Report Update Apr 1, 2024

Bangladesh - Crude Steel and Steel Semi-Finished Products - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Bangladesh

The Bangladeshi market for raw steel and steel semi-finished products contracted to $X in 2022, flattening at the previous year. In general, consumption, however, faced a precipitous decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in Bangladesh

In value terms, production of raw steel and steel semi-finished products contracted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Bangladesh

Exports of raw steel and steel semi-finished products from Bangladesh expanded significantly to X tons in 2022, picking up by X% against the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products shrank to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

India (X tons) was the main destination for exports of raw steel and steel semi-finished products from Bangladesh, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%.

In value terms, India ($X) emerged as the key foreign market for raw steel and steel semi-finished products exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%.

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a slight downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Bangladesh

In 2022, supplies from abroad of raw steel and steel semi-finished products increased by X% to X tons for the first time since 2015, thus ending a six-year declining trend. In general, imports, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of raw steel and steel semi-finished products skyrocketed to $X in 2022. Over the period under review, imports, however, showed a sharp downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), India (X tons) and Russia (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Bangladesh, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X) constituted the largest supplier of raw steel and steel semi-finished products to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Russia (X% per year).

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price showed a deep contraction. 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 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw steel and steel semi-finished products in the world?

China remains the largest raw steel and steel semi-finished products consuming country worldwide, accounting for 57% of total volume. Moreover, consumption of raw steel and steel semi-finished products in China exceeded the figures recorded by the second-largest consumer, India, tenfold. Japan ranked third in terms of total consumption with a 4.4% share.

What are the largest producers of raw steel and steel semi-finished products in the world?

China constituted the country with the largest volume of production of raw steel and steel semi-finished products, accounting for 56% of total volume. Moreover, production of raw steel and steel semi-finished products in China exceeded the figures recorded by the second-largest producer, India, tenfold. The third position in this ranking was held by Japan, with a 4.6% share.

What are the leading suppliers of raw steel and steel semi-finished products to Bangladesh?

In value terms, Thailand constituted the largest supplier of raw steel and steel semi-finished products to Bangladesh, comprising 60% of total imports. The second position in the ranking was taken by India, with a 25% share of total imports. It was followed by Russia, with a 4.1% share.

What are the leading importers of raw steel and steel semi-finished products from Bangladesh?

In value terms, India emerged as the key foreign market for raw steel and steel semi-finished products exports from Bangladesh.

What is the average export price for raw steel and steel semi-finished products in Bangladesh?

In 2022, the average export price for raw steel and steel semi-finished products amounted to $592 per ton, reducing by -18.3% against the previous year.

What is the average import price for raw steel and steel semi-finished products in Bangladesh?

The average import price for raw steel and steel semi-finished products stood at $286 per ton in 2022, reducing by -3.5% against the previous year.

This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24102110 - Flat semi-finished products (of non-alloy steel)
Prodcom 24102121 - Ingots, other primary forms and long semi-finished products for seamless tubes (of non-alloy steel)
Prodcom 24102122 - Other ingots, primary forms and long semi-finished products including blanks (of non-alloy steel)
Prodcom 24102210 - Flat semi-finished products (slabs) (of stainless steel)
Prodcom 24102221 - Ingots, other primary forms and long semi-finished products for seamless tubes (of stainless steel)
Prodcom 24102222 - Other ingots, primary forms and long semi-finished products (of stainless steel)
Prodcom 24102310 - Flat semi-finished products (of alloy steel other than of stainless steel)
Prodcom 24102321 - Ingots, other primary forms and long semi-finished products for seamless tubes (of alloy steel other than of stainless steel)
Prodcom 24102322 - Other ingots, primary forms and long semi-finished products (of alloy steel other than of stainless steel)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023