Bangladesh: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Bangladesh

The Bangladeshi hot-dipped metal-coated sheet market rose markedly to $X in 2022, growing 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). In general, the total consumption indicated resilient growth from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Bangladesh

In 2022, exports of hot-dipped metal-coated sheet from Bangladesh shrank to X tons, which is down by X% compared with 2021. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for hot-dipped metal-coated sheet exports from Bangladesh, with a X% share of total exports. Moreover, hot-dipped metal-coated sheet exports to India exceeded the volume sent to the second major destination, Sri Lanka (X tons), twofold. Singapore (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 India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Singapore (X% per year).

In value terms, India ($X) remains the key foreign market for hot-dipped metal-coated sheet exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Liberia ($X), with an X% share of total exports. It was followed by Singapore, with a X% share.

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

Export Prices by Country

In 2022, the average hot-dipped metal-coated sheet export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Myanmar ($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 India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Bangladesh

After two years of decline, overseas purchases of hot-dipped metal-coated sheet increased by X% to X tons in 2022. Overall, total imports indicated a tangible 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet imports amounted to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main suppliers of hot-dipped metal-coated sheet imports to Bangladesh, with a combined X% share of total imports. Canada, the Netherlands, Belgium, Thailand, India, Taiwan (Chinese), Singapore, Hong Kong SAR, Vietnam and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest hot-dipped metal-coated sheet suppliers to Bangladesh were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total imports. India, the Netherlands, Belgium, Canada, Thailand, Taiwan (Chinese), Singapore, Hong Kong SAR, Vietnam and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, 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 hot-dipped metal-coated sheet import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import 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, hot-dipped metal-coated sheet import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :