Fitting

Imports into Bangladesh

In 2023, imports of copper tubes, pipes and fitting into Bangladesh expanded notably to X tons, with an increase of X% on 2022 figures. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, copper pipe and fitting imports rose markedly to $X in 2023. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest copper pipe and fitting supplier to Bangladesh, accounting for a X% share of total imports. Moreover, copper pipe and fitting imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes, pipes and fitting to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, 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: Thailand (X% per year) and the UK (X% per year).

Import Prices by Country

The average copper pipe and fitting import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper pipe and fitting import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform