Bangladesh: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Bangladesh

The Bangladeshi market for sanitary ware and parts of iron or steel skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Bangladesh

In value terms, iron or steel sanitary ware production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Bangladesh

In 2022, after two years of growth, there was decline in shipments abroad of sanitary ware and parts of iron or steel, when their volume decreased by X% to X units. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced modestly in the following year.

In value terms, iron or steel sanitary ware exports fell to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X units), Guatemala (X units) and Switzerland (X units) were the main destinations of iron or steel sanitary ware exports from Bangladesh, together comprising X% of total exports. Poland, Peru, Iceland, Costa Rica and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for iron or steel sanitary ware exported from Bangladesh were the United States ($X), Switzerland ($X) and Guatemala ($X), with a combined X% share of total exports. Peru, Poland, Iceland, Costa Rica and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for sanitary ware and parts of iron or steel amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, showed a tangible expansion. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then fell in the following year.

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

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

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Bangladesh

In 2022, the amount of sanitary ware and parts of iron or steel imported into Bangladesh contracted modestly to X units, which is down by X% compared with the previous year. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports shrank to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main iron or steel sanitary ware supplier to Bangladesh, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to Bangladesh.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average import price for sanitary ware and parts of iron or steel stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, import price indicated a buoyant increase 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, iron or steel sanitary ware import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

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

Source: IndexBox Platform

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