Bangladesh: Metal Chain Market 2024

Metal Chain Market Size in Bangladesh

The Bangladeshi metal chain market was estimated at $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a strong expansion. Metal chain consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Chain Production in Bangladesh

In value terms, metal chain production rose to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Metal chain production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Metal Chain Exports

Exports from Bangladesh

In 2022, overseas shipments of iron or steel chain decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports showed a dramatic curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal chain exports dropped to $X in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) and India (X tons) were the main destinations of metal chain exports from Bangladesh.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%).

In value terms, Japan ($X) remains the key foreign market for iron or steel chain exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports.

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

Export Prices by Country

The average metal chain export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%).

Metal Chain Imports

Imports into Bangladesh

Metal chain imports into Bangladesh soared to X tons in 2022, jumping by X% compared with the previous year. Over the period under review, imports showed measured growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal chain imports expanded notably to $X in 2022. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain supplier to Bangladesh, with a X% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. India (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, 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: Vietnam (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated notable 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, metal chain import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell significantly in the following year.

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 Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform